REGISTERED NUMBER: 08315907 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Spar Serena Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A R Alici

REGISTERED OFFICE:

12 Sunny Hollow

Newcastle

ST5 0RW

REGISTERED NUMBER:

08315907 (England and Wales)

ACCOUNTANTS:

Hasan Y Musalar

International Accountant &Tax Consultant

FAIA, FFA, FIPA,,FFTA

536 Lordship Lane

London

N22 5BY

FIXED ASSETS

Tangible assets

4

182,173

180,601

CURRENT ASSETS

Stocks

5

51,163

50,013

Debtors

6

-

14

Cash at bank and in hand

9,473

46,354

60,636

96,381

CREDITORS

Amounts falling due within one year

7

18,526

21,756

NET CURRENT ASSETS

42,110

74,625

TOTAL ASSETS LESS CURRENT LIABILITIES

224,283

255,226

CREDITORS

Amounts falling due after more than one year

8

88,007

106,000

NET ASSETS

136,276

149,226

CAPITAL AND RESERVES

Called up share capital

10

25,000

25,000

Retained earnings

11

111,276

124,226

SHAREHOLDERS' FUNDS

136,276

149,226

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 17 September 2025 and were signed by:

A R Alici - Director

1.	STATUTORY INFORMATION

Spar Serena Limited 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.

Turnover

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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2024

180,600

118,412

299,012

Additions

-

1,965

1,965

At 31 December 2024

180,600

120,377

300,977

DEPRECIATION

At 1 January 2024

-

118,411

118,411

Charge for year

-

393

393

At 31 December 2024

-

118,804

118,804

NET BOOK VALUE

At 31 December 2024

180,600

1,573

182,173

At 31 December 2023

180,600

1

180,601

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

51,163

50,013

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

VAT

-

14

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

8,081

8,784

Trade creditors

1,252

4,500

Tax

8,322

8,472

VAT

871

-

18,526

21,756

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 9)

20,000

30,000

Other loans (see note 9)

68,007

76,000

88,007

106,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

20,000

30,000

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

8,081

8,784

Amounts falling due between one and two years:

Other loans - 1-2 years

68,007

76,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

20,000

30,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

25,000

Ordinary shares class A

1.00

25,000

25,000

11.

RESERVES

Retained

earnings

£

At 1 January 2024

124,226

Profit for the year

37,050

Dividends

(50,000

)

At 31 December 2024

111,276

12.	ULTIMATE CONTROLLING PARTY

From the date of incorporation Mr Alici has controlled the company by virtue of a 100% shareholding.