Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activitytruefalse11 11729366 2023-01-01 2023-12-31 11729366 2022-01-01 2022-12-31 11729366 2023-12-31 11729366 2022-12-31 11729366 c:Director1 2023-01-01 2023-12-31 11729366 d:CurrentFinancialInstruments 2023-12-31 11729366 d:CurrentFinancialInstruments 2022-12-31 11729366 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11729366 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11729366 d:ShareCapital 2023-12-31 11729366 d:ShareCapital 2022-12-31 11729366 d:RetainedEarningsAccumulatedLosses 2023-12-31 11729366 d:RetainedEarningsAccumulatedLosses 2022-12-31 11729366 c:FRS102 2023-01-01 2023-12-31 11729366 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11729366 c:FullAccounts 2023-01-01 2023-12-31 11729366 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11729366









SONAS MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
SONAS MANAGEMENT LTD
REGISTERED NUMBER: 11729366

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
5,327
4,174

Cash at bank and in hand
 5 
144,799
18,143

  
150,126
22,317

Creditors: amounts falling due within one year
 6 
(151,704)
(23,895)

Net liabilities
  
(1,578)
(1,578)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,678)
(1,678)

  
(1,578)
(1,578)


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 his 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 Company has opted not to file the statement of income and retained earnings 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 on 13 September 2024.




................................................
Mark Vickers
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
SONAS MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sonas Management Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11729366. The address of the registered office is Wisteria Grange Barn, Pikes End, Pinner, Middx, United Kingdom, HA5 2EX. 

2.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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
SONAS MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Creditors

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

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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 Income and Retained Earnings.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
4,819
4,074

Other debtors
100
100

Prepayments and accrued income
408
-

5,327
4,174



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
144,799
18,143

144,799
18,143


Page 3

 
SONAS MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
54
53

Amounts owed to group undertakings
2,513
1,745

Other creditors
144,913
18,257

Accruals and deferred income
4,224
3,840

151,704
23,895


Amounts owed to group undertakings are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.


7.


Related party transactions

At the balance sheet date there is an amount owed to Sonas Commodities Limited of £2,513 (2022: £1,745). Mark Vickers is the director of Sonas Management Ltd and Sonas Commodities Ltd. This loan is interest free and is repayable on demand.

 
Page 4