REGISTERED NUMBER: 06804427 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Sereneco Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Williams

REGISTERED OFFICE:

Second Floor, Kirkland House

11-15 Peterborough Road

Harrow

Middlesex

HA1 2AX

REGISTERED NUMBER:

06804427 (England and Wales)

AUDITORS:

Grant Harrod Lerman Davis LLP

Chartered Accountants

Statutory Auditors

Second Floor, Kirkland House

11-15 Peterborough Road

Harrow

Middlesex

HA1 2AX

FIXED ASSETS

Tangible assets

4

1

14,110

Investments

5

46,077

46,077

46,078

60,187

CURRENT ASSETS

Debtors

6

149,037

200,546

Cash at bank

72,417

53,335

221,454

253,881

CREDITORS

Amounts falling due within one year

7

(1,071,332

)

(1,192,718

)

NET CURRENT LIABILITIES

(849,878

)

(938,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(803,800

)

(878,650

)

CREDITORS

Amounts falling due after more than one year

8

-

(13,750

)

PROVISIONS FOR LIABILITIES

-

(3,218

)

NET LIABILITIES

(803,800

)

(895,618

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(803,900

)

(895,718

)

SHAREHOLDERS' FUNDS

(803,800

)

(895,618

)

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 25 July 2026 and were signed by:

T D Williams - Director

1.	STATUTORY INFORMATION

Sereneco 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

Subsequent to the year end, the Company disposed of its assets to a third party. Following this disposal, the Company ceased trading and has not undertaken any further trading activity. The Board has resolved that the Company will be placed into liquidation by the end of the next financial year.

In view of these circumstances, the directors have concluded that it is not appropriate to prepare the financial statements on a going concern basis, in accordance with FRS 102. Accordingly, the financial statements have been prepared on a basis other than that of a going concern, whereby assets are stated at their estimated realisable values and liabilities include any additional costs expected to arise as a result of the Company's liquidation. No material adjustments were required to the carrying values of assets and liabilities as a result of adopting this basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries and associates.

Investments in subsidiaries are measured at cost less accumulated impairment.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs, and are measured subsequently at amortised

cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty

on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no

more than three months from the date of acquisition and that are readily convertible to known

amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank

loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at

amortised cost using the effective interest method.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive

obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate

can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware

of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure

required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually

- associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured

reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

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 etc

-

33% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

61,128

Disposals

(19,090

)

At 31 December 2025

42,038

DEPRECIATION

At 1 January 2025

47,018

Charge for year

8,452

Eliminated on disposal

(13,433

)

At 31 December 2025

42,037

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

14,110

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

46,077

NET BOOK VALUE

At 31 December 2025

46,077

At 31 December 2024

46,077

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

41,478

21,654

Amounts owed by group undertakings

79,364

148,887

Other debtors

28,195

30,005

149,037

200,546

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,750

33,000

Trade creditors

31,702

22,331

Amounts owed to group undertakings

744,254

974,492

Taxation and social security

146,921

35,669

Other creditors

134,705

127,226

1,071,332

1,192,718

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

13,750

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Harrod (Senior Statutory Auditor)

for and on behalf of Grant Harrod Lerman Davis LLP

11.	POST BALANCE SHEET EVENTS

Following the year end, the Company entered into negotiations for the sale of the intangible and tangible assets relating to its business to a third party. This sale subsequently completed on 1 June 2026,

As this is a non-adjusting event, no adjustment has been made to the carrying value of the assets in these financial statements as at the reporting date. The directors do not consider there to be any material financial effect on the Company as a result of this transaction.

12.	ULTIMATE CONTROLLING PARTY

The parent of the smallest group for which consolidated accounts are drawn up is Enduring Ventures Inc, a company incorporated in the USA, with its registered address at 1201 Orange St Ste 600 One Commerce Center, Wilmington, DE 19801, USA

The Ultimate controlling party is Enduring Ventures Inc, a company incorporated in the USA, registered address at 1201 Orange St Ste 600 One Commerce Center, Wilmington, DE 19801, USA