Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falsefalse2023-10-043No description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15188295 2023-10-03 15188295 2023-10-04 2024-06-30 15188295 2022-07-01 2023-10-03 15188295 2024-06-30 15188295 c:Director1 2023-10-04 2024-06-30 15188295 d:CurrentFinancialInstruments 2024-06-30 15188295 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 15188295 d:ShareCapital 2024-06-30 15188295 d:RetainedEarningsAccumulatedLosses 2024-06-30 15188295 c:OrdinaryShareClass1 2023-10-04 2024-06-30 15188295 c:OrdinaryShareClass1 2024-06-30 15188295 c:OrdinaryShareClass2 2023-10-04 2024-06-30 15188295 c:OrdinaryShareClass2 2024-06-30 15188295 c:FRS102 2023-10-04 2024-06-30 15188295 c:AuditExempt-NoAccountantsReport 2023-10-04 2024-06-30 15188295 c:FullAccounts 2023-10-04 2024-06-30 15188295 c:PrivateLimitedCompanyLtd 2023-10-04 2024-06-30 15188295 e:PoundSterling 2023-10-04 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15188295









SERNA RENOVATION LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
SERNA RENOVATION LTD
REGISTERED NUMBER: 15188295

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
44,185

Cash at bank and in hand
 5 
12,530

  
56,715

Creditors: amounts falling due within one year
 6 
(48,658)

Net current assets
  
 
 
8,057

Total assets less current liabilities
  
8,057

  

Net assets
  
8,057


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
7,957

Total equity
  
8,057


Page 1

 
SERNA RENOVATION LTD
REGISTERED NUMBER: 15188295
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 statement of income and retained earnings 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 by: 




M Serna Palacios
Director

Date: 24 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SERNA RENOVATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Serna Renovation Ltd is a private company limited by shares, incorporated in England and Wales and its registered address is 85-87 Bayham Street, London, NW1 0AG.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
SERNA RENOVATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

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.

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.

Page 4

 
SERNA RENOVATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

4.


Debtors

2024
£


Trade debtors
40,942

Amounts owed by associates
1,494

Prepayments
1,749

44,185



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
12,530



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
29,908

Corporation tax
1,906

Other taxation and social security
11,169

Other creditors
3,925

Accruals
1,750

48,658


Page 5

 
SERNA RENOVATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

7.


Share capital

2024
£
Allotted, called up and fully paid


50 Ordinary A shares of £1.00 each
50
50 Ordinary B shares of £1.00 each
50

100


On incorporation, the company issued 100 £1 Ordinary shares at par to form the capital base of the company.
During the period under review, the company reclassified its existing 100 £1 Ordinary shares into 50 £1 Ordinary A shares and 50 £1 Ordinary B shares.
The reissue of the share was made at par.

 
Page 6