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Registration number: 13883541

So Be It Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 31 January 2022 to 31 January 2023

 

So Be It Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

So Be It Holdings Limited

Company Information

Directors

AJ Baldry

M C Baldry

Registered office

59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

Accountants

Jacobs Allen Limited
Chareterd Accountants and Chartered Tax Advisers
59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

 

So Be It Holdings Limited

(Registration number: 13883541)
Balance Sheet as at 31 January 2023

Note

2023
£

Fixed assets

 

Investments

4

10,650

Capital and reserves

 

Called up share capital

5

10,650

Shareholders' funds

 

10,650

For the financial period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 October 2023 and signed on its behalf by:
 

.........................................
AJ Baldry
Director

 

So Be It Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 31 January 2022 to 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
59 Abbeygate Street
Bury St. Edmunds
Suffolk
IP33 1LB

The principal place of business is:
Station House
Station Yard
Bentley
Ipswich
Suffolk
IP9 2DB

These financial statements were authorised for issue by the Board on 20 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is the parent company of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts. These accounts therefore relate to this individual company only..

Disclosure of long or short period

This is the first financial statements since incorporation and represents a period more than one year.

Going concern

The financial statements have been prepared on a going concern basis.

 

So Be It Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 31 January 2022 to 31 January 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investments

2023
£

Investments in subsidiaries

10,650

Subsidiaries

£

Cost or valuation

Additions

10,650

Provision

Carrying amount

At 31 January 2023

10,650

 

So Be It Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 31 January 2022 to 31 January 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares class A of £1 each

10,450

10,450

Ordinary shares class B of £1 each

100

100

Ordinary shares class C of £1 each

100

100

 

10,650

10,650

During the period shares of 10,450 ordinary class A, 100 ordinary class B and 100 ordinary class C were issued, all of which have a consideration of £1 each.