The Serenity Collective Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11628869 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

The Serenity Collective Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C Weeks

Mr C Thompson

Mr J Squibb

SECRETARY:

REGISTERED OFFICE:

76 Capel Road

Barnet

United Kingdom

EN4 8JF

REGISTERED NUMBER:

11628869 (England and Wales)

ACCOUNTANTS:

Chesterton House Accounting Services LLP

2-3 Rectory Place

Loughborough

Leicestershire

LE11 1UW

FIXED ASSETS

Investments

4

2,634,999

2,610,553

CURRENT ASSETS

Debtors

5

-

717

Cash at bank

173,110

63,366

173,110

64,083

CREDITORS

Amounts falling due within one year

6

340,128

258,246

NET CURRENT LIABILITIES

(167,018

)

(194,163

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,467,981

2,416,390

CREDITORS

Amounts falling due after more than one year

7

1,598,742

1,923,765

NET ASSETS

869,239

492,625

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

868,939

492,325

869,239

492,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 10 May 2021 and were signed on its behalf by:

Ms C Weeks - Director

1.	STATUTORY INFORMATION

The Serenity Collective 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 3 (2020 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 April 2020

2,610,553

Additions

24,546

Disposals

(100

)

At 31 March 2021

2,634,999

NET BOOK VALUE

At 31 March 2021

2,634,999

At 31 March 2020

2,610,553

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

-

717

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other creditors

340,128

258,246

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Other creditors

1,598,742

1,923,765