Registered number: 11040639 | ||||||||
FOR THE YEAR ENDED 31 OCTOBER 2023 | ||||||||
Prepared By: | ||||||||
Willow Accounting & Consultancy | ||||||||
47a Commercial Road | ||||||||
Ashley Cross | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Sophaime Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 OCTOBER 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Dorset | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 11040639 | ||||||||
ACCOUNTANTS | ||||||||
Willow Accounting & Consultancy | ||||||||
47a Commercial Road | ||||||||
Ashley Cross | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Sophaime Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 OCTOBER 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Sophaime Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | ||||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
21,779 | 17,334 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 16,744 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | 137,039 | 141,554 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Other reserves | 9 | 64,874 | 64,874 | |||||||
Profit and loss account | (9,443) | (13,084) | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Sophaime Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 OCTOBER 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1d. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Turnover | ||||||||
Turnover represents the invoiced value of rent reveivable by the company, net of value added tax. |
1d. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
2. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 1 November 2022 | 190,000 | 190,000 | ||||||
At 31 October 2023 | 190,000 | 190,000 | ||||||
The directors have provided fair value estimates for investment properties at 31 October 2023. | ||||||||
Sophaime Limited | ||||||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Prepayments | 56 | 53 | ||||||
Rent deposits | 1,199 | 1,198 | ||||||
Directors current account | 17,768 | 14,078 | ||||||
19,023 | 15,329 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 854 | 50 | ||||||
Mortgage | 4,515 | - | ||||||
Accruals | 540 | 540 | ||||||
5,909 | 590 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Mortgage | 137,039 | 141,554 | ||||||
137,039 | 141,554 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | - | |||||
Sophaime Limited | ||||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 13,300 | 13,300 | ||||||
13,300 | 13,300 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. OTHER RESERVES | 2023 | 2022 | ||||||
£ | £ | |||||||
Non-distributable reserve | 64,874 | 64,874 | ||||||
64,874 | 64,874 | |||||||
The unrealised gains or losses arising on the fair value of investment properties at the balance sheet date. | ||||||||