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REGISTERED NUMBER: 04404562 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Soane Restorations Limited

Soane Restorations Limited (Registered number: 04404562)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Soane Restorations Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Miss L J Hearsum
Mrs J T Hearsum
S.J Price





SECRETARY: Mrs J T Hearsum





REGISTERED OFFICE: Pembroke Lodge
Richmond Park
Richmond
Surrey
TW10 5HX





REGISTERED NUMBER: 04404562 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE

Soane Restorations Limited (Registered number: 04404562)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 400,000 400,000

CURRENT ASSETS
Debtors 5 68,038 100
Cash at bank 100,566 11,563
168,604 11,663
CREDITORS
Amounts falling due within one year 6 418,504 411,563
NET CURRENT LIABILITIES (249,900 ) (399,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,100

100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 150,000 -
SHAREHOLDERS' FUNDS 8 150,100 100

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

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

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 11 December 2023 and were signed on its behalf by:





Miss L J Hearsum - Director


Soane Restorations Limited (Registered number: 04404562)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Soane Restorations 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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Soane Restorations Limited (Registered number: 04404562)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 400,000
NET BOOK VALUE
At 31 March 2023 400,000
At 31 March 2022 400,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 68,038 -
Other debtors - 100
68,038 100

The amounts owed by group undertakings are owed from The Hearsum Family Limited.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 400,000 407,435
Taxation and social security 13,455 1,540
Other creditors 5,049 2,588
418,504 411,563

The amounts owed to group undertakings are owed to The Hearsum Family Limited.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.

The ultimate controlling party until 7 April 2021 was Mr D.P Hearsum. In the period since 7 April 2021 there is no single controlling party, the company is jointly controlled by the three directors, who own all of the issued shares.

8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.3.23 31.3.22
£    £   
Profit for the financial year 157,500 -
Dividends (7,500 ) -
150,000 -
Share capital brought forward March 21 - 100
Net addition to shareholders' funds 150,000 100
Opening shareholders' funds 100 -
Closing shareholders' funds 150,100 100

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Soane Restorations Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Soane Restorations Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Soane Restorations Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Soane Restorations Limited and state those matters that we have agreed to state to the Board of Directors of Soane Restorations Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Soane Restorations Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Soane Restorations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Soane Restorations Limited. You consider that Soane Restorations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Soane Restorations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE


11 December 2023