IRIS Accounts Production v24.1.9.2 10490231 Board of Directors Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Ordinary £0.01 0.01000 Redeemable A 1.00000 Redeemable B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104902312022-12-31104902312023-12-31104902312023-01-012023-12-31104902312021-12-31104902312022-01-012022-12-31104902312022-12-3110490231ns15:EnglandWales2023-01-012023-12-3110490231ns14:PoundSterling2023-01-012023-12-3110490231ns10:Director12023-01-012023-12-3110490231ns10:Director22023-01-012023-12-3110490231ns10:Director32023-01-012023-12-3110490231ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110490231ns10:SmallEntities2023-01-012023-12-3110490231ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110490231ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110490231ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110490231ns10:FullAccounts2023-01-012023-12-3110490231ns10:EntityHasNeverTraded2023-01-012023-12-3110490231ns10:OrdinaryShareClass12023-01-012023-12-3110490231ns10:OrdinaryShareClass32023-01-012023-12-3110490231ns10:OrdinaryShareClass42023-01-012023-12-3110490231ns10:RegisteredOffice2023-01-012023-12-3110490231ns5:CurrentFinancialInstruments2023-12-3110490231ns5:CurrentFinancialInstruments2022-12-3110490231ns5:ShareCapital2023-12-3110490231ns5:ShareCapital2022-12-3110490231ns5:CapitalRedemptionReserve2023-12-3110490231ns5:CapitalRedemptionReserve2022-12-3110490231ns5:RetainedEarningsAccumulatedLosses2023-12-3110490231ns5:RetainedEarningsAccumulatedLosses2022-12-3110490231ns5:CostValuation2022-12-3110490231ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3110490231ns5:CostValuation2023-12-3110490231ns10:OrdinaryShareClass12023-12-3110490231ns10:OrdinaryShareClass32023-12-3110490231ns10:OrdinaryShareClass42023-12-311049023112023-01-012023-12-31
REGISTERED NUMBER: 10490231 (England and Wales)















SERVICE OFFSET SUPPLIES HOLDINGS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






SERVICE OFFSET SUPPLIES HOLDINGS LIMITED (REGISTERED NUMBER: 10490231)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SERVICE OFFSET SUPPLIES HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R J Quinnell
A P Fleming
O Anwar





REGISTERED OFFICE: 40 Oakwood Hill Industrial Estate
Oakwood Hill
Loughton
Essex
IG10 3TZ





REGISTERED NUMBER: 10490231 (England and Wales)





ACCOUNTANTS: Howard & Stapleton
2nd Floor Offices
26-28 West Street
Market Square
Rochford
Essex
SS4 1AJ

SERVICE OFFSET SUPPLIES HOLDINGS LIMITED (REGISTERED NUMBER: 10490231)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,602,453 1,714,020

CURRENT ASSETS
Cash at bank 46 49

CREDITORS
Amounts falling due within one year 5 1,400 1,100
NET CURRENT LIABILITIES (1,354 ) (1,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,601,099

1,712,969

CAPITAL AND RESERVES
Called up share capital 6 669,220 669,220
Capital redemption reserve 1,030,880 1,030,880
Retained earnings (99,001 ) 12,869
SHAREHOLDERS' FUNDS 1,601,099 1,712,969

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

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

SERVICE OFFSET SUPPLIES HOLDINGS LIMITED (REGISTERED NUMBER: 10490231)

BALANCE SHEET - continued
31 DECEMBER 2023


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 30 May 2024 and were signed on its behalf by:




R J Quinnell - Director A P Fleming - Director




O Anwar - Director


SERVICE OFFSET SUPPLIES HOLDINGS LIMITED (REGISTERED NUMBER: 10490231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Service Offset Supplies Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in group undertakings are measured at cost less impairment.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 1,714,020
Impairments (111,567 )
At 31 December 2023 1,602,453
NET BOOK VALUE
At 31 December 2023 1,602,453
At 31 December 2022 1,714,020

SERVICE OFFSET SUPPLIES HOLDINGS LIMITED (REGISTERED NUMBER: 10490231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 900 550
Other creditors 500 550
1,400 1,100

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,000 Ordinary £0.01 1p 100 100
300,000 Redeemable A £1 300,000 300,000
369,120 Redeemable B £1 369,120 369,120
669,220 669,220

7. POST BALANCE SHEET EVENTS

In order to preserve the company's ability to pay dividends in the future, it is proposed that, under Section 610(4) of the Companies Act 2006, the Company is to reorganise its capital by reducing its capital redemption reserve fund and correspondingly increasing its distributable reserves.