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REGISTERED NUMBER: 09916328 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Solid Bond Capital Limited

Solid Bond Capital Limited (Registered number: 09916328)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Solid Bond Capital Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: S Sulaman
S J Caunce





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 09916328 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Solid Bond Capital Limited (Registered number: 09916328)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,882 8,654
Tangible assets 5 8,547 10,808
15,429 19,462

CURRENT ASSETS
Debtors 6 1,755,731 1,753,871
Cash at bank 42,334 100,747
1,798,065 1,854,618
CREDITORS
Amounts falling due within one year 7 585,008 536,391
NET CURRENT ASSETS 1,213,057 1,318,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,228,486

1,337,689

CREDITORS
Amounts falling due after more than one
year

8

1,750,000

1,750,000
NET LIABILITIES (521,514 ) (412,311 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (521,614 ) (412,411 )
(521,514 ) (412,311 )

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

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

Solid Bond Capital Limited (Registered number: 09916328)

Balance Sheet - continued
31st 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 30th October 2024 and were signed on its behalf by:





S Sulaman - Director


Solid Bond Capital Limited (Registered number: 09916328)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Solid Bond Capital 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.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 5 years and Straight line over 4 years

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Solid Bond Capital Limited (Registered number: 09916328)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for the twelve months from the date of signing these financial accounts. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

However, should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise.

The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023
and 31st December 2023 8,860
AMORTISATION
At 1st January 2023 206
Charge for year 1,772
At 31st December 2023 1,978
NET BOOK VALUE
At 31st December 2023 6,882
At 31st December 2022 8,654

Solid Bond Capital Limited (Registered number: 09916328)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 19,141
Additions 2,166
At 31st December 2023 21,307
DEPRECIATION
At 1st January 2023 8,333
Charge for year 4,427
At 31st December 2023 12,760
NET BOOK VALUE
At 31st December 2023 8,547
At 31st December 2022 10,808

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,800 -
Other debtors 1,753,931 1,753,871
1,755,731 1,753,871

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,090 1,620
Taxation and social security 9,534 8,961
Other creditors 570,384 525,810
585,008 536,391

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,750,000 1,750,000

9. RELATED PARTY DISCLOSURES

At the period end, there is a loan to a connected company of £1,250,000 (2022: £1,250,000). There is interest charged on the loan at a market rate.

There is a loan from a director to the company of £1,750,000 (2022: £1,750,000) that is attracting interest at a market rate. There is no fixed repayment date.

Solid Bond Capital Limited (Registered number: 09916328)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.