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Registration number: 08812769

Someluck Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Someluck Limited

Contents

Company Information

1

Director's Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 7

 

Someluck Limited

Company Information

Director

K Ahlberg

Registered office

Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

Accountants

Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

Someluck Limited

Director's Report for the Year Ended 31 December 2023

The director presents his annual report on the affairs of Someluck Limited, together with the unaudited financial statements for the year ended 31 December 2023.

Principal activity

The principal activity of the company is that of a holding company

Director of the company

The director who held office during the year and up to date of authorisation of this report was as follows:

K Ahlberg

Going concern

The director is satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the company’s financial statements.

Small companies provision statement

The director has taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the directors’ report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.

Approved and authorised by the director on 22 August 2024
 

.........................................
K Ahlberg
Director

 

Someluck Limited

(Registration number: 08812769)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Receivables

4

12,369

9,587

Cash at bank and in hand

 

-

2,012

 

12,369

11,599

Payables: Amounts falling due within one year

5

(11,122)

(8,835)

Net assets

 

1,247

2,764

Equity

 

Called up share capital

6

1

1

Retained earnings

6

1,246

2,763

Shareholders' funds

 

1,247

2,764

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

The financial statements of Someluck Limited were approved and authorised for issue by the director on 22 August 2024
 

.........................................

K Ahlberg
Director

 

Someluck Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1

General information

Someluck Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The director is satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the company’s financial statements.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and in accordance with the Companies Act 2006. There were no material departures from that standard.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Summary of disclosure exemptions

The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements.
The company is consolidated in the financial statements of its parent Pejoka Invest Ltd, which may be obtained from Nazou 4 Street, 1st Floor, Office 101, 1070 Nicosia, Cyprus. Exemptions have been taken in these separate company financial statements in relation to financial instruments, presentation of a cash flow statement, transactions with group entities and remuneration of key management personnel.

 

Someluck Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in comprehensive income, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments which comprise investments in non publicly traded equity shares whose fair value cannot be measured reliably are measured at historic cost less impairment. Dividends on equity shares are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and are subject to an insignificant risk of change in value.

Receivables

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Someluck Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Financial instruments

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Receivables

2023
£

2022
£

Amounts owed by parent undertaking

3,973

4,326

Other receivables

8,396

5,261

12,369

9,587

The amount owed by parent undertaking disclosed as falling within one year is unsecured and repayable on demand and is non-interest bearing.

5

Payables

2023
£

2022
£

Due within one year

Director's current account

9,770

7,533

Accruals

1,352

1,302

11,122

8,835

The amount due to parent undertaking disclosed as falling within one year is unsecured, payable on demand and is non-interest bearing.

 

Someluck Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023 (continued)

6

Share capital and reserves

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1

1

1

1

1

         

Reserves

The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

7

Related party transactions

At 31 December 2023 the amount due from Pejoka Invest Ltd, the parent undertaking was £3,973 (2022: £4,326). This loan is repayable on demand and interest free.

At 31 December 2023 the amount due to the Director was £7,533 (2022: £9,770). This loan is repayable on demand and interest free.

 

8

Parent and ultimate parent undertaking

The company is controlled by Pejoka Invest Ltd, an undertaking registered in Cyprus, by virtue of its 100% shareholding in the company.