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Soros Capital UK Holdco Ltd
























Unaudited financial statements



For the year ended 31 December 2023



Registered number: 13386531

 
Soros Capital UK Holdco Ltd - Registered number:13386531


Statement of financial position
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
45,000
45,000

Current assets
  

Debtors: amounts falling due within one year
 5 
6,848
273

Cash at bank and in hand
 6 
124
-

  
6,972
273

Creditors: amounts falling due within one year
 7 
(16,672)
(40,113)

Net current liabilities
  
 
 
(9,700)
 
 
(39,840)

  

Net assets
  
35,300
5,160


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
35,299
5,159

  
35,300
5,160


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
G Workman
Director

Date: 8 December 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Soros Capital UK Holdco Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

1.


General information

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

 
2.1

Basis of preparation of financial statements

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.

 
2.2

Going concern

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.

 
2.3

Revenue

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.

  
2.4

Administrative expenses

All expenses have been accounted for on an accruals basis.

 
2.5

Current and deferred taxation

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.

Page 2

 
Soros Capital UK Holdco Ltd
 

Notes to the financial statements
For the year ended 31 December 2023

2.Significant accounting policies (continued)

  
2.6

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to
pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rate and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be
recovered. Deferred tax assets and liabilities are not discounted.

  
2.7

Foreign currency translation

Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the
dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income. All other foreign exchange gains and losses are presented in the statement of comprehensive income.

 
2.8

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash and cash equivalents comprise of cash at bank and in hand, demand deposits with financial institutions
repayable without penalty on notice and other short term highly liquid investments with original maturity of 3 months or less and bank overdrafts.

 
2.11

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
Soros Capital UK Holdco Ltd
 

Notes to the financial statements
For the year ended 31 December 2023

2.Significant accounting policies (continued)

 
2.12

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans with related parties.


3.


Employees

The company has no employees.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost  


At 1 January 2023
45,000



At 31 December 2023
45,000





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
6,647
-

Other debtors
1
125

Prepayments and accrued income
200
148

6,848
273



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
124
-

124
-


Page 4

 
Soros Capital UK Holdco Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
11,452
8,722

Other creditors
-
26,651

Accruals and deferred income
5,220
4,740

16,672
40,113



8.


Controlling party

The company is under control of Soros Capital Management LLC, a limited liability company incorporated in the United States of America.

Page 5