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REGISTERED NUMBER: 11860009 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Serenity Shelfco (No 1) Ltd

Serenity Shelfco (No 1) Ltd (Registered number: 11860009)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Serenity Shelfco (No 1) Ltd

Company Information
for the year ended 31 December 2024







DIRECTORS: A Wilson
G Burns





REGISTERED OFFICE: Unit 6 Buccaneer Drive
Auckley
Finningley
Doncaster
South Yorkshire
DN9 3QP





REGISTERED NUMBER: 11860009 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

Serenity Shelfco (No 1) Ltd (Registered number: 11860009)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 960,000 960,000

CURRENT ASSETS
Inventories 81,299 57,085
Debtors 5 299 4,542
Prepayments and accrued income 193 -
Cash at bank 971 5,070
82,762 66,697
CREDITORS
Amounts falling due within one year 6 802,858 772,363
NET CURRENT LIABILITIES (720,096 ) (705,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,904

254,334

PROVISIONS FOR LIABILITIES 48,340 48,340
NET ASSETS 191,564 205,994

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 145,021 145,021
Retained earnings 7 46,443 60,873
191,564 205,994

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Serenity Shelfco (No 1) Ltd (Registered number: 11860009)

Statement of Financial Position - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





G Burns - Director


Serenity Shelfco (No 1) Ltd (Registered number: 11860009)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Serenity Shelfco (No 1) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not currently provided for as the value is currently increasing due to development.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Serenity Shelfco (No 1) Ltd (Registered number: 11860009)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Freehold
property
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 960,000
NET BOOK VALUE
At 31 December 2024 960,000
At 31 December 2023 960,000

Cost or valuation at 31 December 2024 is represented by:

Freehold
property
£   
Valuation in 2023 193,361
Cost 766,639
960,000

Property revaluation of £960,000 based on the best estimate of the directors as at 31 December 2024. The directors do not believe there has been a movement in value over the past year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 299 4,542

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 144 17,860
Amount due to 1 connected co 801,713 753,292
Accruals and deferred income 1,001 1,211
802,858 772,363

Serenity Shelfco (No 1) Ltd (Registered number: 11860009)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 60,873 145,021 205,894
Deficit for the year (14,430 ) (14,430 )
At 31 December 2024 46,443 145,021 191,464