SERL Holdings Ltd - Limited company accounts 23.2

REGISTERED NUMBER: 11934743 (England and Wales)

SERL HOLDINGS LTD

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2023

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

R Rabone

P R Featherstone

D S South

C E Featherstone

S L South

R J Fletcher

SECRETARY:

R Birtles

REGISTERED OFFICE:

In-tend House

74 High Street

Maltby

Rotherham

S66 7BN

REGISTERED NUMBER:

11934743 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 30 April 2023.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2022 to the date of this report.

R Rabone

P R Featherstone

D S South

C E Featherstone

S L South

R J Fletcher

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S L South - Director

28 November 2023

TURNOVER

-

Administrative expenses

2,615

5,568

OPERATING LOSS

(2,615

)

(5,568

)

Income from shares in group undertakings

100,080

PROFIT BEFORE TAXATION

97,465

94,512

Tax on profit

(8

)

-

PROFIT FOR THE FINANCIAL YEAR

97,473

94,512

FIXED ASSETS

Investments

4

187,087

CURRENT ASSETS

Debtors

5

44,869

22,464

CREDITORS

Amounts falling due within one year

6

-

8

NET CURRENT ASSETS

44,869

22,456

TOTAL ASSETS LESS CURRENT
LIABILITIES

231,956

209,543

CAPITAL AND RESERVES

Called up share capital

115,000

Retained earnings

116,956

94,543

231,956

209,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:

S L South - Director

1.	STATUTORY INFORMATION

SERL Holdings Ltd 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 May 2022

and 30 April 2023

187,087

NET BOOK VALUE

At 30 April 2023

187,087

At 30 April 2022

187,087

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Amounts owed by group undertakings

44,869

22,464

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Taxation and social security

-

8