Seren Exploration Ltd - Filleted accounts

Registered number

06817500

Seren Exploration Ltd

Filleted Accounts

31 July 2026

Seren Exploration Ltd
Registered number:		06817500
Balance Sheet
as at 31 July 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		2,254			12,879

Current assets
Debtors	4	43,632			44,247
Cash at bank and in hand		126,786			115,906
		170,418			160,153

Creditors: amounts falling due within one year	5	(550)			(550)

Net current assets			169,868			159,603

Net assets			172,122			172,482

Capital and reserves
Called up share capital			172,001			172,001
Profit and loss account			121			481

Shareholder's funds			172,122			172,482

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr C Rogers
Director
Approved by the board on 7 September 2026

Seren Exploration Ltd
Notes to the Accounts
for the period from 1 March 2025 to 31 July 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	1		1


3	Investments

Other
investments
£
	Cost
	At 1 March 2025			12,879
	Additions			315
	Disposals			(10,940)

	At 31 July 2026			2,254


4	Debtors	2026		2025
£			£

	Trade debtors	13,840		13,840
	Other debtors	29,792		30,407
		43,632		44,247


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Other creditors	550		550


6	Other information

	Seren Exploration Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	70 Cemetery Road
	Porth
	CF39 0BL