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REGISTERED NUMBER: 09728428 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SIOCHI LIMITED

SIOCHI LIMITED (REGISTERED NUMBER: 09728428)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIOCHI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mrs L D Heneghan
B J Heneghan





REGISTERED OFFICE: 25 St Thomas Street
Winchester
United Kingdom
Hampshire
SO23 9HJ





REGISTERED NUMBER: 09728428 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

SIOCHI LIMITED (REGISTERED NUMBER: 09728428)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,628 17,644
Investment property 5 2,500,256 2,500,256
2,523,884 2,517,900

CURRENT ASSETS
Stocks - 1,080
Debtors 6 29,176 24,532
Cash at bank 49,988 31,013
79,164 56,625
CREDITORS
Amounts falling due within one year 7 1,543,141 1,590,136
NET CURRENT LIABILITIES (1,463,977 ) (1,533,511 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,059,907

984,389

PROVISIONS FOR LIABILITIES 161,500 161,500
NET ASSETS 898,407 822,889

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 688,500 688,500
Retained earnings 209,807 134,289
SHAREHOLDERS' FUNDS 898,407 822,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

SIOCHI LIMITED (REGISTERED NUMBER: 09728428)

BALANCE SHEET - continued
31 JANUARY 2023


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 October 2023 and were signed on its behalf by:




B J Heneghan - Director



Mrs L D Heneghan - Director


SIOCHI LIMITED (REGISTERED NUMBER: 09728428)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Siochi 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2022 - 2 ) .

SIOCHI LIMITED (REGISTERED NUMBER: 09728428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 34,010
Additions 14,404
Disposals (875 )
At 31 January 2023 47,539
DEPRECIATION
At 1 February 2022 16,366
Charge for year 8,128
Eliminated on disposal (583 )
At 31 January 2023 23,911
NET BOOK VALUE
At 31 January 2023 23,628
At 31 January 2022 17,644

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 February 2022
and 31 January 2023 2,500,256
NET BOOK VALUE
At 31 January 2023 2,500,256
At 31 January 2022 2,500,256

Cost or valuation at 31 January 2023 is represented by:
£   
Valuation in 2021 850,000
Cost 1,650,256
2,500,256

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 23,970 18,052
Other debtors 5,206 6,480
29,176 24,532

SIOCHI LIMITED (REGISTERED NUMBER: 09728428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 123,123 149,677
Trade creditors 137,726 149,658
Taxation and social security 20,254 13,753
Other creditors 1,262,038 1,277,048
1,543,141 1,590,136

8. RESERVES
Fair
value
reserve
£   
At 1 February 2022
and 31 January 2023 688,500