IRIS Accounts Production v24.2.0.383 04399613 Board of Directors 1.1.23 31.12.23 31.12.23 2.8.24 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043996132022-12-31043996132023-12-31043996132023-01-012023-12-31043996132021-12-31043996132022-01-012022-12-31043996132022-12-3104399613ns15:EnglandWales2023-01-012023-12-3104399613ns14:PoundSterling2023-01-012023-12-3104399613ns10:Director12023-01-012023-12-3104399613ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104399613ns10:SmallEntities2023-01-012023-12-3104399613ns10:Audited2023-01-012023-12-3104399613ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104399613ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104399613ns10:FullAccounts2023-01-012023-12-3104399613ns10:OrdinaryShareClass12023-01-012023-12-3104399613ns10:Director22023-01-012023-12-3104399613ns10:Director32023-01-012023-12-3104399613ns10:RegisteredOffice2023-01-012023-12-3104399613ns5:CurrentFinancialInstruments2023-12-3104399613ns5:CurrentFinancialInstruments2022-12-3104399613ns5:ShareCapital2023-12-3104399613ns5:ShareCapital2022-12-3104399613ns5:RetainedEarningsAccumulatedLosses2023-12-3104399613ns5:RetainedEarningsAccumulatedLosses2022-12-3104399613ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 04399613 (England and Wales)



















Audited Financial Statements

for the Year Ended 31st December 2023

for

SOGB PROMOTIONS LIMITED

SOGB PROMOTIONS LIMITED (REGISTERED NUMBER: 04399613)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SOGB PROMOTIONS LIMITED

Company Information
for the year ended 31st December 2023







DIRECTORS: C J Classen
P D Richardson
A T Young



REGISTERED OFFICE: C/o Two Circles, WeWork
Aviation House
125 Kingsway
London
WC2B 6NH



REGISTERED NUMBER: 04399613 (England and Wales)



SENIOR STATUTORY AUDITOR: Alasdair Weaks



AUDITORS: Simpson Wreford & Partners
Chartered Accountants & Statutory Auditors
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

SOGB PROMOTIONS LIMITED (REGISTERED NUMBER: 04399613)

Statement of Financial Position
31st December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 33,333 -
Cash at bank 161,006 168,555
194,339 168,555
CREDITORS
Amounts falling due within one year 5 194,749 168,965
NET CURRENT LIABILITIES (410 ) (410 )
TOTAL ASSETS LESS CURRENT LIABILITIES (410 ) (410 )

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (411 ) (411 )
SHAREHOLDERS' FUNDS (410 ) (410 )

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd August 2024 and were signed on its behalf by:





P D Richardson - Director


SOGB PROMOTIONS LIMITED (REGISTERED NUMBER: 04399613)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

The principal activity of the company continues to be that of promoting and obtaining sponsorship for the Special Olympics movement in Great Britain.

SOGB Promotions is a private limited 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.

The preparation of financial statement in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Turnover
Turnover comprises revenue recognised by the company in respect of sponsorship income, exclusive of Value Added Tax.

Turnover from sponsorship income is recognised over the period in which the services are provided when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract; and
- the stage of completion of the contract at the end of the reporting period can be measured reliably.

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 accounts receivable and payable and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.

For financial assets measured at cost less impairment, the impairment loss is measured at the difference between an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the statement of financial position date.

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

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

SOGB PROMOTIONS LIMITED (REGISTERED NUMBER: 04399613)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Prepayments and accrued income 33,333 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 12,000
Amounts owed to group undertakings 121,690 128,350
VAT 34,060 24,616
Accruals and deferred income 38,999 3,999
194,749 168,965

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

There is a single class of ordinary share. There are no restrictions on the distribution of dividends and the repayment of capital.

7. AUDITORS INFORMATION

The audit report provided to the members of SOGB Promotions Limited on the financial statements for the period ended 31 December 2023 was not qualified.

The audit report was signed by Alasdair Weaks (Senior Statutory Auditor) for and behalf of Simpson Wreford & Partners, Chartered Accountants and Statutory Auditor.

8. RELATED PARTY DISCLOSURES

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of Special Olympics Great Britain.

9. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Special Olympics Great Britain, a company registered in England and Wales, whose registered office is C/O Two Circles Wework, 125 Kingsway, London, England, WC2B 6NH.

Special Olympics Great Britain prepares consolidated financial statements and copies can be obtained from Simpson Wreford & Partners, Suffolk House, George Street, Croydon, CR0 0YN.