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Company Registration No. 06270642 (England and Wales)
Sen Corporation Limited Unaudited accounts for the year ended 31 December 2024
Sen Corporation Limited Unaudited accounts Contents
Page
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Sen Corporation Limited Company Information for the year ended 31 December 2024
Directors
Charles Michael Andrew Black Meagan Crawford Lord Peter Daresbury Harry McDermott Lee Lindley
Secretary
Jason Coppen
Company Number
06270642 (England and Wales)
Registered Office
33 Great Sutton Street London EC1V 0DX
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Sen Corporation Limited Accountants' report
Accountants' report to the board of directors of Sen Corporation Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sen Corporation Limited for the year ended 31 December 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sen Corporation Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Sen Corporation Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sen Corporation Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sen Corporation Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sen Corporation Limited. You consider that Sen Corporation 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 accounts of Sen Corporation 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 accounts.
26 March 2025
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Sen Corporation Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
398,471 
418,565 
Tangible assets
368,605 
635,180 
Investments
7,849 
7,849 
774,925 
1,061,594 
Current assets
Debtors
683,310 
520,658 
Cash at bank and in hand
25,070 
735,349 
708,380 
1,256,007 
Creditors: amounts falling due within one year
(687,469)
(244,036)
Net current assets
20,911 
1,011,971 
Net assets
795,836 
2,073,565 
Capital and reserves
Called up share capital
424,519 
416,388 
Share premium
9,379,577 
8,964,908 
Profit and loss account
(9,008,260)
(7,307,731)
Shareholders' funds
795,836 
2,073,565 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Charles Michael Andrew Black Director Company Registration No. 06270642
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Sen Corporation Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Sen Corporation Limited is a private company, limited by shares, registered in England and Wales, registration number 06270642. The registered office and principal place of business is 33 Great Sutton Street, London, EC1V 0DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Sen Corporation Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
432,307 
At 31 December 2024
432,307 
Amortisation
At 1 January 2024
13,742 
Charge for the year
20,094 
At 31 December 2024
33,836 
Net book value
At 31 December 2024
398,471 
At 31 December 2023
418,565 
Intangible assets is made up of software and website cost
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
1,007,540 
69,163 
49,286 
1,125,989 
Additions
46,759 
- 
- 
46,759 
Disposals
(171,064)
- 
- 
(171,064)
At 31 December 2024
883,235 
69,163 
49,286 
1,001,684 
Depreciation
At 1 January 2024
415,780 
42,929 
32,100 
490,809 
Charge for the year
210,860 
12,828 
7,404 
231,092 
On disposals
(88,822)
- 
- 
(88,822)
At 31 December 2024
537,818 
55,757 
39,504 
633,079 
Net book value
At 31 December 2024
345,417 
13,406 
9,782 
368,605 
At 31 December 2023
591,760 
26,234 
17,186 
635,180 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
7,849 
Valuation at 31 December 2024
7,849 
The company owns 100% of the issued share capital in Sen TV Inc, a company incorporated in Delaware State, USA
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Sen Corporation Limited Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,273 
9,473 
Trade debtors
195 
- 
Amounts due from group undertakings etc.
15,583 
66,711 
Accrued income and prepayments
29,123 
55,515 
Other debtors
632,136 
388,959 
683,310 
520,658 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
296,184 
128,686 
Taxes and social security
138,991 
36,595 
Other creditors
158,562 
9,209 
Accruals
54,039 
69,546 
Deferred income
39,693 
- 
687,469 
244,036 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
42,451,910 Ordinary shares of £0.01 each
424,519.10 
416,388.31 
Shares issued during the period:
813,079 Ordinary shares of £0.01 each
8,130.79 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
95,425 
95,425 
Later than one year and not later than five years
381,700 
- 
477,125 
95,425 
11
Transactions with related parties
Sen Corporation Ltd has provided operating cash to Sen TV Inc, a company registered in Delaware State, USA and wholly owned by Sen Corporation Ltd
12
Average number of employees
During the year the average number of employees was 17 (2023: 17).
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