2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,232,110 29,161 300,000 3,561,271 3,561,271 3,232,110 201,000 201,000 201,000 xbrli:pure xbrli:shares iso4217:GBP 4018501 2023-07-01 2024-06-30 4018501 2024-06-30 4018501 2023-06-30 4018501 2022-07-01 2023-06-30 4018501 2023-06-30 4018501 2022-06-30 4018501 bus:Director2 2023-07-01 2024-06-30 4018501 core:LandBuildings 2023-07-01 2024-06-30 4018501 core:WithinOneYear 2024-06-30 4018501 core:WithinOneYear 2023-06-30 4018501 core:AfterOneYear 2024-06-30 4018501 core:AfterOneYear 2023-06-30 4018501 core:ShareCapital 2024-06-30 4018501 core:ShareCapital 2023-06-30 4018501 core:RevaluationReserve 2024-06-30 4018501 core:RevaluationReserve 2023-06-30 4018501 core:RetainedEarningsAccumulatedLosses 2024-06-30 4018501 core:RetainedEarningsAccumulatedLosses 2023-06-30 4018501 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 4018501 core:Non-currentFinancialInstruments 2024-06-30 4018501 core:Non-currentFinancialInstruments 2023-06-30 4018501 core:LandBuildings 2024-06-30 4018501 core:LandBuildings 2023-06-30 4018501 core:LandBuildings 2023-06-30 4018501 bus:SmallEntities 2023-07-01 2024-06-30 4018501 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 4018501 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 4018501 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 4018501 bus:FullAccounts 2023-07-01 2024-06-30 4018501 1 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 4018501
Sonih Investments Ltd
Filleted Unaudited Financial Statements
30 June 2024
Sonih Investments Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
3,561,271
3,232,110
Investments
6
201,000
201,000
------------
------------
3,762,271
3,433,110
Current assets
Debtors
7
25,000
25,000
Cash at bank and in hand
17,669
43,823
--------
--------
42,669
68,823
Creditors: amounts falling due within one year
8
120,590
130,791
---------
---------
Net current liabilities
77,921
61,968
------------
------------
Total assets less current liabilities
3,684,350
3,371,142
Creditors: amounts falling due after more than one year
9
439,146
485,628
------------
------------
Net assets
3,245,204
2,885,514
------------
------------
Capital and reserves
Called up share capital
4
4
Revaluation reserve
2,505,000
2,205,000
Profit and loss account
740,200
680,510
------------
------------
Shareholders funds
3,245,204
2,885,514
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sonih Investments Ltd
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
Mr M N Mustafa
Director
Company registration number: 4018501
Sonih Investments Ltd
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32-34 Station Close, Potters Bar, Herts, EN6 1TL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental income services rendered.
Income tax
The taxation expense represents the aggregate amount of current tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Land and buildings
£
Cost or valuation
At 1 July 2023
3,232,110
Additions
29,161
Revaluations
300,000
------------
At 30 June 2024
3,561,271
------------
Depreciation
At 1 July 2023 and 30 June 2024
------------
Carrying amount
At 30 June 2024
3,561,271
------------
At 30 June 2023
3,232,110
------------
Tangible assets held at valuation
Investment properties are revalued based upon the directors' knowledge of the local market and any other information made available as a result of bank lending. The increase in the valuation of £300,000 (2023 :£-) has been included in the profit and loss account .
6. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
201,000
---------
Impairment
At 1 July 2023 and 30 June 2024
---------
Carrying amount
At 30 June 2024
201,000
---------
At 30 June 2023
201,000
---------
The investment relates to a 50% holding in Triple M & E Properies Ltd. The company deals in property investment. It is incorporated in England.
7. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
25,000
25,000
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
69,262
69,262
Corporation tax
39,241
58,093
Other creditors
12,087
3,436
---------
---------
120,590
130,791
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
274,906
329,088
Other creditors
164,240
156,540
---------
---------
439,146
485,628
---------
---------
Bank loans are secured over certain freehold investment properties of the company.
10. Controlling party
The company was under the control of both of the directors in current and previous years