COMPANY REGISTRATION NUMBER:
07123531
Seraphim Group UK Limited |
|
Filleted Unaudited Financial Statements |
|
Seraphim Group UK Limited |
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Seraphim Group UK Limited |
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Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seraphim Group UK Limited for the year ended 31 March 2024, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Seraphim Group UK Limited, as a body, in accordance with the terms of our engagement letter dated 27 August 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Seraphim Group UK Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seraphim Group UK Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Seraphim Group UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seraphim Group UK Limited. You consider that Seraphim Group UK Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Seraphim Group UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MILLER DAVIES LLP
Chartered accountants
A3 Broomsleigh Business Park
Worsley Bridge Road
London
SE26 5BN
16 September 2024
Seraphim Group UK Limited |
|
31 March 2024
Current assets
Debtors |
4 |
365,300 |
|
– |
Investments |
5 |
500 |
|
200 |
Cash at bank and in hand |
148,000 |
|
150,000 |
|
--------- |
|
--------- |
|
513,800 |
|
150,200 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
513,600 |
|
150,000 |
|
--------- |
|
--------- |
Net current assets |
|
200 |
200 |
|
|
---- |
---- |
Total assets less current liabilities |
|
200 |
200 |
|
|
---- |
---- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
200 |
200 |
|
|
---- |
---- |
Shareholders funds |
|
200 |
200 |
|
|
---- |
---- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
16 September 2024
, and are signed on behalf of the board by:
Mr R. S. Nathaniel |
Mrs S. K. Nathaniel |
Director |
Director |
|
|
Company registration number:
07123531
Seraphim Group UK Limited |
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Notes to the Financial Statements |
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Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
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 entity after deducting all of its financial liabilities.
4.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
365,300 |
– |
|
--------- |
---- |
|
|
|
5.
Investments
|
2024 |
2023 |
|
£ |
£ |
Investments in group undertakings |
500 |
200 |
|
---- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
513,600 |
150,000 |
|
--------- |
--------- |
|
|
|
7.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss |
513,800 |
150,200 |
|
--------- |
--------- |
|
|
|
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss |
513,800 |
150,200 |
|
--------- |
--------- |
|
|
|
8.
Related party transactions
During the year the company was loaned £363,500 (2023 - £70,004) by Seraphim Accommodation Services Limited, whose entire share capital is owned by
Seraphim Group UK Limited
. At the year end the total loan stood at £513,500 (2023 - £150,000) During the year the company loaned £365,300 (2023 - £Nil) to Seraphim Film Productions Limited, whose entire share capital is owned by Seraphim Group UK Limited
. At the year end the total loan stood at £365,300 (2023 - £Nil)