REGISTERED NUMBER: 15995594 (England and Wales)

Financial Statements for the Period 3 October 2024 to 31 March 2026

for

Serpentine Sushi Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

S R Currie

P Currie

Registered office:

34 Highfields Road

Caldecote

Cambridge

United Kingdom

CB23 7NX

Registered number:

15995594 (England and Wales)

Accountants:

Peter Reed Financial Services

Unit 8a

The Mount

High Street

Toft

Cambridgeshire

CB23 2RL

Fixed assets

Intangible assets

4

42,917

Tangible assets

5

2,103

45,020

Current assets

Debtors

6

50,475

Cash at bank

23,306

73,781

Creditors

Amounts falling due within one year

7

50,871

Net current assets

22,910

Total assets less current liabilities

67,930

Provisions for liabilities

526

Net assets

67,404

Capital and reserves

Called up share capital

2

Retained earnings

67,402

67,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

S R Currie - Director

1.	STATUTORY INFORMATION

Serpentine Sushi 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise cost are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Office equipment

-

33% on cost

Taxation

Taxation for the period 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 period 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.

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 period was 6 .

4.	INTANGIBLE FIXED ASSETS

Franchise

cost

£

COST

Additions

50,000

At 31 March 2026

50,000

AMORTISATION

Amortisation for period

7,083

At 31 March 2026

7,083

NET BOOK VALUE

At 31 March 2026

42,917

5.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

Additions

932

2,206

3,138

At 31 March 2026

932

2,206

3,138

DEPRECIATION

Charge for period

206

829

1,035

At 31 March 2026

206

829

1,035

NET BOOK VALUE

At 31 March 2026

726

1,377

2,103

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

40,033

Other debtors

2

VAT

10,440

50,475

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

10,613

Tax

19,107

Social security and other taxes

3,041

Other creditors

2,487

Accrued expenses

15,623

50,871