| REGISTERED NUMBER: |
| SERIAL IDEAS LTD |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| Accountants: |
| 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. |
| New Derwent House |
| 69-73 Theobalds Road |
| London |
| WC1X 8TA |
| SERIAL IDEAS LTD (REGISTERED NUMBER: 08784601) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | € | € |
| Fixed assets |
| Intangible assets | 4 |
| Investments | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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 were approved by the director and authorised for issue on |
| 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 |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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. |
| 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 |
| 4. | Intangible fixed assets |
| Patents and |
| licences |
| € |
| Cost |
| Additions |
| At 31 December 2024 |
| Amortisation |
| Amortisation for year |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| 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 |
| Disposals | ( |
) |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| At 31 December 2023 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: UK |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Spain |
| Nature of business: |
| % |
| Class of shares: | holding |
| 6. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| € | € |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| € | € |
| Amounts owed to group undertakings |
| Other creditors |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | € | € |
| 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. |