1 April 2022 false No description of principal activity Taxfiler 2023.11 04448229business:PrivateLimitedCompanyLtd2022-04-012023-03-31 044482292022-03-31 044482292022-04-012023-03-31 04448229business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 04448229business:FilletedAccounts2022-04-012023-03-31 044482292023-03-31 04448229business:Director12022-04-012023-03-31 04448229business:RegisteredOffice2022-04-012023-03-31 044482292022-03-31 04448229core:WithinOneYear2023-03-31 04448229core:WithinOneYear2022-03-31 04448229core:AfterOneYear2023-03-31 04448229core:AfterOneYear2022-03-31 04448229core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 04448229core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 04448229core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 04448229core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 04448229core:PreviouslyStatedAmount2023-03-31 04448229core:PreviouslyStatedAmount2022-03-31 04448229business:SmallEntities2022-04-012023-03-31 04448229countries:EnglandWales2022-04-012023-03-31 04448229core:LandBuildings2022-04-012023-03-31 04448229core:LandBuildings2022-03-31 04448229core:LandBuildings2023-03-31 044482292021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 04448229 (England and Wales)
SELINA LIMITED Unaudited accounts for the year ended 31 March 2023
SELINA LIMITED Unaudited accounts Contents
Page
- 2 -
SELINA LIMITED Company Information for the year ended 31 March 2023
Director
Hassan Eslami
Company Number
04448229 (England and Wales)
Registered Office
126 CHARMINSTER ROAD BOURNEMOUTH BH8 8UT ENGLAND
- 3 -
SELINA LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,016 
47,016 
Investment property
602,984 
602,984 
650,000 
650,000 
Current assets
Debtors
642 
500 
Cash at bank and in hand
332 
1,505 
974 
2,005 
Creditors: amounts falling due within one year
(69,501)
(51,061)
Net current liabilities
(68,527)
(49,056)
Total assets less current liabilities
581,473 
600,944 
Creditors: amounts falling due after more than one year
(208,814)
(233,530)
Provisions for liabilities
Deferred tax
(54,778)
(54,778)
Net assets
317,881 
312,636 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
317,781 
312,536 
Shareholders' funds
317,881 
312,636 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2023 and were signed on its behalf by
Hassan Eslami Director Company Registration No. 04448229
- 4 -
SELINA LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
SELINA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04448229. The registered office is 126 CHARMINSTER ROAD, BOURNEMOUTH, BH8 8UT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not depreciated
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
SELINA LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2022
47,016 
At 31 March 2023
47,016 
Depreciation
At 31 March 2023
- 
Net book value
At 31 March 2023
47,016 
At 31 March 2022
47,016 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
602,984 
At 31 March 2023
602,984 
The properties were valued by the director on 31 March 2023. If investment properties had not been revalued they would have been included at the historical cost of £323,797.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
642 
500 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
24,088 
24,087 
Taxes and social security
1,424 
2,223 
Other creditors
700 
8,700 
Loans from directors
41,967 
15,293 
Accruals
1,322 
758 
69,501 
51,061 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
208,814 
233,530 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -