Seraphim Accommodation Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04963627

Seraphim Accommodation Services Limited

Filleted Unaudited Financial Statements

31 March 2025

Seraphim Accommodation Services Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	1

Balance sheet	2 to 3

Notes to the financial statements	4 to 8

Seraphim Accommodation Services Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Seraphim Accommodation Services Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seraphim Accommodation Services Limited for the year ended 31 March 2025, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Seraphim Accommodation Services Limited, as a body, in accordance with the terms of our engagement letter dated 27 August 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Seraphim Accommodation Services Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seraphim Accommodation Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Seraphim Accommodation Services Limited 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 profit of Seraphim Accommodation Services Limited. You consider that Seraphim Accommodation Services Limited 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 Seraphim Accommodation Services Limited. 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.

MILLER DAVIES LLP Chartered accountants

A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN

9 September 2025

Seraphim Accommodation Services Limited

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		25,525	436,782

Current assets

Debtors	6	1,226,671	745,847
Cash at bank and in hand		101,414	75,478
		------------	---------
		1,328,085	821,325

Creditors: amounts falling due within one year	7	77,711		603,485
		------------		---------
Net current assets			1,250,374	217,840
			------------	---------
Total assets less current liabilities			1,275,899	654,622

Creditors: amounts falling due after more than one year	8	36,493	41,990
		------------	---------
Net assets		1,239,406	612,632
		------------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,239,306	612,532
	------------	---------
Shareholders funds	1,239,406	612,632
	------------	---------

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 profit and loss account has not been delivered.

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 .

Seraphim Accommodation Services Limited

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr R. S. Nathaniel	Mrs S. K. Nathaniel
Director	Director

Company registration number: 04963627

Seraphim Accommodation Services 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 A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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 measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Integral features	-	10% straight line
Properties fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Office furniture and equipment	-	25% straight line
Freehold property and improvements	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. Tangible assets

	Integral features	Property fixtures and fittings	Motor vehicles	Office furniture and equipment	Freehold property and improvements	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	69,908	101,321	79,342	61,882	506,036	818,489
Additions	–	274	–	2,838	–	3,112
Disposals	–	( 9,570)	–	( 700)	( 397,916)	( 408,186)
	--------	---------	--------	--------	---------	---------
At 31 Mar 2025	69,908	92,025	79,342	64,020	108,120	413,415
	--------	---------	--------	--------	---------	---------
Depreciation
At 1 Apr 2024	69,908	100,767	37,336	60,864	112,832	381,707
Charge for the year	–	622	19,835	1,152	444	22,053
Disposals	–	( 9,570)	–	( 700)	( 5,600)	( 15,870)
	--------	---------	--------	--------	---------	---------
At 31 Mar 2025	69,908	91,819	57,171	61,316	107,676	387,890
	--------	---------	--------	--------	---------	---------
Carrying amount
At 31 Mar 2025	–	206	22,171	2,704	444	25,525
	--------	---------	--------	--------	---------	---------
At 31 Mar 2024	–	554	42,006	1,018	393,204	436,782
	--------	---------	--------	--------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	70,925	71,905
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,136,673	576,077
Other debtors	19,073	97,865
	------------	---------
	1,226,671	745,847
	------------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	550,722
Trade creditors	13,575	10,306
Corporation tax	26,305	11,138
Social security and other taxes	10,300	5,294
Other creditors	27,531	26,025
	--------	---------
	77,711	603,485
	--------	---------

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

	2025	2024
	£	£
Other creditors	36,493	41,990
	--------	--------

The bank loan in Seraphim Property Investments Limited, part of the same group, is secured against the assets of Seraphim Accommodation Services Limited .

9. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	5,497	5,497
Later than 1 year and not later than 5 years	36,493	41,990
	--------	--------
	41,990	47,487
	--------	--------

10. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	1,316,488	810,775
	------------	---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	77,700	629,143
	--------	---------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	394,631	11,860
Later than 1 year and not later than 5 years	1,173,000	6,917
	------------	--------
	1,567,631	18,777
	------------	--------

12. Related party transactions

During the year the company received £7,334 (2024 - £25,528) of the inter-company debt owed by Seraphim Business Services Limited. A company in the same group as Seraphim Accommodation Services Limited . At the year end this debt was written off. (2024 - £58,203). During the year the company loaned £312,098 (2024 - £363,500) to Seraphim Group UK Limited, the holding company of Seraphim Accommodation Services Limited . At the year end the total loan stood at £666,425 (2024 - £513,500). During the year the company was loaned £470,249 (2024 - £Nil) from Seraphim Property Investments Limited. A company in the same group as Seraphim Accommodation Services Limited . At the year end the total loan stood at £470,249 (2024 - £Nil). The company also paid rent to Seraphim Property Investments Limited totalling £391,000 during the year (2024 - £Nil). The properties are on a lease until early 2029. Seraphim Accommodation Services Limited is required, under the terms of the lease, to maintain the properties to avoid any reduction in their value.

13. Controlling party

The company's ultimate parent company is Seraphim Group UK Limited, a company incorporated in England and Wales.