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Company No: 08796933 (England and Wales)

SERVIAN GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

SERVIAN GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

SERVIAN GROUP LIMITED

BALANCE SHEET

As at 31 December 2023
SERVIAN GROUP LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
2023 2022
£ £
Current assets
Debtors 3 20 20
20 20
Creditors: amounts falling due within one year 4 ( 595,500) ( 595,500)
Net current liabilities (595,480) (595,480)
Total assets less current liabilities (595,480) (595,480)
Net liabilities ( 595,480) ( 595,480)
Capital and reserves
Called-up share capital 20 20
Profit and loss account ( 595,500 ) ( 595,500 )
Total shareholder's deficit ( 595,480) ( 595,480)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Servian Group Limited (registered number: 08796933) were approved and authorised for issue by the Board of Directors on 25 September 2024. They were signed on its behalf by:

A Keeling
Director
SERVIAN GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
SERVIAN GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Servian Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Stockport Exchange, Stockport, SK1 3GG, United Kingdom. The principal place of business is 5 Woodcote View, Wilmslow, SK9 2DT.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At 31 December 2023, the company had net current liabilities of £595,480 (2022: £595,480) and net liabilities of £595,480 (2022: £595,480).

In making their assessment of going concern, the Directors have concluded that the company has insufficient resources to settle its outstanding liabilities and limited opportunities for future cash generation. On this basis it has been assessed that the company is not a going concern. These financial statements have therefore been prepared on a basis other than going concern, which involved the associated assets and liabilities being written down to their recoverable amounts.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year 0 0

The directors did not receive any remuneration in the year (2022: £nil)

3. Debtors

2023 2022
£ £
Other debtors 20 20

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 595,500 595,500

5. Contingencies

Contingent liabilities

A cross guarantee held by Positive Cashflow Limited in favour of Servian Group Limited has been given by the Company for all monies owing. At the year end, the borrowings of the company covered by the cross guarantee amounted to £75,196 (2022: £109,287).

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

At the year-end the company owed £595,500 (2022: £595,500) to a subsidiary company, Servian Services Limited (in administration).

7. Events after the Balance Sheet date

On 30th April 2024, a subsidiary company, Servian Services Limited (in administration) was dissolved.

8. Ultimate controlling party

The company is under the control of Mrs A Keeling who owns 100% of the ordinary share capital.