Company Registration No. 08013073 (England and Wales)
Seren Equestrian Ltd
Unaudited accounts
for the year ended 31 October 2023
Seren Equestrian Ltd
Unaudited accounts
Contents
Seren Equestrian Ltd
Company Information
for the year ended 31 October 2023
Company Number
08013073 (England and Wales)
Registered Office
29 GILDREDGE ROAD
EASTBOURNE
EAST SUSSEX
BN21 4RU
Accountants
TJ UK Accounting Ltd
132 Penrith Avenue
Ashton under Lyne
Lancashire
OL7 9JQ
Seren Equestrian Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
18,344
23,881
Cash at bank and in hand
(2,212)
(1,548)
Creditors: amounts falling due within one year
(357,696)
(237,964)
Net current liabilities
(268,888)
(138,194)
Total assets less current liabilities
(250,544)
(114,313)
Creditors: amounts falling due after more than one year
(20,569)
(36,033)
Provisions for liabilities
Deferred tax
(3,425)
(4,679)
Net liabilities
(274,538)
(155,025)
Called up share capital
100
100
Profit and loss account
(274,638)
(155,125)
Shareholders' funds
(274,538)
(155,025)
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
Paul Jeary
Director
Company Registration No. 08013073
Seren Equestrian Ltd
Notes to the Accounts
for the year ended 31 October 2023
Seren Equestrian Ltd is a private company, limited by shares, registered in England and Wales, registration number 08013073. The registered office is 29 GILDREDGE ROAD, EASTBOURNE, EAST SUSSEX, BN21 4RU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% RB
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
954
31,500
9,034
41,488
At 31 October 2023
1,279
31,500
9,286
42,065
At 1 November 2022
239
13,781
3,587
17,607
Charge for the year
260
4,430
1,424
6,114
At 31 October 2023
499
18,211
5,011
23,721
At 31 October 2023
780
13,289
4,275
18,344
At 31 October 2022
715
17,719
5,447
23,881
Seren Equestrian Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,000
8,657
Trade creditors
33,992
3,762
Amounts owed to group undertakings and other participating interests
256,948
186,688
Loans from directors
48,191
38,192
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
At the balance sheet date £62,812 was owed to (2021 : £54,812 owed to) connected companies. These loans were not on normal commercial terms. No interest was charged on these balances.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).