Somebody Holding Ltd 12455572 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is holding company Digita Accounts Production Advanced 6.30.9574.0 true false true 12455572 2023-03-01 2024-02-29 12455572 2024-02-29 12455572 core:CurrentFinancialInstruments 2024-02-29 12455572 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 12455572 bus:SmallEntities 2023-03-01 2024-02-29 12455572 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12455572 bus:FilletedAccounts 2023-03-01 2024-02-29 12455572 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12455572 bus:RegisteredOffice 2023-03-01 2024-02-29 12455572 bus:Director1 2023-03-01 2024-02-29 12455572 bus:Director2 2023-03-01 2024-02-29 12455572 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12455572 countries:EnglandWales 2023-03-01 2024-02-29 12455572 core:CostValuation 2023-02-28 12455572 2022-03-01 2023-02-28 12455572 2023-02-28 12455572 core:CurrentFinancialInstruments 2023-02-28 12455572 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12455572

Somebody Holding Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Somebody Holding Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Somebody Holding Ltd

Company Information

Directors

Mr Adam Tobias la Cour

Mr John Reginald Wilkes

Registered office

320 Garratt Lane
London
SW18 4EJ

Accountants

Franklin Chartered Accountants
320 Garratt Lane
London
SW18 4EJ

 

Somebody Holding Ltd

(Registration number: 12455572)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

50,400

50,400

Current assets

 

Debtors

5

91,406

69,156

Cash at bank and in hand

 

4,962

67,918

 

96,368

137,074

Creditors: Amounts falling due within one year

6

(21,689)

(1,440)

Net current assets

 

74,679

135,634

Net assets

 

125,079

186,034

Capital and reserves

 

Called up share capital

7

54,400

54,400

Retained earnings

70,679

131,634

Shareholders' funds

 

125,079

186,034

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 November 2024 and signed on its behalf by:
 

.........................................
Mr Adam Tobias la Cour
Director

 

Somebody Holding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
320 Garratt Lane
London
SW18 4EJ

These financial statements were authorised for issue by the Board on 6 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Somebody Holding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Somebody Holding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments 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.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments 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.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Somebody Holding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

50,400

50,400

Subsidiaries

£

Cost or valuation

At 1 March 2023

50,400

Provision

Carrying amount

At 29 February 2024

50,400

At 28 February 2023

50,400

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

11,156

9,156

Other debtors

 

80,250

60,000

   

91,406

69,156

 

Somebody Holding Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

20,250

-

Other creditors

1,439

1,440

21,689

1,440

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

1,400

1,400

1,400

1,400

Ordinary B of £1 each

1,400

1,400

1,400

1,400

Ordinary C of £1 each

200

200

200

200

Ordinary D of £1 each

400

400

400

400

Ordinary E of £1 each

300

300

300

300

Ordinary F of £1 each

300

300

300

300

Ordinary G of £1 each

50,400

50,400

50,400

50,400

54,400

54,400

54,400

54,400