Company Registration No. 09063189 (England and Wales)
SERANKING LTD
Unaudited accounts
for the year ended 31 October 2025
SERANKING LTD
Unaudited accounts
Contents
SERANKING LTD
Company Information
for the year ended 31 October 2025
Directors
Valery Kurylau
Jason Edward Hable
Michael Scott Irwin
Viktar Kuushynau
Company Number
09063189 (England and Wales)
Registered Office
Office 2
Forest House Business Centre
8 Gainsborough Road
London
E11 1HT
United Kingdom
SERANKING LTD
Statement of financial position
as at 31 October 2025
Cash at bank and in hand
51,972
Creditors: amounts falling due within one year
(311,523)
Net current assets
2,738,691
Total assets less current liabilities
2,738,691
Creditors: amounts falling due after more than one year
(2,605,092)
Provisions for liabilities
Called up share capital
103
Profit and loss account
110,886
Shareholders' funds
110,989
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by
Viktar Kuushynau
Director
Company Registration No. 09063189
SERANKING LTD
Notes to the Accounts
for the year ended 31 October 2025
SERANKING LTD is a private company, limited by shares, registered in England and Wales, registration number 09063189. The registered office is Office 2, Forest House Business Centre, 8 Gainsborough Road, London, E11 1HT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements are prepared in US dollars, which is the functional currency of the entity. The Company's financial results are reported in Pound Sterling. Profit and loss have been computed in US dollars and translated into Pound Sterling using the average exchange rate of £1 : $1.3086.
Intangible fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible fixed assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Amortisation
Amortisation 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:
Long-term equipment - 3 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Amortisation amount has been translated into Pound Sterling using the average exchange rate of £1 : $1.3086.
SERANKING LTD
Notes to the Accounts
for the year ended 31 October 2025
Amounts falling due within one year
Amounts due from group undertakings etc.
220,083
Accrued income and prepayments
74,689
Amounts falling due after more than one year
6
Investments held as current assets
2025
Unlisted investments
15,493
7
Creditors: amounts falling due within one year
2025
Amounts owed to group undertakings and other participating interests
152,727
Taxes and social security
96,953
8
Creditors: amounts falling due after more than one year
2025
SER HOLDCO INC. and SERANKING LTD entered into a loan agreement dated 27 August 2021 to provide a loan facility of £3,233,891 under a Schedule A to the Promissory Note. Such loan accrues interest at a fixed interest rate of 5% per annum on the outstanding principal amount if it has not been paid on the date on which it is payable until such time as payment therefore is actually delivered to the Lender.
The Company has accounted for the loan under 11.8(b) of FRS 102, Debt. As such the Notes Payable and applicable accrued interest have been recorded in an expense of £260,509 for the year ended October 31, 2025.
As of October 31, 2025, repayment amounts due within one year £152,727 were recorded as current liabilities, and the remaining amount due in more than one year £ 2,605,092 as long-term liabilities.
9
Average number of employees
During the year the average number of employees was 0.