RILEY SEROLA LTD

Company Registration Number:
14873093 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

RILEY SEROLA LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

RILEY SEROLA LTD

Company Information

for the Period Ended 31 December 2024




Director: Felix
Tolani
Registered office: 82a
James Carter Road
Mildenhall
Suffolk
GBR
IP28 7DE
Company Registration Number: 14873093 (England and Wales)

RILEY SEROLA LTD

Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

The principal activity of the company during the year was providing marketing material to businesses operating within the hospitality industry. The company also undertook a small amount of wedding photography activity during the year.

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
Felix
Tolani

This report was approved by the board of directors on 25 August 2025
And Signed On Behalf Of The Board By:

Name: Felix
Status: Director

RILEY SEROLA LTD

Profit and Loss Account

for the Period Ended 31 December 2024


Notes

2024
£
8 months to
31 Dec 2023
£
Turnover 942 74
Cost of sales ( 412 ) ( 38 )
Gross Profit or (Loss) 530 36
Income from coronavirus (COVID-19) business support grants 0 0
Administrative Expenses ( 2,928 ) ( 4,377 )
Operating Profit or (Loss) ( 2,398 ) ( 4,341 )
Profit or (Loss) Before Tax ( 2,398 ) ( 4,341 )
Tax on Profit 241 1,749
Profit or (Loss) for Period ( 2,157 ) ( 2,592 )

The notes form part of these financial statements

RILEY SEROLA LTD

Balance sheet

As at 31 December 2024


Notes

2024
£
8 months to
31 Dec 2023
£
Fixed assets
Intangible assets: 4 133 167
Tangible assets: 5 4,251 5,313
Total fixed assets: 4,384 5,480
Current assets
Debtors: 6 2,463 1,823
Cash at bank and in hand: 68 0
Total current assets: 2,531 1,823
Net current assets (liabilities): 2,531 1,823
Total assets less current liabilities: 6,915 7,303
Creditors: amounts falling due after more than one year: 7 ( 11,564 ) ( 9,795 )
Total net assets (liabilities): ( 4,649 ) ( 2,492 )

The notes form part of these financial statements

RILEY SEROLA LTD

Balance sheet continued

As at 31 December 2024


Notes

2024
£
8 months to
31 Dec 2023
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 8 ( 2,592 ) 0
Profit and loss account: ( 2,157 ) ( 2,592 )
Shareholders funds: ( 4,649 ) ( 2,492 )

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 25 August 2025
And Signed On Behalf Of The Board By:

Name: Felix
Status: Director

The notes form part of these financial statements

RILEY SEROLA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible assets are recognised at cost less accumulated depreciation. The cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use.

    Intangible fixed assets amortisation policy

    Intangible assets are recognised at cost less accumulated amortisation. The cost includes the original acquisition cost of the asset plus any directly attributable costs essential to making the asset capable of operating as intended.

RILEY SEROLA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024
    8 months to
    31 Dec 2023
    Average number of employees during the period 2 2

    The average number of employees during the year was 2, being the directors (2023: 2)

RILEY SEROLA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

RILEY SEROLA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Intangible assets

Other Total
Cost £ £
At 01 January 2024 250 250
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2024 250 250
Amortisation
Amortisation at 01 January 2024 83 83
Charge for year 34 34
On disposals - -
Other adjustments - -
Amortisation at 31 December 2024 117 117
Net book value
Net book value at 31 December 2024 133 133
Net book value at 31 December 2023 167 167

RILEY SEROLA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Tangible assets

Plant & machinery Office equipment Total
Cost £ £ £
At 01 January 2024 5,922 2,121 8,043
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 December 2024 5,922 2,121 8,043
Depreciation
At 01 January 2024 1,954 776 2,730
Charge for year 793 269 1,062
On disposals - - -
Other adjustments - - -
At 31 December 2024 2,747 1,045 3,792
Net book value
At 31 December 2024 3,175 1,076 4,251
At 31 December 2023 3,968 1,345 5,313

RILEY SEROLA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors


2024
£
8 months to
31 Dec 2023
£
Trade debtors 473 74
Other debtors 1,990 1,749
Total 2,463 1,823

Deferred Tax Asset is included. Brought forward figure of £1,748.46 and a charge for the period of £241 leading to a carried over value of £1,989.40

RILEY SEROLA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7.Creditors: amounts falling due after more than one year


2024
£
8 months to
31 Dec 2023
£
Other creditors 11,564 9,795
Total 11,564 9,795

RILEY SEROLA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Revaluation reserve


2024
£
Balance at 01 January 2024 0
Surplus or deficit after revaluation ( 2,592 )
Balance at 31 December 2024 ( 2,592 )