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REGISTERED NUMBER: 09750531 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Senlim Limited

Senlim Limited (Registered number: 09750531)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Senlim Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr J Milnes
Mrs C R Milnes





REGISTERED OFFICE: New Chapel Farm
Chapel Lane
Penistone
Sheffield
South Yorkshire
S36 6AQ





REGISTERED NUMBER: 09750531 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Senlim Limited (Registered number: 09750531)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 85 101
Investments 6 1,118,793 1,123,526
Investment property 7 401,445 401,445
1,520,323 1,525,072

CURRENT ASSETS
Debtors 8 300 261
Cash at bank 15,998 33,854
16,298 34,115
CREDITORS
Amounts falling due within one year 9 1,332,090 1,364,234
NET CURRENT LIABILITIES (1,315,792 ) (1,330,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,531

194,953

PROVISIONS FOR LIABILITIES 21,464 8,202
NET ASSETS 183,067 186,751

CAPITAL AND RESERVES
Called up share capital 10 9 9
Retained earnings 183,058 186,742
SHAREHOLDERS' FUNDS 183,067 186,751

Senlim Limited (Registered number: 09750531)

Statement of Financial Position - continued
31 August 2023


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





Mr J Milnes - Director


Senlim Limited (Registered number: 09750531)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Senlim Limited 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Senlim Limited (Registered number: 09750531)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. ACCOUNTING POLICIES - continued

Other investments
Listed investments are measured at fair value. Any aggregate surplus of deficit arising from changes in fair value is recognised in profit or loss.

True and fair override - investments in preference and ordinary shares
The revaluation of the fixed asset listed investments portfolio as a whole is performed on an annual
basis. As a result of this, determination of the revalued carrying values of the individual investments
sold in the year has not been deemed sufficiently accurate to provide a true and fair view of the
gain/loss on disposals of fixed asset investments under the fair value method.

As a result, the gain/loss on investments recognised in the profit and loss account is calculated on the basis of sales proceeds less cost.

These financial statements have complied with Financial Reporting Standard 102 Section 1A, except that it has departed from the requirements of sections 1AC.12 &13 (Fixed asset investments measured at fair value) to the extent detailed above in order to give a true and fair view.

Management has concluded that the financial statements give a true and fair view of the company's financial position.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2022
and 31 August 2023 271
DEPRECIATION
At 1 September 2022 170
Charge for year 16
At 31 August 2023 186
NET BOOK VALUE
At 31 August 2023 85
At 31 August 2022 101

Senlim Limited (Registered number: 09750531)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2022 1,123,526
Additions 295,749
Disposals (306,676 )
Revaluations 6,194
At 31 August 2023 1,118,793
NET BOOK VALUE
At 31 August 2023 1,118,793
At 31 August 2022 1,123,526

Cost or valuation at 31 August 2023 is represented by:

Other
investments
£   
Valuation in 2016 (367 )
Valuation in 2017 62,636
Valuation in 2018 17,889
Valuation in 2019 1,324
Valuation in 2020 (38,486 )
Valuation in 2021 92,744
Valuation in 2022 (109,950 )
Valuation in 2023 6,194
Cost 1,086,809
1,118,793

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 401,445
NET BOOK VALUE
At 31 August 2023 401,445
At 31 August 2022 401,445

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2020 17,379
Valuation in 2022 36,495
Cost 347,571
401,445

Senlim Limited (Registered number: 09750531)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 300 261

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,247 605
Other creditors 1,329,843 1,363,629
1,332,090 1,364,234

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
1 E Ordinary £1 1 1
1 F Ordinary £1 1 1
1 G Ordinary £1 1 1
1 H Ordinary £1 1 1
1 I Ordinary £1 1 1
9 9