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REGISTERED NUMBER: 11572246 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SONEAL ESTATES LIMITED

SONEAL ESTATES LIMITED (REGISTERED NUMBER: 11572246)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SONEAL ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs S Morar
Mr N Morar





REGISTERED OFFICE: 4 Uphill Road
Mill Hill
London
NW7 4RB





REGISTERED NUMBER: 11572246 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

SONEAL ESTATES LIMITED (REGISTERED NUMBER: 11572246)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 241 322
Investment property 5 992,653 992,653
992,894 992,975

CURRENT ASSETS
Debtors 6 2,041 1,489
Cash at bank 3,493 3,695
5,534 5,184
CREDITORS
Amounts falling due within one year 7 (430,946 ) (427,940 )
NET CURRENT LIABILITIES (425,412 ) (422,756 )
TOTAL ASSETS LESS CURRENT LIABILITIES 567,482 570,219

CREDITORS
Amounts falling due after more than one
year

8

(571,995

)

(571,995

)
NET LIABILITIES (4,513 ) (1,776 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (4,613 ) (1,876 )
SHAREHOLDERS' FUNDS (4,513 ) (1,776 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

SONEAL ESTATES LIMITED (REGISTERED NUMBER: 11572246)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 October 2024 and were signed on its behalf by:




Mrs S Morar - Director



Mr N Morar - Director


SONEAL ESTATES LIMITED (REGISTERED NUMBER: 11572246)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Soneal Estates Limited 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.

Going Concern
The accounts have been prepared on a going concern basis even though the company has current net liabilities of £425,906 (2023:£422,756). The validity of the going concern concept is dependent on the continuing support of the directors. The directors believe that the going concern concept is applicable as the company will be able to meet its debts as and when they fall due.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SONEAL ESTATES LIMITED (REGISTERED NUMBER: 11572246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 1,356
DEPRECIATION
At 1 October 2023 1,034
Charge for year 81
At 30 September 2024 1,115
NET BOOK VALUE
At 30 September 2024 241
At 30 September 2023 322

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 992,653
NET BOOK VALUE
At 30 September 2024 992,653
At 30 September 2023 992,653

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 2,041 1,489

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security - 494
Other creditors 430,946 427,446
430,946 427,940

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 9) 571,995 571,995

SONEAL ESTATES LIMITED (REGISTERED NUMBER: 11572246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 571,995 571,995

9. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 571,995 571,995

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 571,995 571,995

Bank loans are secured against the investment properties of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
70 Ordinary-A £1 70 70
30 Ordinary-B £1 30 30
100 100