Serenegrade Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01362815 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Serenegrade Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs E J Taylor-Betts

S G Betts

REGISTERED OFFICE:

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

REGISTERED NUMBER:

01362815 (England and Wales)

ACCOUNTANTS:

Leon & Company

Chartered Accountants

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

FIXED ASSETS

Tangible assets

4

15,745

18,902

Investment property

5

2,667,000

2,682,745

2,685,902

CURRENT ASSETS

Debtors

6

58,636

-

Cash at bank

3,162

25,549

61,798

25,549

CREDITORS

Amounts falling due within one year

7

69,240

98,947

NET CURRENT LIABILITIES

(7,442

)

(73,398

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,675,303

2,612,504

CREDITORS

Amounts falling due after more than one
year

8

(25,636

)

(40,394

)

PROVISIONS FOR LIABILITIES

(182,390

)

(182,390

)

NET ASSETS

2,467,277

2,389,720

CAPITAL AND RESERVES

Called up share capital

9

100

Share premium

11,388

Non-distributable reserve

10

1,129,761

Capital redemption reserve

12

Retained earnings

1,326,016

1,248,459

SHAREHOLDERS' FUNDS

2,467,277

2,389,720

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

The members have not required the company to obtain an audit of its financial statements for the year 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 6 August 2026 and were signed on its behalf by:

S G Betts - Director

1.	STATUTORY INFORMATION

Serenegrade 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 as modified by the revaluation of certain assets.

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

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 3 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

57,996

DEPRECIATION

At 1 April 2025

39,094

Charge for year

3,157

At 31 March 2026

42,251

NET BOOK VALUE

At 31 March 2026

15,745

At 31 March 2025

18,902

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

2,667,000

NET BOOK VALUE

At 31 March 2026

2,667,000

At 31 March 2025

2,667,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2015

629,321

Valuation in 2016

(30,000

)

Valuation in 2017

3,000

Valuation in 2018

(3,500

)

Valuation in 2019

145,806

Valuation in 2020

50,000

Valuation in 2021

60,000

Valuation in 2022

110,300

Valuation in 2023

60,000

Valuation in 2025

282,500

Cost

1,359,573

2,667,000

If Investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

1,359,573

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

58,636

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

12,237

Trade creditors

1,997

-

Taxation and social security

32,532

17,886

Other creditors

22,474

68,824

69,240

98,947

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans

25,636

40,394

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

5

Ordinary A

£1

5

Ordinary B

£1

5

90

Ordinary C

£1

90

100

10.

RESERVES

Non-distributable

reserve

£

At 1 April 2025

and 31 March 2026

1,129,761

The transfer between reserves represents the reclassification of investment property valuation gains and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation gains are not available for distribution to shareholders.

Revaluations £1,307,427 less deferred tax £177,666, non-distributable reserve £1,129,761

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditor is an amount of £20 owed to the director. These loans are interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is S G Betts.

The ultimate controlling party is S G Betts.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Serenegrade Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Serenegrade Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Serenegrade Limited and state those matters that we have agreed to state to the Board of Directors of Serenegrade Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Serenegrade Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Serenegrade Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Serenegrade Limited. You consider that Serenegrade Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Serenegrade Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Leon & Company

Chartered Accountants

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

Date: .............................................