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REGISTERED NUMBER: 08784601 (England and Wales)















SERIAL IDEAS LTD

Unaudited Financial Statements

for the Year Ended 31 December 2024






SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

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










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


SERIAL IDEAS LTD

Company Information
for the year ended 31 December 2024







Director: P Krapfl





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 08784601 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Accountants' Report to the Director
on the Unaudited Financial Statements of
Serial Ideas Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Serial Ideas Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Serial Ideas Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Serial Ideas Ltd and state those matters that we have agreed to state to the director of Serial Ideas Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Serial Ideas Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Serial Ideas Ltd. You consider that Serial Ideas Ltd 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 financial statements of Serial Ideas Ltd. 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 financial statements.






Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA


12 August 2025

SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

Balance Sheet
31 December 2024

2024 2023
Notes
Fixed assets
Intangible assets 4 9,960 -
Investments 5 427,847 544,674
437,807 544,674

Current assets
Debtors 6 30,446 61,733
Cash at bank 125,057 217
155,503 61,950
Creditors
Amounts falling due within one year 7 (619,090 ) (608,325 )
Net current liabilities (463,587 ) (546,375 )
Total assets less current liabilities (25,780 ) (1,701 )

Capital and reserves
Called up share capital 8 1,185 1,185
Retained earnings (26,965 ) (2,886 )
Shareholders' funds (25,780 ) (1,701 )

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 director acknowledges his 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.

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 director and authorised for issue on 9 August 2025 and were signed by:





P Krapfl - Director


SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

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


1. Statutory information

Serial Ideas 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
At the end of the financial year there was a net deficit of €25,779 (2023: €1,701 ) on the balance sheet. However, the director has confirmed continued support of the company and consequently the accounts have been prepared on a going concern basis.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Intangible fixed assets
Patents and
licences
Cost
Additions 10,484
At 31 December 2024 10,484
Amortisation
Amortisation for year 524
At 31 December 2024 524
Net book value
At 31 December 2024 9,960

SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

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


5. Fixed asset investments
Shares in
group
undertakings
Cost
At 1 January 2024 544,674
Disposals (116,827 )
At 31 December 2024 427,847
Net book value
At 31 December 2024 427,847
At 31 December 2023 544,674

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Daotec Limited
Registered office: UK
Nature of business: Telecommunications
%
Class of shares: holding
Ordinary 100.00

Cognas Systems S.L
Registered office: Spain
Nature of business: Digital product sales and Marketing
%
Class of shares: holding
Ordinary 95.00

6. Debtors: amounts falling due within one year
2024 2023
Other debtors 30,446 61,733

7. Creditors: amounts falling due within one year
2024 2023
Amounts owed to group undertakings 596,563 586,052
Other creditors 22,527 22,273
619,090 608,325

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value:
1,000 Ordinary £1 1,185 1,185

SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601)

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


9. Related party disclosures

At the balance sheet date the company owed Daotec Limited €596,563(2023: €586,052). Daotec Limited is a 100% owned subsidiary of Serial Ideas Limited who have a common director Peter Krapfl.

The company owed the director Peter Krapfl €20,000 (2023: €20,000) at the balance sheet date.

At the balance sheet date Accelid GmbH owed the company €Nil (2023: €27,800).

Cognas Systems S.L a connected company owed €26,578 (2022: €26,578) at the year end.