Serenity Estates Limited,Ltd - AccountsLtd - Accounts

Serenity Estates Limited,Ltd - AccountsLtd - Accounts

SERENITY ESTATES LIMITED - Company Information

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2017-01-01 05697995 2017-12-31 05697995 2017-01-01 2017-12-31 05697995 2016-12-31 05697995 2016-01-01 2016-12-31 05697995 uk-core:WithinOneYear 2016-12-31 05697995 uk-core:WithinOneYear 2017-12-31 05697995 uk-core:ShareCapital 2017-12-31 05697995 uk-core:ShareCapital 2016-12-31 05697995 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 05697995 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 05697995 uk-bus:Director1 2017-01-01 2017-12-31 05697995 uk-core:Buildings 2017-01-01 2017-12-31 05697995 uk-core:MotorCars 2017-01-01 2017-12-31 05697995 uk-core:FurnitureFittings 2017-01-01 2017-12-31 iso4217:GBP 05697995 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 05697995 uk-bus:FRS102 2017-01-01 2017-12-31 05697995 uk-bus:FullAccounts 2017-01-01 2017-12-31 05697995 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
Serenity Estates Limited
Registered Number:05697995
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2017
Serenity Estates Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 December 2017
Serenity Estates Limited
Statement of Financial Position
Registered Number :
05697995
£
£
2016
2017
Notes
Fixed assets
3
699,121
-
Investment property
699,121
-
Current assets
Trade and other receivables
23,503
9,350
4
120,201
Cash and cash equivalents
44,983
54,333
143,704
Trade and other payables: amounts falling due within one
year
(138,495)
(748,135)
5
5,209
(693,802)
Net current liabilities
Total assets less current liabilities
5,319
5,209
5,319
Net assets
5,209
Capital and reserves
Called up share capital
10
10
Retained earnings
5,309
5,199
5,319
5,209
Shareholders' funds
For the year ended 31 December 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Pier Hausemer Director
These financial statements were approved and authorised for issue by the Board on 25 September 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2017
Serenity Estates Limited
Notes to the Financial Statements
Statutory Information
Serenity Estates Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05697995.
Principal place of business:
Volpoint House
Blakey Road
Salisbury
Wiltshire
SP1 2JG
Registered address:
The Old Bakery
Townsend
Pitton
Salisbury
SP5 1DH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Revenue represents rents receivable, net of value added tax, from the letting of commercial property.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
33% Per annum on cost
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures and fittings
Investment property
Investment property is initially shown at cost on purchase and updated periodically to the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 December 2017
Serenity Estates Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 January 2017
10,938
Disposals
(10,938)
At 31 December 2017
-
Provision for depreciation and impairment
At 01 January 2017
10,938
(10,938)
On disposal
At 31 December 2017
-
At 31 December 2017
Net book value
-
At 31 December 2016
-
3. Investment property
Total
£
Fair value
Additions
699,121
At 31 December 2017
699,121
Net book value
At 31 December 2017
699,121
4. Trade and other receivables
2016
2017
£
£
Other debtors
9,350
23,503
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
2,649
-
Other creditors
745,486
138,495
748,135
138,495
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6
For the year ended 31 December 2017
Serenity Estates Limited
Notes to the Financial Statements Continued
6. Related party transactions
Included within other debtors as at 31 December 2017 is an amount of £8,685 (2016: £9,690) owed to Bodywise
Pilates Ltd. The directors Mr R Coppock, Ms L Coppock and Mr P Hausemer are also all directors of Bodywise
Pilates Ltd.
Included within other debtors as at 31 December 2017 is an amount of £665 (2016: £665) owed to Bodywise Pilates
Teacher Training Ltd. The directors Mr R Coppock, Ms L Coppock and Mr P Hausemer are also all directors of
Bodywise Pilates Ltd.
Included within other creditors in an amount of £180,000 owed to Mr R Coppock (director). Interest is paid at a rate
of 2.5% per annum on this loan and chargeable to the profit & loss account when due.
Included within other creditors is an amount of £400,000 owed to Leila Coppock (director) and Pier Hausemer
(director). Interest is paid at a rate of 6.825% per annum on this loan and chargeable to the profit & loss account
when due.
7. Average number of persons employed
During the year the average number of employees was 0
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