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Registration number: 09648756

Sound Interiors Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Sound Interiors Management Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Sound Interiors Management Limited

(Registration number: 09648756)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

822,875

822,875

Current assets

 

Debtors

5

100

100

Creditors: Amounts falling due within one year

6

(532,595)

(532,595)

Net current liabilities

 

(532,495)

(532,495)

Net assets

 

290,380

290,380

Capital and reserves

 

Called up share capital

100

100

Retained earnings

290,280

290,280

Shareholders' funds

 

290,380

290,380

For the financial year ending 30 June 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 year 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 25 September 2023 and signed on its behalf by:
 

.........................................
P Hather
Director

 

Sound Interiors Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital incorporated in United Kingdom and the company registration number is 09648756.

The address of its registered office is:
4 Levens Road
Newby Road Industrial Estate
Hazel Grove
Stockport
Cheshire
SK7 5DL

These financial statements were authorised for issue by the Board on 25 September 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

These financial statements cover the individual entity only.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Group accounts not prepared

The company is part 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..

Going concern

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

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.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2022 - 3).

 

Sound Interiors Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

822,875

822,875

Subsidiaries

£

Fair value

At 1 July 2022

822,875

At 30 June 2023

822,875

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Sound Interiors Holdings Limited

4 Levens Road
Newby Road Industrial Estate
Hazel Grove
Stockport
SK7 5DL

United Kingdom

Ordinary shares

100%

100%

Sound Interiors Holdings Limited holds 100% of the share capital of Sound Interiors Limited whose principal activity is the installation of interior walls and ceilings.

Subsidiary undertakings

Sound Interiors Holdings Limited

The principal activity of Sound Interiors Holdings Limited is Property management.

5

Debtors

2023
£

2022
£

Other debtors

100

100

Total current trade and other debtors

100

100

 

Sound Interiors Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

532,595

532,595

7

Related party transactions

Dividends paid
Dividends paid during the year totalled £158,123 (2022: £99,793).

Summary of transactions with all subsidiaries
The company has taken advantage of the exemption in section 33 of FRS 102 'Related Party Disclosures' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.