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Societas Capital NW Limited
 
Date of Incorporation
19 May 2022
 
Unaudited Financial Statements
 
for the financial period ended 31 December 2022
Societas Capital NW Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Avias Hussain (Appointed 19 May 2022)
Ronald Edward Garrett (Appointed 18 July 2022)
 
 
Company Registration Number 14118282
 
 
Registered Office and Business Address Unit 13 Clarence Avenue
Trafford Park
Manchester
M17 1QS
England
 
 
Accountants Quarter
Chartered Accountants
St.Annes House
Cathedral Quarter
15 Church Street
Belfast
BT1 1PG
 
 
Bankers HSBC UK
  99 High Street
  Chelmsford Essex
  CM1 1EQ



Societas Capital NW Limited

CHARTERED ACCOUNTANTS' REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of Societas Capital NW Limited
for the financial period ended 31 December 2022
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial period ended 31 December 2022 as set out on pages  to 9 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of Societas Capital NW Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the balance sheet for the period ended 31 December 2022 your duty to ensure that Societas Capital NW 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 loss of Societas Capital NW Limited. You consider that Societas Capital NW Limited is exempt from the statutory audit requirement for the financial period.
 
We have not been instructed to carry out an audit or a review of the financial statements of Societas Capital NW Limited. For this reason, we have not verified the adequacy, 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.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St.Annes House
Cathedral Quarter
15 Church Street
Belfast
BT1 1PG
 
18 April 2024



Societas Capital NW Limited
Company Registration Number: 14118282
BALANCE SHEET
as at 31 December 2022

Dec 22
Notes £
 
Fixed Assets
Tangible assets 6 1,080
─────────
 
Current Assets
Cash and cash equivalents 2,600
Creditors: amounts falling due within one year 7 (24,411)
─────────
Net Current Liabilities (21,811)
─────────
Total Assets less Current Liabilities (20,731)
 
Provisions for liabilities 8 (205)
─────────
Net Liabilities (20,936)
═════════
 
Capital and Reserves
Called up share capital 100
Retained earnings (21,036)
─────────
Equity attributable to owners of the company (20,936)
═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
       
For the financial period ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Board and authorised for issue on 18 April 2024 and signed on its behalf by
       
       
________________________________      
Ronald Edward Garrett      
Director      
       



Societas Capital NW Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial period ended 31 December 2022

   
1. General Information
 
Societas Capital NW Limited is a company limited by shares incorporated and registered in the England. The registered number of the company is 14118282. The registered office of the company is Unit 13 Clarence Avenue, Trafford Park, Manchester, M17 1QS, England which is also the principal place of business of the company. The principal activity of the company is providing financial brokerage services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 December 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 7 month 13 days period ended 31 December 2022.
Date company was incorporated:
19 May 2022
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees, including directors, during the financial period was 2.
 
  Dec 22
  Number
 
Director 2
  ═════════
       
6. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 19 May 2022 - -
Additions 1,200 1,200
  ───────── ─────────
At 31 December 2022 1,200 1,200
  ───────── ─────────
Depreciation
At 19 May 2022 - -
Charge for the financial period 120 120
  ───────── ─────────
At 31 December 2022 120 120
  ───────── ─────────
Net book value
At 31 December 2022 1,080 1,080
  ═════════ ═════════
     
7. Creditors Dec 22
Amounts falling due within one year £
 
Trade creditors 1,241
Amounts owed to group undertakings 16,370
Accruals 6,800
  ─────────
  24,411
  ═════════
       
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total
  allowances  
     
    Dec 22
  £ £
 
At financial period start - -
Charged to profit and loss 205 205
  ───────── ─────────
At financial period end 205 205
  ═════════ ═════════
     
9. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 December 2022.
         
10. Related party transactions
 
Transactions with group companies include

Alliance Investments (Real Estate) Limited

Alliance Investments (Real Estate) Limited is the parent company of Societas Capital NW Limited.

During the period net transactions between the two entities totaled £16,370. As at 31 December 2022 Societas Capital NW Limited owed £16,370 to Alliance Investments (Real Estate) Limited. This balance is included in the amounts owed to group undertakings.
   
11. Parent company
 
The company regards Alliance Investments (Real Estate) Limited as its parent company. The address of Alliance Investments (Real Estate) Limited is Alliance House, Westpoint Enterprise Park, Clarence Avenue Trafford Park, Manchester, England, M17 1QS.
 
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.