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REGISTERED NUMBER: 12465307 (England and Wales)















Unaudited Financial Statements

for the Period

1 April 2023 to 30 November 2023

for

Serrell Developments Ltd

Serrell Developments Ltd (Registered number: 12465307)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Serrell Developments Ltd

Company Information
for the Period 1 April 2023 to 30 November 2023







DIRECTORS: Mrs O Serrell
MC Serrell





SECRETARY: MC Serrell





REGISTERED OFFICE: Pool Cottage Aldenham
Morville
Bridgnorth
Shropshire
WV16 4RN





REGISTERED NUMBER: 12465307 (England and Wales)





ACCOUNTANTS: Vaughan Davies Enterprise Ltd
15 St Mary's Street
Newport
Shropshire
TF10 7AF

Serrell Developments Ltd (Registered number: 12465307)

Balance Sheet
30 November 2023

30.11.23 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 205,000 -
Debtors 4 3,708 3,466
Cash at bank and in hand 22,782 235,750
231,490 239,216
CREDITORS
Amounts falling due within one year 5 171,092 139,515
NET CURRENT ASSETS 60,398 99,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,398

99,701

CREDITORS
Amounts falling due after more than one
year

6

40,000

44,000
NET ASSETS 20,398 55,701

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,298 55,601
20,398 55,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:



MC Serrell - Director


Serrell Developments Ltd (Registered number: 12465307)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 November 2023

1. STATUTORY INFORMATION

Serrell Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 31.3.23
£    £   
Other debtors 3,708 3,466

Serrell Developments Ltd (Registered number: 12465307)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 November 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 31.3.23
£    £   
Trade creditors (1 ) 202
Taxation and social security 1,753 11,070
Other creditors 169,340 128,243
171,092 139,515

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 31.3.23
£    £   
Bank loans 40,000 44,000