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REGISTERED NUMBER: 05892441 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

SERJ LIMITED

SERJ LIMITED (REGISTERED NUMBER: 05892441)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SERJ LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: A S Leach
M B Leach
S J Vegoda





SECRETARY: A S Leach





REGISTERED OFFICE: 18 Murray Road
Northwood
Middlesex
HA6 2YJ





REGISTERED NUMBER: 05892441 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

SERJ LIMITED (REGISTERED NUMBER: 05892441)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 519,694 519,686

CURRENT ASSETS
Debtors 5 741 467
Cash at bank 31,910 67,349
32,651 67,816
CREDITORS
Amounts falling due within one year 6 13,407 22,770
NET CURRENT ASSETS 19,244 45,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,938

564,732

PROVISIONS FOR LIABILITIES 7 57,002 57,002
NET ASSETS 481,936 507,730

CAPITAL AND RESERVES
Called up share capital 100 100
Capital reserve 54,209 54,209
Fair value reserve 407,789 407,789
Retained earnings 19,838 45,632
SHAREHOLDERS' FUNDS 481,936 507,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SERJ LIMITED (REGISTERED NUMBER: 05892441)

BALANCE SHEET - continued
31ST JULY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd November 2024 and were signed on its behalf by:




A S Leach - Director



M B Leach - Director


SERJ LIMITED (REGISTERED NUMBER: 05892441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

SERJ Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rental income, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33.33% on cost

Freehold properties are included at fair value. Gains are recognised in the fair value reserve. Deferred tax is provided on these gains at the rate expected to apply when the properties are sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

SERJ LIMITED (REGISTERED NUMBER: 05892441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1st August 2023 519,000 1,750 520,750
Additions - 300 300
At 31st July 2024 519,000 2,050 521,050
DEPRECIATION
At 1st August 2023 - 1,064 1,064
Charge for year - 292 292
At 31st July 2024 - 1,356 1,356
NET BOOK VALUE
At 31st July 2024 519,000 694 519,694
At 31st July 2023 519,000 686 519,686

Cost or valuation at 31st July 2024 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2009 345,791 - 345,791
Valuation in 2014 25,000 - 25,000
Valuation in 2017 111,000 - 111,000
Valuation in 2023 (17,000 ) - (17,000 )
Cost 54,209 2,050 56,259
519,000 2,050 521,050

The historical cost of the freehold properties is £54,209. The freehold properties were transferred from a connected company on 1st August 2008 and revalued at that date at £400,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 741 467

SERJ LIMITED (REGISTERED NUMBER: 05892441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,746 12,957
Other creditors 10,661 9,813
13,407 22,770

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred tax 57,002 46,788
Deferred taxation movement - 10,214
57,002 57,002

Deferred
tax
£   
Balance at 1st August 2023 57,002
Balance at 31st July 2024 57,002

Provision has been made for taxation that would be payable if the company's freehold properties were sold at book value.