The Serenity Practice Cic

Key Facts

Net Assets

Current: £122,937

Previous: £60,794

Change: +62,143 (+102.2%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £953

Previous: £4,276

Change: -£3,323 (-77.7%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: £953

Previous: £4,276

Change: -£3,323 (-77.7%)

Comment: Cash dropped sharply, indicating a major decline in liquidity.

Creditors 1 Year

Current: £123,890

Previous: £65,070

Change: +£58,820 (+90.4%)

Comment: Short‑term creditors rose sharply, indicating higher short‑term liabilities.

Net Current Assets Liabilities

Current: £953

Previous: £4,276

Change: -£3,323 (-77.7%)

Comment: Net current assets dropped sharply, indicating a major decline in working capital.

Fixed Assets

Current: Not reported

Previous: Not reported

Comment: Not reported

Turnover

Current: Not reported

Previous: Not reported

Comment: Turnover not reported for either period, which is common for micro‑entity and small business.

Employees

Current: 3

Previous: 1

Change: +2 (+200%)

Comment: Strengthening the team.