Company registration number 15765510 (England and Wales)
SERIUN HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
SERIUN HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
SERIUN HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investments
4
9,673,363
Current assets
Debtors
6
819,742
Cash at bank and in hand
7,771
827,513
Creditors: amounts falling due within one year
7
(998,340)
Net current liabilities
(170,827)
Total assets less current liabilities
9,502,536
Creditors: amounts falling due after more than one year
8
(800,008)
Net assets
8,702,528
Capital and reserves
Called up share capital
9
5,508,750
Profit and loss reserves
3,193,778
Total equity
8,702,528

For the financial period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 March 2026 and are signed on its behalf by:
Mr R M Lee
Director
Company registration number 15765510 (England and Wales)
SERIUN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 2 -
1
Accounting policies
Company information

Seriun Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5, AMS Technology Park, Billington Road, Burnley, Lancashire, BB11 5UB.

1.1
Reporting period

The accounting period is for the long period from the company's incorporation to 31 October 2025.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

The company is reliant upon support provided to it by group undertakings to ensure that it can meet its liabilities as they fall due. The directors have confirmed that this support will continue to be provided for the foreseeable future and therefore have adopted the going concern basis of accounting in preparing the financial statements.true

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SERIUN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

SERIUN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
2
4
Fixed asset investments
2025
£
Shares in group undertakings and participating interests
9,673,363
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 6 June 2024
-
Additions
9,673,363
At 31 October 2025
9,673,363
Carrying amount
At 31 October 2025
9,673,363
5
Subsidiaries

Details of the company's subsidiaries at 31 October 2025 are as follows:

SERIUN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
5
Subsidiaries
(Continued)
- 5 -
Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Seriun Limited
1
Ordinary
100.00
-
Seriun Consultancy Limited
1
Ordinary
0
100.00
Serin Communications Limited
1
Ordinary
0
100.00
Inpowa Limited
2
Ordinary
0
100.00

Registered office addresses (all UK unless otherwise indicated):

1
Unit 5, AMS Technology Park, Billington Road, Burnley, Lancashire BB11 5UB
2
Unit 9 Vantage Court, Riverside Way, Barrowford, Lancashire BB9 6BP
6
Debtors
2025
Amounts falling due within one year:
£
Amounts owed by group undertakings
819,742
7
Creditors: amounts falling due within one year
2025
£
Bank loans
399,996
Amounts owed to group undertakings
595,343
Other creditors
3,001
998,340
8
Creditors: amounts falling due after more than one year
2025
£
Bank loans and overdrafts
800,008

The bank loan is secured by a fixed and floating charge over all property or undertaking of the company.

9
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
10,000
10,000
SERIUN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
9
Called up share capital
(Continued)
- 6 -
2025
2025
Preference share capital
Number
£
Issued and fully paid
Preference shares of £1 each
5,498,750
5,498,750
Preference shares classified as equity
5,498,750
Total equity share capital
5,508,750

On incorporation on 6 June 2024 1 Ordinary £1 share was issued.

Subsequently, on 24 October 2024, a further 9,999 Ordinary £1 shares were issued to shareholders, at the time of the company's acquisition of its subsidiary company, Seriun Ltd.

In addition, on 24 October 2024, 5,498,750 £1 preference shares were issued in the company. The preference shares do not carry any entitlement to dividends, are non-voting, and are non-redeemable.

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