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Registered number: 13670021
Serena Property Ltd
Unaudited Financial Statements
For the Period 1 November 2022 to 31 March 2024
Property Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13670021
31 March 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,158,729 650,640
1,158,729 650,640
CURRENT ASSETS
Debtors 5 400 7,127
Cash at bank and in hand 6,908 2,070
7,308 9,197
Creditors: Amounts Falling Due Within One Year 6 (852,527 ) (537,124 )
NET CURRENT ASSETS (LIABILITIES) (845,219 ) (527,927 )
TOTAL ASSETS LESS CURRENT LIABILITIES 313,510 122,713
Creditors: Amounts Falling Due After More Than One Year 7 (364,480 ) (142,485 )
NET LIABILITIES (50,970 ) (19,772 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (50,971 ) (19,773 )
SHAREHOLDERS' FUNDS (50,970) (19,772)
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Serena Froom
Director
24/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Serena Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13670021 . The registered office is C/O Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised as rental income received.
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The fair value of the investment property has been arrived at by the directors best estimate. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 1)
1 1
4. Investment Property
31 March 2024
£
Fair Value
As at 1 November 2022 650,640
Additions 508,089
As at 31 March 2024 1,158,729
5. Debtors
31 March 2024 31 October 2022
£ £
Due within one year
Prepayments and accrued income - 7,127
Other debtors 400 -
400 7,127
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 October 2022
£ £
Other creditors 400 6,680
Bridging loan - 187,500
Director's loan account 852,127 342,944
852,527 537,124
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 October 2022
£ £
Mortgages 364,480 142,485
8. Share Capital
31 March 2024 31 October 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4