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Registration number: 03947588

Seriesvalue Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Seriesvalue Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Seriesvalue Limited

(Registration number: 03947588)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

530,488

530,665

Current assets

 

Debtors

4

51,673

51,282

Cash at bank and in hand

 

68,650

60,350

 

120,323

111,632

Creditors: Amounts falling due within one year

5

(288,886)

(296,779)

Net current liabilities

 

(168,563)

(185,147)

Total assets less current liabilities

 

361,925

345,518

Provisions for liabilities

(1,946)

(57,692)

Net assets

 

359,979

287,826

Capital and reserves

 

Called up share capital

1,000

1,000

Fair value reserve

228,823

173,077

Profit and loss account

130,156

113,749

Total equity

 

359,979

287,826

 

Seriesvalue Limited

(Registration number: 03947588)

Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 20 September 2024
 

.........................................

Mediha Halbeisen
Company secretary and director

 

Seriesvalue Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Seriesvalue Limited is a private company, limited by shares, domiciled in England and Wales, company number 03947588. The registered office is at 5 Sidings Court, White Rose Way, Doncaster, South Yorkshire, DN4 5NU.

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There has been no material departure from this standard.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover represents the invoiced value of rents received during the year.

Tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Seriesvalue Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Investment property

Investment properties are included at fair value. Gains are recognised in the statement of profit and loss. Deferred tax is provided on these gains at the rate expected to arise on the ultimate sale of the property.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

3

Tangible assets

Investment properties
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2023

529,482

27,558

557,040

At 31 March 2024

529,482

27,558

557,040

Depreciation

At 1 April 2023

-

26,375

26,375

Charge for the year

-

177

177

At 31 March 2024

-

26,552

26,552

Carrying amount

At 31 March 2024

529,482

1,006

530,488

At 31 March 2023

529,482

1,183

530,665

Revaluation

The company's investment properties were revalued on 31 March 2003 by the company's directors. The value of these properties are subject to review by the company's director on an annual basis. The director consider the valuation at the balance sheet date represents the fair value.

The historical cost at 31 March 2024 of investment properties was £298,713 (2023: £298,713).

 

Seriesvalue Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Debtors

2024
£

2023
£

Directors' current accounts

38,933

38,641

Other debtors

12,740

12,641

51,673

51,282

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Loans

250,000

250,000

Trade creditors

100

100

Taxation and social security

99

2,227

Accruals and deferred income

4,505

3,187

Other creditors

34,182

41,265

288,886

296,779