4 false false false false false false false false false true false false false false true false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 4749023 2022-05-01 2023-04-30 4749023 2023-04-30 4749023 2022-04-30 4749023 2021-05-01 2022-04-30 4749023 2022-04-30 4749023 bus:Director1 2022-05-01 2023-04-30 4749023 core:FurnitureFittings 2022-04-30 4749023 core:MotorVehicles 2022-04-30 4749023 core:FurnitureFittings 2023-04-30 4749023 core:MotorVehicles 2023-04-30 4749023 core:FurnitureFittings 2022-05-01 2023-04-30 4749023 core:MotorVehicles 2022-05-01 2023-04-30 4749023 core:WithinOneYear 2023-04-30 4749023 core:WithinOneYear 2022-04-30 4749023 core:ShareCapital 2023-04-30 4749023 core:ShareCapital 2022-04-30 4749023 core:RetainedEarningsAccumulatedLosses 2023-04-30 4749023 core:RetainedEarningsAccumulatedLosses 2022-04-30 4749023 core:FurnitureFittings 2022-04-30 4749023 core:MotorVehicles 2022-04-30 4749023 bus:SmallEntities 2022-05-01 2023-04-30 4749023 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 4749023 bus:FullAccounts 2022-05-01 2023-04-30 4749023 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 4749023 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30
COMPANY REGISTRATION NUMBER: 4749023
Serena Williams-Ellis Limited
Filleted Unaudited Financial Statements
30 April 2023
Serena Williams-Ellis Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
20,072
17,927
Current assets
Stocks
50,199
28,690
Debtors
6
32,247
49,299
Investments
7
201,534
418,140
Cash at bank and in hand
1,158,069
910,517
-----------
-----------
1,442,049
1,406,646
Creditors: amounts falling due within one year
8
159,485
298,905
-----------
-----------
Net current assets
1,282,564
1,107,741
-----------
-----------
Total assets less current liabilities
1,302,636
1,125,668
Provisions
Taxation including deferred tax
5,722
7,708
-----------
-----------
Net assets
1,296,914
1,117,960
-----------
-----------
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,296,913
1,117,959
-----------
-----------
Shareholders funds
1,296,914
1,117,960
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Serena Williams-Ellis Limited
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 20 December 2023 , and are signed on behalf of the board by:
Mrs S Williams-Ellis
Director
Company registration number: 4749023
Serena Williams-Ellis Limited
Notes to the Financial Statements
Year ended 30th April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investments. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
(c) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.
(d) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered during the period, stated net of discounts and of Value Added Tax.
(e) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(g) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% to 33% Reducing Balance
Motor Vehicles
-
25% Reducing Balance
(h) Investments
Current assets investments represent investment portfolios of marketable securities and are recorded at fair value being the market value of the underlying investments. Any change in market value is recognised in profit or loss.
(i) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(j) Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
(k) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1st May 2022
66,757
25,000
91,757
Additions
6,914
6,914
-------
-------
-------
At 30th April 2023
73,671
25,000
98,671
-------
-------
-------
Depreciation
At 1st May 2022
57,619
16,211
73,830
Charge for the year
2,572
2,197
4,769
-------
-------
-------
At 30th April 2023
60,191
18,408
78,599
-------
-------
-------
Carrying amount
At 30th April 2023
13,480
6,592
20,072
-------
-------
-------
At 30th April 2022
9,138
8,789
17,927
-------
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
29,669
46,618
Other debtors
2,578
2,681
-------
-------
32,247
49,299
-------
-------
7. Investments
2023
2022
£
£
Other investments
201,534
418,140
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
22,346
2,670
Corporation tax
46,662
4,819
Social security and other taxes
18,672
37,143
Other creditors
71,805
254,273
--------
--------
159,485
298,905
--------
--------
9. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2023
2022
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
(22,320)
(22,352)
-------
-------
10. Profit and loss
The profit & loss account includes £2,113 (2022: £18,341) relating to the market value of an investment portfolio of marketable securities which is not distributable until the investments are sold.