Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-3032021-12-01truefalseNo description of principal activity3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07455184 2021-12-01 2022-11-30 07455184 2020-12-01 2021-11-30 07455184 2022-11-30 07455184 2021-11-30 07455184 c:Director1 2021-12-01 2022-11-30 07455184 c:Director2 2021-12-01 2022-11-30 07455184 d:OfficeEquipment 2021-12-01 2022-11-30 07455184 d:OfficeEquipment 2022-11-30 07455184 d:OfficeEquipment 2021-11-30 07455184 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 07455184 d:ComputerEquipment 2021-12-01 2022-11-30 07455184 d:ComputerEquipment 2022-11-30 07455184 d:ComputerEquipment 2021-11-30 07455184 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 07455184 d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 07455184 d:CurrentFinancialInstruments 2022-11-30 07455184 d:CurrentFinancialInstruments 2021-11-30 07455184 d:Non-currentFinancialInstruments 2022-11-30 07455184 d:Non-currentFinancialInstruments 2021-11-30 07455184 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07455184 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 07455184 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 07455184 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 07455184 d:ShareCapital 2022-11-30 07455184 d:ShareCapital 2021-11-30 07455184 d:SharePremium 2022-11-30 07455184 d:SharePremium 2021-11-30 07455184 d:RetainedEarningsAccumulatedLosses 2022-11-30 07455184 d:RetainedEarningsAccumulatedLosses 2021-11-30 07455184 c:FRS102 2021-12-01 2022-11-30 07455184 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 07455184 c:FullAccounts 2021-12-01 2022-11-30 07455184 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 07455184 2 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 07455184









SOHO SONIC LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
SOHO SONIC LTD
REGISTERED NUMBER: 07455184

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,266
10,984

  
17,266
10,984

Current assets
  

Debtors
 5 
27,274
50,380

Cash at bank and in hand
 6 
192,014
127,054

  
219,288
177,434

Creditors: amounts falling due within one year
 7 
(75,616)
(40,822)

Net current assets
  
 
 
143,672
 
 
136,612

Total assets less current liabilities
  
160,938
147,596

Creditors: amounts falling due after more than one year
 8 
-
(34,000)

  

Net assets
  
160,938
113,596


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
10,950
10,950

Profit and loss account
  
149,888
102,546

  
160,938
113,596


Page 1

 
SOHO SONIC LTD
REGISTERED NUMBER: 07455184
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Y Fridel
................................................
O A Shabi
Director
Director


Date: 29 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SOHO SONIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

Soho Sonic Ltd is a private company limited by shares. The company is incorporated in England and Wales, and the address of its registered office is Golderbrock House, 15/19 Great Titchfield Street, London, W1W 8AZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SOHO SONIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SOHO SONIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

Page 5

 
SOHO SONIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 December 2021
21,759
50,733
72,492


Additions
826
10,093
10,919



At 30 November 2022

22,585
60,826
83,411



Depreciation


At 1 December 2021
20,247
41,261
61,508


Charge for the year on owned assets
579
4,058
4,637



At 30 November 2022

20,826
45,319
66,145



Net book value



At 30 November 2022
1,759
15,507
17,266



At 30 November 2021
1,512
9,472
10,984


5.


Debtors

2022
2021
£
£



Trade debtors
27,274
28,867

Other debtors
-
21,513

27,274
50,380



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
192,014
127,054

192,014
127,054


Page 6

 
SOHO SONIC LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
-
1,211

Corporation tax
14,432
14,888

Other taxation and social security
27,421
21,525

Other creditors
31,763
3,198

Accruals and deferred income
2,000
-

75,616
40,822



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
-
34,000

-
34,000



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £383 (2021 - £NIL) .

 
Page 7