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REGISTERED NUMBER: 00669176 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

SOJO International Partners Limited

SOJO International Partners Limited (Registered number: 00669176)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SOJO International Partners Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J Fischer
Mrs D A Fischer
S A Fischer





REGISTERED OFFICE: First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU





BUSINESS ADDRESS: Ash Grove
Hillcrest Road
Dormans Park
East Grinstead
West Sussex
RH19 2NE





REGISTERED NUMBER: 00669176 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

SOJO International Partners Limited (Registered number: 00669176)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,922 8,193
Investment property 5 1,400,000 1,320,000
1,411,922 1,328,193

CURRENT ASSETS
Debtors 6 23,555 162
Cash at bank 891,126 867,091
914,681 867,253
CREDITORS
Amounts falling due within one year 7 60,608 27,410
NET CURRENT ASSETS 854,073 839,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,265,995

2,168,036

PROVISIONS FOR LIABILITIES 8 30,012 10,617
NET ASSETS 2,235,983 2,157,419

CAPITAL & RESERVES
Called up share capital 9 600,000 600,000
Non-distributable reserves 10 342,136 281,647
Retained earnings 10 1,293,847 1,275,772
SHAREHOLDERS' FUNDS 2,235,983 2,157,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 2 September 2024 and were signed on its behalf by:




J Fischer - Director


SOJO International Partners Limited (Registered number: 00669176)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

SOJO International Partners 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the rental income receivable during the year. Rental income receivable is accounted for in the year in which the property is rented.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 33% on cost and 20% on cost
Fixtures & fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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
Provision is made at current rates for taxation deferred in respect of all material timing differences.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant & Fixtures
machinery & fittings Totals
£    £    £   
COST
At 1 July 2023 99,065 25,000 124,065
Additions 6,857 - 6,857
At 30 June 2024 105,922 25,000 130,922
DEPRECIATION
At 1 July 2023 93,895 21,977 115,872
Charge for year 2,675 453 3,128
At 30 June 2024 96,570 22,430 119,000
NET BOOK VALUE
At 30 June 2024 9,352 2,570 11,922
At 30 June 2023 5,170 3,023 8,193

SOJO International Partners Limited (Registered number: 00669176)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,320,000
Revaluations 80,000
At 30 June 2024 1,400,000
NET BOOK VALUE
At 30 June 2024 1,400,000
At 30 June 2023 1,320,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2018 169,455
Valuation in 2020 120,000
Valuation in 2024 80,000
Cost 1,030,545
1,400,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,030,545 1,030,545
Aggregate depreciation (135,817 ) (125,511 )

The investment property was valued on a fair value basis on 4 July 2023 by Rory Mack Associates .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,000 -
Prepayments & accrued income 2,555 162
23,555 162

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 833 218
Tax 21,661 14,808
Social security & other taxes 5,476 1,084
Accrued expenses 32,638 11,300
60,608 27,410

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,012 10,617

SOJO International Partners Limited (Registered number: 00669176)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 10,617
Provided during year 19,395
Balance at 30 June 2024 30,012

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
480,000 Ordinary A Shares 1 480,000 480,000
60,000 Ordinary B Shares 1 60,000 60,000
60,000 Ordinary C Shares 1 60,000 60,000
600,000 600,000

10. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 July 2023 1,275,772 281,647 1,557,419
Profit for the year 78,075 78,075
Dividends (60,000 ) (60,000 )
Deferred tax on revaluation - (19,511 ) (19,511 )
Revaluation - 80,000 80,000
At 30 June 2024 1,293,847 342,136 1,635,983

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
SOJO International Partners Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SOJO International Partners Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SOJO International Partners Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SOJO International Partners Limited and state those matters that we have agreed to state to the Board of Directors of SOJO International Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SOJO International Partners Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SOJO International Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SOJO International Partners Limited. You consider that SOJO International Partners Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SOJO International Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


2 September 2024