Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false2022-07-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10823466 2022-07-01 2023-06-30 10823466 2021-07-01 2022-06-30 10823466 2023-06-30 10823466 2022-06-30 10823466 c:Director1 2022-07-01 2023-06-30 10823466 d:CurrentFinancialInstruments 2023-06-30 10823466 d:CurrentFinancialInstruments 2022-06-30 10823466 d:Non-currentFinancialInstruments 2023-06-30 10823466 d:Non-currentFinancialInstruments 2022-06-30 10823466 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10823466 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10823466 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10823466 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 10823466 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 10823466 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-06-30 10823466 d:ShareCapital 2023-06-30 10823466 d:ShareCapital 2022-06-30 10823466 d:RetainedEarningsAccumulatedLosses 2023-06-30 10823466 d:RetainedEarningsAccumulatedLosses 2022-06-30 10823466 c:FRS102 2022-07-01 2023-06-30 10823466 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10823466 c:FullAccounts 2022-07-01 2023-06-30 10823466 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10823466 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 10823466









SERAC HOMES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
SERAC HOMES LTD
REGISTERED NUMBER: 10823466

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Investments
 4 
2
2

  
2
2

Current assets
  

Debtors: amounts falling due within one year
 5 
47,361
127,948

Cash at bank and in hand
 6 
628
1,668

  
47,989
129,616

Creditors: amounts falling due within one year
 7 
(13,160)
(89,317)

Net current assets
  
 
 
34,829
 
 
40,299

Total assets less current liabilities
  
34,831
40,301

Creditors: amounts falling due after more than one year
 8 
(39,070)
(43,931)

  

Net liabilities
  
(4,239)
(3,630)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(4,339)
(3,730)

  
(4,239)
(3,630)


Page 1

 
SERAC HOMES LTD
REGISTERED NUMBER: 10823466
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B Johnson
Director

Date: 5 March 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SERAC HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Serac Homes Ltd ("the Company") is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is Aston House, Cornwall Avenue, London, N3 1LF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of these financial statements were approved. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
SERAC HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Director
1
1


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2022
2



At 30 June 2023
2





5.


Debtors

2023
2022
£
£


Other debtors
47,361
127,948


Page 4

 
SERAC HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
628
1,668



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,000
5,000

Amounts owed to group undertakings
7,560
2,230

Other creditors
-
80,587

Accruals and deferred income
600
1,500

13,160
89,317



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
39,070
43,931



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,000
5,000



Amounts falling due after more than 5 years

Bank loans
39,070
43,932

44,070
48,932


 
Page 5