Szerelmey (International) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02611643 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2020

for

SZERELMEY (INTERNATIONAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Moore

Gordon C Verhoef

Mrs C R Verhoef

REGISTERED OFFICE:

369 Kennington Lane

Vauxhall

LONDON

SE11 5QY

REGISTERED NUMBER:

02611643 (England and Wales)

AUDITORS:

Trevor Jones & Partners Ltd

Statutory Auditor

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

FIXED ASSETS

Investments

4

500,103

500,103

CURRENT ASSETS

Debtors

5

87,505

87,505

Cash at bank

22,315

23,129

109,820

110,634

CREDITORS

Amounts falling due within one year

6

16,084

16,060

NET CURRENT ASSETS

93,736

94,574

TOTAL ASSETS LESS CURRENT LIABILITIES

593,839

594,677

CAPITAL AND RESERVES

Called up share capital

450,003

450,003

Retained earnings

143,836

144,674

SHAREHOLDERS' FUNDS

593,839

594,677

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 23 September 2021 and were signed on its behalf by:

Gordon C Verhoef - Director

1.	STATUTORY INFORMATION

Szerelmey (International) 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.

Preparation of consolidated financial statements

The financial statements contain information about Szerelmey (International) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Tellisford Limited, .

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 (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2020

and 31 December 2020

500,103

NET BOOK VALUE

At 31 December 2020

500,103

At 31 December 2019

500,103

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by group undertakings

87,502

87,502

Other debtors

3

3

87,505

87,505

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed to group undertakings

15,127

15,127

Other creditors

957

933

16,084

16,060

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

The Report of the Auditors was unqualified.

C Whale (Senior Statutory Auditor)

for and on behalf of Trevor Jones & Partners Ltd

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party of the company.

9.	SUBSEQUENT EVENTS

The COVID-19 pandemic has developed rapidly in 2020, with a significant number of cases. Measures taken by various governments to contain the virus have affected economic activity. We have taken a number of measures to monitor and mitigate the effects of COVID-19, such as safety and health measures for our people (such as social distancing and working from home).

At this stage, the impact on our business and results has not been significant and based on our experience to date we expect this to remain the case. The COVID-19 pandemic closed construction sites for approximately 6 weeks and during this time the company subsidiary undertakings were unable to operate. However when construction sites reopened the subsidiary undertakings were able to recommence operations immediately and the only effect was a delay to projects in progress and the start date of some projects.

We will continue to follow the various government policies and advice and, in parallel, we will do our utmost to continue our operations in the best and safest way possible without jeopardising the health of our people.