Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06338142 Mr Juan Olivares Gazul Mrs Valays Gonzalez Jaramillo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06338142 2022-12-31 06338142 2023-12-31 06338142 2023-01-01 2023-12-31 06338142 frs-core:CurrentFinancialInstruments 2023-12-31 06338142 frs-core:Non-currentFinancialInstruments 2023-12-31 06338142 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 06338142 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06338142 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 06338142 frs-core:CapitalRedemptionReserve 2023-01-01 2023-12-31 06338142 frs-core:CapitalRedemptionReserve 2023-12-31 06338142 frs-core:ShareCapital 2023-01-01 2023-12-31 06338142 frs-core:ShareCapital 2023-12-31 06338142 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06338142 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06338142 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06338142 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06338142 frs-bus:SmallEntities 2023-01-01 2023-12-31 06338142 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06338142 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06338142 frs-bus:Director1 2023-01-01 2023-12-31 06338142 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06338142 frs-core:Non-currentFinancialInstruments 1 2023-12-31 06338142 frs-core:CurrentFinancialInstruments 5 2023-12-31 06338142 frs-countries:EnglandWales 2023-01-01 2023-12-31 06338142 2021-12-31 06338142 2022-12-31 06338142 2022-01-01 2022-12-31 06338142 frs-core:CurrentFinancialInstruments 2022-12-31 06338142 frs-core:Non-currentFinancialInstruments 2022-12-31 06338142 frs-core:CapitalRedemptionReserve 2021-12-31 06338142 frs-core:CapitalRedemptionReserve 2022-12-31 06338142 frs-core:ShareCapital 2021-12-31 06338142 frs-core:ShareCapital 2022-12-31 06338142 frs-core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 06338142 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-12-31 06338142 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 06338142 frs-core:CurrentFinancialInstruments 1 2022-12-31 06338142 frs-core:Non-currentFinancialInstruments 1 2022-12-31 06338142 frs-core:CurrentFinancialInstruments 5 2022-12-31
Registered number: 06338142
Soga Investments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Accounting Help Ltd
ICAEW
3rd Floor
12 East Passage
London
EC1A 7LP
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 06338142
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 841,942 841,942
841,942 841,942
CURRENT ASSETS
Debtors 5 - 22,718
Cash at bank and in hand 1,854 4,626
1,854 27,344
Creditors: Amounts Falling Due Within One Year 6 (9,738 ) (15,747 )
NET CURRENT ASSETS (LIABILITIES) (7,884 ) 11,597
TOTAL ASSETS LESS CURRENT LIABILITIES 834,058 853,539
Creditors: Amounts Falling Due After More Than One Year 7 (786,248 ) (790,071 )
NET ASSETS 47,810 63,468
CAPITAL AND RESERVES
Called up share capital 8 196 200
Capital redemption reserve 4 -
Profit and Loss Account 47,610 63,268
SHAREHOLDERS' FUNDS 47,810 63,468
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Juan Olivares Gazul
Director
19/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Capital Redemption Profit and Loss Account Total
£ £ £ £
As at 1 January 2022 200 - 52,488 52,688
Profit for the year and total comprehensive income - - 13,066 13,066
Dividends paid - - (2,286) (2,286)
As at 31 December 2022 and 1 January 2023 200 - 63,268 63,468
Profit for the year and total comprehensive income - - 342 342
Purchase of own shares (4 ) 4 (16,000 ) (16,000)
As at 31 December 2023 196 4 47,610 47,810
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Soga Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06338142 . The registered office is 134, Elephant Road, London, UK, SE17 1FD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None Provided
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 841,942
As at 31 December 2023 841,942
Net Book Value
As at 31 December 2023 841,942
As at 1 January 2023 841,942
5. Debtors
2023 2022
£ £
Due within one year
Other debtors - 25
Halo Interest Suspense Account - 1,205
Corporation tax recoverable assets - 814
Director's loan account - 20,674
- 22,718
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 3,234 8,982
Corporation tax 3,192 5,155
Sundry - Rent suspense account 650 650
Accruals and deferred income 960 960
Director's loan account 1,702 -
9,738 15,747
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 655,617 658,441
Other creditors 95,431 96,431
Other loans 35,200 35,199
786,248 790,071
Page 5
Page 6
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 196 200
Page 6