Registration number:
The Seraphina Collection Ltd
for the Period from 1 April 2024 to 28 February 2025
The Seraphina Collection Ltd
Contents
Company Information |
|
Abridged Balance Sheet |
|
Notes to the Unaudited Abridged Financial Statements |
The Seraphina Collection Ltd
Company Information
Director |
Miss Rosie Hore |
Registered office |
|
Accountants |
|
The Seraphina Collection Ltd
(Registration number: 11860740)
Abridged Balance Sheet as at 28 February 2025
Note |
2025 |
2024 |
|
Current assets |
|||
Stocks |
- |
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Prepayments and accrued income |
- |
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Total assets less current liabilities |
|
|
|
Accruals and deferred income |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
1 |
1 |
|
Retained earnings |
324,656 |
328,570 |
|
Shareholders' funds |
324,657 |
328,571 |
For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
The Seraphina Collection Ltd
(Registration number: 11860740)
Abridged Balance Sheet as at 28 February 2025
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
......................................... |
The Seraphina Collection Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 28 February 2025
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
The Seraphina Collection Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 28 February 2025
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Stocks |
2025 |
2024 |
|
Other inventories |
- |
|
Share capital |
Allotted, called up and fully paid shares
2025 |
2024 |
|||
No. |
£ |
No. |
£ |
|
|
|
1 |
|
1 |
The Seraphina Collection Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 28 February 2025
Related party transactions |
Transactions with the director |
2025 |
At 1 April 2024 |
Repayments by director |
At 28 February 2025 |
Miss Rosie Hore |
|||
Director Loan |
( |
|
- |
2024 |
At 1 April 2023 |
Repayments by director |
At 31 March 2024 |
Miss Rosie Hore |
|||
Director Loan |
|
( |
( |
Director's remuneration
The director's remuneration for the period was as follows:
2025 |
2024 |
|
Remuneration |
- |
|