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Registration number: 00618968

Sonnenthal Properties Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Sonnenthal Properties Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sonnenthal Properties Limited

Company Information
__________________________________________________________________________

Director

Helen Sonnenthal

Registered office

Abbey House
342, Regents Park Road
London
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Sonnenthal Properties Limited

(Registration number: 00618968)
Balance Sheet as at 31 March 2024
__________________________________________________________________________

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

2,350,000

2,350,000

Current assets

 

Debtors

4

-

925

Investments

5

2,332,787

2,332,787

Cash at bank and in hand

 

900,723

1,347,093

 

3,233,510

3,680,805

Creditors: Amounts falling due within one year

6

(62,551)

(127,454)

Net current assets

 

3,170,959

3,553,351

Net assets

 

5,520,959

5,903,351

Capital and reserves

 

Called up share capital

7

2,500

2,500

Revaluation reserve

2,364,100

2,364,100

Retained earnings

3,154,359

3,536,751

Shareholders' funds

 

5,520,959

5,903,351

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 12 November 2024
 

.........................................
Helen Sonnenthal
Director

 

Sonnenthal Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

1

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Sonnenthal Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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.

2

Staff numbers

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

 

Sonnenthal Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

2,350,000

2,350,000

At 31 March 2024

2,350,000

2,350,000

Depreciation

Carrying amount

At 31 March 2024

2,350,000

2,350,000

At 31 March 2023

2,350,000

2,350,000

Included within the net book value of land and buildings above is £2,350,000 (2023 - £2,350,000) in respect of freehold land and buildings.
 

4

Debtors

Current

2024
£

2023
£

Prepayments

-

925

 

-

925

5

Current asset investments

2024
£

2023
£

Listed investments

2,332,787

2,332,787

Listed investments

Investments having a net book value of £2,332,787 (31 March 2023 - £2,332,787) are listed on a recognised stock exchange and had a market value of £2,687,397 at the end of the year (31 March 2023 - £Nil).

 

Sonnenthal Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

27,800

14,055

Taxation and social security

34,751

113,399

62,551

127,454

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2,500

2,500

2,500

2,500

       

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

1,376,000

1,376,000