Registration number:
Someluck Limited
for the Year Ended 31 December 2023
Someluck Limited
Contents
Company Information |
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Director's Report |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Someluck Limited
Company Information
Director |
K Ahlberg |
Registered office |
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Accountants |
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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:
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
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Someluck Limited
(Registration number: 08812769)
Statement of Financial Position as at 31 December 2023
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2022 |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
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Net assets |
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Equity |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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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:
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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
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Director
Someluck Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023
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.
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)
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Accounting policies (continued) |
Financial instruments
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Receivables |
2023 |
2022 |
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Amounts owed by parent undertaking |
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Other receivables |
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The amount owed by parent undertaking disclosed as falling within one year is unsecured and repayable on demand and is non-interest bearing.
Payables |
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2022 |
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Due within one year |
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Director's current account |
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Accruals |
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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)
Share capital and reserves |
Allotted, called up and fully paid shares
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2022 |
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No. |
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No. |
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1 |
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1 |
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
Related party transactions |
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.
Parent and ultimate parent undertaking |