Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302false2023-07-01trueNo description of principal activity2falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14185167 2023-07-01 2024-06-30 14185167 2022-06-21 2023-06-30 14185167 2024-06-30 14185167 2023-06-30 14185167 c:Director1 2023-07-01 2024-06-30 14185167 c:Director2 2023-07-01 2024-06-30 14185167 c:RegisteredOffice 2023-07-01 2024-06-30 14185167 d:CurrentFinancialInstruments 2024-06-30 14185167 d:CurrentFinancialInstruments 2023-06-30 14185167 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14185167 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14185167 d:ShareCapital 2024-06-30 14185167 d:ShareCapital 2023-06-30 14185167 d:RetainedEarningsAccumulatedLosses 2024-06-30 14185167 d:RetainedEarningsAccumulatedLosses 2023-06-30 14185167 c:FRS102 2023-07-01 2024-06-30 14185167 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14185167 c:FullAccounts 2023-07-01 2024-06-30 14185167 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14185167 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 14185167










SERBCO INVESTMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024



















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SERBCO INVESTMENTS LIMITED
 
 
Company Information


Directors
M Lazovic 
M Vanegas 




Registered number
14185167



Registered office
84 Cholmley Gardens

London

United Kingdom

NW6 1UN




Accountants
Sayers Butterworth LLP

3rd Floor

12 Gough Square

London

United Kingdom

EC4A 3DW





 
SERBCO INVESTMENTS LIMITED
Registered number: 14185167

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
-
2

  
-
2

Creditors: amounts falling due within one year
 4 
(6,213)
(5,160)

Net current liabilities
  
 
 
(6,213)
 
 
(5,158)

Total assets less current liabilities
  
(6,213)
(5,158)

  

Net liabilities
  
(6,213)
(5,158)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(7,213)
(6,158)

  
(6,213)
(5,158)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2024.




M Lazovic
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
SERBCO INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

1.


General information

Serbco Investments Limited is a private limited company incorporated in the United Kingdom, and registered in England and Wales. The company's registered office is 84 Cholmley Gardens, London, United Kingdom, NW6 1UN.
The company’s principal activity is property investment, and the company is seeking suitable investments. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared under the going concern basis despite an excess of liabilities over total assets. 
The Directors have agreed to provide whatever financial support may be required by the company, for at least the next twelve months from the date of approval of these financial statements, in order to meet its liabilities as they fall due.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 2

 
SERBCO INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.5

Creditors

Short-term creditors are measured at the transaction price. 

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

 

Page 3

 
SERBCO INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3
-

Other creditors
5,190
4,140

Accruals and deferred income
1,020
1,020

6,213
5,160


Page 4

 
SERBCO INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

5.


Related party transactions

During the period, the Director maintained a loan account with the Company. As at 30 June 2024 the Company owed the director £5,190 (2023: £4,140). This is interest free and repayable on demand. 

 
Page 5