Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 13309199 Mr Daniel Tsun Yin Wan Ms Chi Kwan Fiona Au Daniel Wan & Chi Au true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13309199 2023-04-30 13309199 2024-04-30 13309199 2023-05-01 2024-04-30 13309199 frs-core:CurrentFinancialInstruments 2024-04-30 13309199 frs-core:Non-currentFinancialInstruments 2024-04-30 13309199 frs-core:FurnitureFittings 2024-04-30 13309199 frs-core:FurnitureFittings 2023-05-01 2024-04-30 13309199 frs-core:FurnitureFittings 2023-04-30 13309199 frs-core:ShareCapital 2024-04-30 13309199 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13309199 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13309199 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13309199 frs-bus:SmallEntities 2023-05-01 2024-04-30 13309199 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13309199 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13309199 1 2023-05-01 2024-04-30 13309199 frs-bus:Director1 2023-05-01 2024-04-30 13309199 frs-bus:Director2 2023-05-01 2024-04-30 13309199 frs-countries:EnglandWales 2023-05-01 2024-04-30 13309199 2022-04-30 13309199 2023-04-30 13309199 2022-05-01 2023-04-30 13309199 frs-core:CurrentFinancialInstruments 2023-04-30 13309199 frs-core:Non-currentFinancialInstruments 2023-04-30 13309199 frs-core:ShareCapital 2023-04-30 13309199 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 13309199
Serenely Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Calculated Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13309199
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,789 14,476
Investment Properties 5 1,171,308 736,963
1,191,097 751,439
CURRENT ASSETS
Debtors 6 2,408 14,839
Investments 7 70,101 70,451
Cash at bank and in hand 40,396 22,579
112,905 107,869
Creditors: Amounts Falling Due Within One Year 8 (1,225 ) (1,198 )
NET CURRENT ASSETS (LIABILITIES) 111,680 106,671
TOTAL ASSETS LESS CURRENT LIABILITIES 1,302,777 858,110
Creditors: Amounts Falling Due After More Than One Year 9 (1,351,100 ) (902,403 )
NET LIABILITIES (48,323 ) (44,293 )
CAPITAL AND RESERVES
Called up share capital 10 305 305
Profit and Loss Account (48,628 ) (44,598 )
SHAREHOLDERS' FUNDS (48,323) (44,293)
Page 1
Page 2
For the year ending 30 April 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Tsun Yin Wan
Director
04/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Serenely Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13309199 . The registered office is 71-75 Shelton Street Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2023 19,611
Additions 9,738
As at 30 April 2024 29,349
Depreciation
As at 1 May 2023 5,135
Provided during the period 4,425
As at 30 April 2024 9,560
Net Book Value
As at 30 April 2024 19,789
As at 1 May 2023 14,476
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5. Investment Property
2024
£
Fair Value
As at 1 May 2023 736,963
Additions 434,345
As at 30 April 2024 1,171,308
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 13,412
Prepayments and accrued income 2,408 1,427
2,408 14,839
7. Current Asset Investments
2024 2023
£ £
Short term deposits 70,101 70,451
70,101 70,451
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 261 -
Accruals and deferred income 964 1,198
1,225 1,198
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 1,351,100 902,403
1,351,100 902,403
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 305 305
11. Related Party Transactions
Included within Creditors is the loan balance of £1,351,100 (2023: £902,403) from the director. The loan is unsecured, interest free and there are no fixed repayment terms.
12. Ultimate Controlling Party
The company's ultimate controlling party is Daniel Wan & Chi Au by virtue of their combined ownership of 100% of the issued share capital in the company.
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