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REGISTERED NUMBER: 08784601 (England and Wales)















SERIAL IDEAS LTD

Unaudited Financial Statements

for the Year Ended 31 December 2023






SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SERIAL IDEAS LTD

Company Information
for the year ended 31 December 2023







Director: P Krapfl





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 08784601 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

Balance Sheet
31 December 2023

2023 2022
Notes
Fixed assets
Investments 4 544,674 544,674

Current assets
Debtors 5 61,733 56,542
Cash at bank 217 309
61,950 56,851
Creditors
Amounts falling due within one year 6 (608,325 ) (602,206 )
Net current liabilities (546,375 ) (545,355 )
Total assets less current liabilities (1,701 ) (681 )

Capital and reserves
Called up share capital 7 1,185 1,185
Retained earnings (2,886 ) (1,866 )
Shareholders' funds (1,701 ) (681 )

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.

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 20 September 2024 and were signed by:





P Krapfl - Director


SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Serial Ideas Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
At the end of the financial year there was a net deficit of €1,701 (2022: €681 ) on the balance sheet. However, the director has confirmed continued support of the company and consequently the accounts have been prepared on a going concern basis.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Fixed asset investments
Shares in
group
undertakings
Cost
At 1 January 2023
and 31 December 2023 544,674
Net book value
At 31 December 2023 544,674
At 31 December 2022 544,674

SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Fixed asset investments - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Daotec Limited
Registered office: UK
Nature of business: Telecommunications
%
Class of shares: holding
Ordinary 100.00

Accelid Gmbh
Registered office: Austria
Nature of business: Building, renting & selling racing simulators
%
Class of shares: holding
Ordinary 49.00

Cognac Systems S.L
Registered office: Spain
Nature of business: Digital product development sales and Mar
%
Class of shares: holding
Ordinary 95.00

5. Debtors: amounts falling due within one year
2023 2022
Other debtors 61,733 56,542

6. Creditors: amounts falling due within one year
2023 2022
Amounts owed to group undertakings 586,052 580,343
Other creditors 22,273 21,863
608,325 602,206

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value:
1,000 Ordinary £1 1,185 1,185

SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Related party disclosures

At the balance sheet date the company owed Daotec Limited €586,052 (2022: €580,342). Daotec Limited
is a 100% owned subsidiary of Serial Ideas Limited who have a common director Peter Krapfl.

The company owed the director Peter Krapfl €20,000 (2022: €20,000) at the balance sheet date.

At the balance sheet date Accelid GmbH owed the company €27,800 (2022: €26,500) at the year end.

Cognac Systems S.L a connected company owed €26,578 (2022: €26,578) at the year end.