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REGISTERED NUMBER: 08315907 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Spar Serena Limited

Spar Serena Limited (Registered number: 08315907)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spar Serena Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A R Alici





REGISTERED OFFICE: 12 Sunny Hollow
Newcastle
ST5 0RW





REGISTERED NUMBER: 08315907 (England and Wales)





ACCOUNTANTS: Musalar & Co Accountants
International Accountant &Tax Consultant
FAIA, FFA, FIPA, FCPA, FFTA
536 Lordship Lane
London
N22 5BY

Spar Serena Limited (Registered number: 08315907)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,601 180,601

CURRENT ASSETS
Stocks 5 50,013 50,563
Debtors 6 14 1,492
Cash at bank and in hand 46,354 71,142
96,381 123,197
CREDITORS
Amounts falling due within one year 7 21,756 22,206
NET CURRENT ASSETS 74,625 100,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,226

281,592

CREDITORS
Amounts falling due after more than one
year

8

106,000

123,483
NET ASSETS 149,226 158,109

CAPITAL AND RESERVES
Called up share capital 10 25,000 25,000
Retained earnings 11 124,226 133,109
SHAREHOLDERS' FUNDS 149,226 158,109

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Spar Serena Limited (Registered number: 08315907)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





A R Alici - Director


Spar Serena Limited (Registered number: 08315907)

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

1. STATUTORY INFORMATION

Spar Serena 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Spar Serena Limited (Registered number: 08315907)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 180,600 118,412 299,012
DEPRECIATION
At 1 January 2023
and 31 December 2023 - 118,411 118,411
NET BOOK VALUE
At 31 December 2023 180,600 1 180,601
At 31 December 2022 180,600 1 180,601

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 50,013 50,563

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
VAT 14 1,492

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 8,784 -
Trade creditors 4,500 4,501
Tax 8,472 17,705
21,756 22,206

Spar Serena Limited (Registered number: 08315907)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 30,000 123,483
Other loans (see note 9) 76,000 -
106,000 123,483

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,000 123,483

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 8,784 -

Amounts falling due between one and two years:
Other loans - 1-2 years 76,000 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,000 123,483

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
25,000 Ordinary shares class A 1.00 25,000 25,000

Spar Serena Limited (Registered number: 08315907)

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

11. RESERVES
Retained
earnings
£   

At 1 January 2023 133,109
Profit for the year 36,117
Dividends (45,000 )
At 31 December 2023 124,226

12. ULTIMATE CONTROLLING PARTY

From the date of incorporation Mr Alici has controlled the company by virtue of a 100% shareholding.