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REGISTERED NUMBER: 09747897 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

SOHAN LIMITED

SOHAN LIMITED (REGISTERED NUMBER: 09747897)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOHAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: J S Pahal
R S Pahal





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 09747897 (England and Wales)

SOHAN LIMITED (REGISTERED NUMBER: 09747897)

BALANCE SHEET
31 AUGUST 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,679,424 1,476,901
Investments 5 250,500 250,500
1,929,924 1,727,401

CURRENT ASSETS
Cash at bank 15,067 125,741

CREDITORS
Amounts falling due within one year 6 662,839 647,899
NET CURRENT LIABILITIES (647,772 ) (522,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,282,152

1,205,243

CREDITORS
Amounts falling due after more than one
year

7

1,260,870

1,171,541
NET ASSETS 21,282 33,702

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 20,282 32,702
SHAREHOLDERS' FUNDS 21,282 33,702

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

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

SOHAN LIMITED (REGISTERED NUMBER: 09747897)

BALANCE SHEET - continued
31 AUGUST 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 22 August 2024 and were signed on its behalf by:





J S Pahal - Director


SOHAN LIMITED (REGISTERED NUMBER: 09747897)

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

1. STATUTORY INFORMATION

Sohan 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

SOHAN LIMITED (REGISTERED NUMBER: 09747897)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 September 2022 1,476,901
Additions 202,523
At 31 August 2023 1,679,424
NET BOOK VALUE
At 31 August 2023 1,679,424
At 31 August 2022 1,476,901

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 September 2022
and 31 August 2023 250,500
NET BOOK VALUE
At 31 August 2023 250,500
At 31 August 2022 250,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Sterling House Development Ltd
Registered office: UK
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 50.00
31/8/23 31/8/22
£    £   
Aggregate capital and reserves 501,000 501,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors - 1,742
Tax 5,438 5,438
Other creditors 296,173 368,092
Directors' current accounts 359,968 271,367
Accrued expenses 1,260 1,260
662,839 647,899

SOHAN LIMITED (REGISTERED NUMBER: 09747897)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans (see note 8) 1,260,870 1,171,541

Amounts falling due in more than five years:

Repayable by instalments
Mortgage Accounts 1,260,870 1,171,541

8. LOANS

An analysis of the maturity of loans is given below:

31/8/23 31/8/22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Mortgage Accounts 1,260,870 1,171,541

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 September 2022 32,702
Deficit for the year (12,420 )
At 31 August 2023 20,282