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REGISTERED NUMBER: 07501548 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sogesta Worldwide Ltd

Sogesta Worldwide Ltd (Registered number: 07501548)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sogesta Worldwide Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G Sorrentino
N Sorrentino





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 07501548 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Sogesta Worldwide Ltd (Registered number: 07501548)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 22,133

CURRENT ASSETS
Debtors 5 92,027 370,169
Investments 6 1,068,413 989,780
Cash at bank 8,193,866 278,761
9,354,306 1,638,710
CREDITORS
Amounts falling due within one year 7 52,590 8,135
NET CURRENT ASSETS 9,301,716 1,630,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,301,716

1,652,708

CREDITORS
Amounts falling due after more than one
year

8

100

395,067
NET ASSETS 9,301,616 1,257,641

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 9,300,716 1,256,741
SHAREHOLDERS' FUNDS 9,301,616 1,257,641

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.

Sogesta Worldwide Ltd (Registered number: 07501548)

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.

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 18 September 2024 and were signed on its behalf by:





N Sorrentino - Director


Sogesta Worldwide Ltd (Registered number: 07501548)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sogesta Worldwide 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.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Investments in associate company undertakings are included at cost.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Sogesta Worldwide Ltd (Registered number: 07501548)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023 22,133
Disposals (22,133 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 22,133

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


ICON Scientific Limited
Registered office: Unit 6, The Industrial Quarter, Bath Business Park, Bath, BA2 8SF
Nature of business: Development and sale of analytical devices.
%
Class of shares: holding
Ordinary 60.00
2023 2022
£    £   
Aggregate capital and reserves - 5,690,828

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 72,000 -

Amounts falling due after more than one year:
Amounts owed by group undertakings - 351,433
Other debtors 20,027 18,736
20,027 370,169

Aggregate amounts 92,027 370,169

Sogesta Worldwide Ltd (Registered number: 07501548)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
EFG Investments 1,068,413 989,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15,462 2,700
Taxation and social security 5,151 1,760
Other creditors 31,977 3,675
52,590 8,135

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 100 100
Other creditors - 394,967
100 395,067