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Soros Capital UK Holdco Ltd
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Notes to the financial statements
For the year ended 31 December 2023
Soros Capital UK Holdco Ltd is a private limited company incorporated in England and Wales. The address of the registered office and its principal place of business is 5-10 Bolton Street, London, United Kingdom, W1J 8BA.
The principal activity of the company in the period under review was to hold an investment in Soros Capital Management UK LLP.
2.Significant accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Pound Sterling (£), which is also the functional currency.
The following principal accounting policies have been applied consistently throughout the financial year.
Consolidation
The company is the parent undertaking of a small group and as such is not required by the Companies Act
2006 to prepare group accounts. These financial statements therefore present information about the
company as an individual undertaking and not about its group.
After reviewing the forecasts and projections the directors have reasonable expectations that the company
has adequate resources to continue in operational existence for the foreseeable future. The company
therefore continues to adopt the going concern basis in preparing its financial statements.
Revenue represents income recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.
Revenue arose from activities performed within the United Kingdom.
All expenses have been accounted for on an accruals basis.
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Current and deferred taxation
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The current tax payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because it excluded items that are never taxable or deductible. The company's current tax liability is calculated using rates that have been enacted or substantively enacted by the balance sheet date.
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