Registered number
13808646
Serdnol Property Management Ltd
Filleted Accounts
31 December 2023
Serdnol Property Management Ltd
Registered number: 13808646
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,505 1,628
Current assets
Debtors 4 29,936 245,222
Cash at bank and in hand 382,697 784,792
412,633 1,030,014
Creditors: amounts falling due within one year 5 (22,022) (19,282)
Net current assets 390,611 1,010,732
Total assets less current liabilities 393,116 1,012,360
Creditors: amounts falling due after more than one year 6 (1,000,000) (1,000,000)
Net (liabilities)/assets (606,884) 12,360
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (607,884) 11,360
Shareholders' funds (606,884) 12,360
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Eliahu Bitran
Director
Approved by the board on 26 September 2024
Serdnol Property Management Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 2,035
Additions 1,605
At 31 December 2023 3,640
Depreciation
At 1 January 2023 407
Charge for the year 728
At 31 December 2023 1,135
Net book value
At 31 December 2023 2,505
At 31 December 2022 1,628
4 Debtors 2023 2022
£ £
Trade debtors 29,936 5,222
Other debtors - 240,000
29,936 245,222
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs (800) 1,054
Other creditors 22,822 18,228
22,022 19,282
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 1,000,000 1,000,000
7 Other information
Serdnol Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Langley Crescent
Edgware
Middlesex
HA8 9SZ
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