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Company registration number: 03696796
Serenity Properties Limited
Unaudited filleted financial statements
31 March 2025
Serenity Properties Limited
Contents
Statement of financial position
Notes to the financial statements
Serenity Properties Limited
Statement of financial position
31 March 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 2,000,000 |  |  |  | 2,000,000 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 2,000,000 |  |  |  | 2,000,000
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 6 | 10,257 |  |  |  | 257 |  |
Cash at bank and in hand |  |  | 51,268 |  |  |  | 16,443 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 61,525 |  |  |  | 16,700 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 51,119) |  |  |  | ( 50,205) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets/(liabilities) |  |  |  |  | 10,406 |  |  |  | ( 33,505)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 2,010,406 |  |  |  | 1,966,495
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 2,087) |  |  |  | ( 12,966)
Provisions for liabilities |  |  |  |  | ( 44,786) |  |  |  | ( 44,786)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 1,963,533 |  |  |  | 1,908,743
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 1,000 |  |  |  | 1,000
Fair value reserve |  |  |  |  | 955,214 |  |  |  | 955,214
Profit and loss account |  |  |  |  | 1,007,319 |  |  |  | 952,529
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 1,963,533 |  |  |  | 1,908,743
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 August 2025 , and are signed on behalf of the board by:
Mahesh Gosrani
Director
Company registration number: 03696796
Serenity Properties Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Scottish Provident House, 3rd floor, 76 - 80 College Road, Harrow, Middlesex, HA1 1BQ. The principal activity of the company is that of property investment and related activities.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.The directors have reviewed the impact of the macro economic uncertainties on the company and consider that these are not expected to affect the company. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at fair value of consideration receivable and represents amounts receivable from lettings of investment properties, recognised on a straight-line basis over the term of the rental period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation.Investment properties are measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair values at each reporting date and any changes in fair values are recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).
5. Tangible assets

|  | Investment Property | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost / Fair Value |  |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | 2,000,000 | 2,000,000 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 March 2025 | 2,000,000 | 2,000,000 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2024 | 2,000,000 | 2,000,000 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

Investment property
The fair value of the property at 31 March 205 was £2,000,000 (2024: £2,000,000) and the fair valuation has been arrived at the balance sheet date by a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and takes into account the state of the rental market in the area where the property is situated.The historical cost of the property is £1,081,268.
6. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 257 | 257
| Other debtors |  | 10,000 | -
|  |  | _______ | _______
|  |  | 10,257 | 257
|  |  | _______ | _______

Other debtors represent a loan to a connected company, which is unsecured, interest free and was repaid on 12 August 2025.
7. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts (Note 8.) |  | 10,413 | 9,534
| Trade creditors |  | 375 | 450
| Social security and other taxes |  | 6,383 | 6,383
| Other creditors |  | 33,948 | 33,838
|  |  | _______ | _______
|  |  | 51,119 | 50,205
|  |  | _______ | _______

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

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 2,087 | 12,966
|  |  | _______ | _______

Bank loans represents an unsecured Bounce back loan which is interest bearing at 2.5% p.a. and is repayable by 2 June 2026.