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REGISTERED NUMBER: 07304616 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SOPHIE BEE ENTERPRISES LTD

SOPHIE BEE ENTERPRISES LTD (REGISTERED NUMBER: 07304616)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SOPHIE BEE ENTERPRISES LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: A J Turner
Mrs S Turner
Ms S Turner



REGISTERED OFFICE: Flax House
The Old Gated Road
Chesterton
Leamington Spa
Warwickshire
CV33 9LD



REGISTERED NUMBER: 07304616 (England and Wales)



BANKERS: National Westminister Bank Plc
Royal Priors
59 The Parade
Leamington Spa
Warwickshire
CV32 4ZX

SOPHIE BEE ENTERPRISES LTD (REGISTERED NUMBER: 07304616)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,029,652 3,029,652
Investment property 5 750,000 750,000
3,779,652 3,779,652

CURRENT ASSETS
Debtors 5,191 5,804
Cash at bank and in hand 518,076 867,286
523,267 873,090
CREDITORS
Amounts falling due within one year 230,949 458,121
NET CURRENT ASSETS 292,318 414,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,071,970

4,194,621

CREDITORS
Amounts falling due after more than one year (555,454 ) (617,253 )

ACCRUALS AND DEFERRED INCOME (3,200 ) -
NET ASSETS 3,513,316 3,577,368

CAPITAL AND RESERVES
Called up share capital 7 2 1
Retained earnings 3,513,314 3,577,367
SHAREHOLDERS' FUNDS 3,513,316 3,577,368

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

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

SOPHIE BEE ENTERPRISES LTD (REGISTERED NUMBER: 07304616)

ABRIDGED BALANCE SHEET - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 June 2024 and were signed on its behalf by:





A J Turner - Director


SOPHIE BEE ENTERPRISES LTD (REGISTERED NUMBER: 07304616)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Sophie Bee Enterprises Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (excluding value added tax) of services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the to right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold buildings - not provided
Computer equipment - Straight line over 3 years

It is company policy to maintain its freehold property to a high standard with the cost of repairs and maintenance being charged to the profit and loss account. Due to the anticipated high residual value, it is considered that consumption of this property is negligible. Consequently a depreciation rate of 0% has been used.

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 and loss, and subsequently transferred to the fair value reserve.

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.


SOPHIE BEE ENTERPRISES LTD (REGISTERED NUMBER: 07304616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 3,034,630
DEPRECIATION
At 1 January 2023
and 31 December 2023 4,978
NET BOOK VALUE
At 31 December 2023 3,029,652
At 31 December 2022 3,029,652

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 750,000
NET BOOK VALUE
At 31 December 2023 750,000
At 31 December 2022 750,000

The historic cost of the investment property is also £750,000.

SOPHIE BEE ENTERPRISES LTD (REGISTERED NUMBER: 07304616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 617,253 679,052

The bank loans are secured on the freehold and investment properties.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL Ordinary £1 - 1
(2022 - 1 )
1 Ordinary A Shares £1 1 -
1 Ordinary B Shares £1 1 -
2 1

The following shares were issued during the year for cash at par :

1 Ordinary B Shares share of £1

Ordinary shares were redesignated to Ordinary A shares during the year, with the shares ranking pari passu.

Ordinary A shares and Ordinary B shares rank pari passu in terms of dividend rights, but Ordinary B shares do not carry any voting rights or rights to distribution arising on winding up of the company.