Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseis that of an investment company.1true2023-01-011trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11678237 2023-01-01 2023-12-31 11678237 2022-01-01 2022-12-31 11678237 2023-12-31 11678237 2022-12-31 11678237 c:Director1 2023-01-01 2023-12-31 11678237 d:CurrentFinancialInstruments 2023-12-31 11678237 d:CurrentFinancialInstruments 2022-12-31 11678237 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11678237 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11678237 d:ShareCapital 2023-12-31 11678237 d:ShareCapital 2022-12-31 11678237 d:RetainedEarningsAccumulatedLosses 2023-12-31 11678237 d:RetainedEarningsAccumulatedLosses 2022-12-31 11678237 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11678237 c:OrdinaryShareClass1 2023-12-31 11678237 c:OrdinaryShareClass1 2022-12-31 11678237 c:FRS102 2023-01-01 2023-12-31 11678237 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11678237 c:FullAccounts 2023-01-01 2023-12-31 11678237 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11678237 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11678237














SOUNION CAPITAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
SOUNION CAPITAL LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
SOUNION CAPITAL LIMITED
REGISTERED NUMBER:11678237

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Fixed asset investments
 4 
1,000
1,000

Current assets
  

Debtors: amounts falling due within one year
 5 
547,500
495,500

Cash at bank and in hand
  
482
264

  
547,982
495,764

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(583,387)
(530,122)

Net current liabilities
  
 
 
(35,405)
 
 
(34,358)

Net liabilities
  
(34,405)
(33,358)


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
(35,405)
(34,358)

  
(34,405)
(33,358)


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

The Company has opted not to file the statement of comprehensive income 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 2 August 2024.




C O Chartouni
Director

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

Page 1

 
SOUNION CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sounion Capital Limited is a private limited liability company incorporated in England and Wales with its registered office at 1 Hampstead Gate, 1a Frognal, London, NW3 6AL.

The principal activity is that of an investment holding company.

The functional and presentation reporting currency is £ Sterling.

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 company meets its day to day working capital requirements through the support of the shareholder. The director believes that it is appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence with the continued support of the shareholder.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Investments in Associates

Investments in associates are measured at cost less impairment.

 
2.6

Debtors

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

Page 2

 
SOUNION CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

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 and loans from related parties.


3.


Employees

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


4.


Fixed asset investments





Investments in associates

£



Cost 


At 1 January 2023
1,000



At 31 December 2023
1,000


5.


Debtors

2023
2022
£
£

Other loans
547,500
495,500


Other loans of £547,500 (2022 - £495,500), are unsecured, interest free and repayable on demand. 

Page 3

 
SOUNION CAPITAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
576,737
521,122

Accruals and deferred income
6,650
9,000

583,387
530,122


Other creditors include amounts due to shareholder of £576,737 (2022 - £521,122) which are unsecured, interest free and repayable on demand.


7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1 each
1,000
1,000


Page 4