Registered number
SC644198
Soben Group (Holdings) Limited
Filleted Accounts
31 December 2022
Soben Group (Holdings) Limited
Registered number: SC644198
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 47,029 -
Investments 4 870,289 754,600
917,318 754,600
Current assets
Debtors 5 1,433,937 889,943
Cash at bank and in hand 20,273 786,543
1,454,210 1,676,486
Creditors: amounts falling due within one year 6 (760,282) (691,380)
Net current assets 693,928 985,106
Net assets 1,611,246 1,739,706
Capital and reserves
Called up share capital 7 100 100
Share premium 489,902 489,902
Profit and loss account 1,121,244 1,249,704
Shareholders' funds 1,611,246 1,739,706
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A S Smyth
Director
Approved by the board on 20 November 2023
Soben Group (Holdings) Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 55,727
At 31 December 2022 55,727
Depreciation
Charge for the year 8,698
At 31 December 2022 8,698
Net book value
At 31 December 2022 47,029
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 January 2022 754,600 - 754,600
Additions 65,689 50,000 115,689
At 31 December 2022 820,289 50,000 870,289
Interests in subsidiaries
At 31 December 2022 the company had interests in the following subsidiaries :
Subsidiaries Type of Proportion Country of
shares held held (%) incorporation
Soben Contract & Commercial Ltd Ordinary 100% Scotland
Soben Construction Consultants Ltd Ordinary 100% England
Soben North America Holdings, Inc Ordinary 100% USA
Soben North America LLC * Members funds 80% USA
Soben Canada Inc * Ordinary 100% Canada
Soben Australasia Pty Ltd Ordinary Ordinary 100% Australia
Soben CC (DE) GmbH Ordinary Ordinary 100% Germany
Soben CC (NL) B.V. Ordinary 100% The Netherlands
Soben CC Consulting India Private Limited Ordinary 100% India
Soben Mexico Lda Ordinary 100% Mexico
Soben Chile Lda Ordinary 100% Chile
Soben CC (SG) Pte. Ltd Ordinary 100% Singapore
Soben International (PVT) Ltd Ordinary 50% Sri Lanka
Soben International LLP Capital contribution 100% India
* Owned by a subsidiary
Other investments
At 31 December 2022 the company had interests in the following :
Type of Proportion Country of
shares held held (%) incorporation
FC Laboratories Ltd Ordinary 2.5% Scotland
5 Debtors 2022 2021
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,327,584 859,189
Other debtors 106,353 30,754
1,433,937 889,943
6 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 97,069 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 300,378 683,940
Other taxes and social security costs 257,332 -
Other creditors 105,503 7,440
760,282 691,380
7 Called up share capital
Allotted, called up and fully paid:
2022 2020
No. £ £
Ordinary shares of £1 each 100 100 100
At 31 December 2022 100 100
8 Other information
Soben Group (Holdings) Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
3a Orbital Court
East Kilbride
Glasgow
G74 5PH
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