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Company Registration No. 13208683 (England and Wales)
SOAR HIGH LIMITED Unaudited accounts for the year ended 29 February 2024
SOAR HIGH LIMITED Unaudited accounts Contents
Page
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SOAR HIGH LIMITED Company Information for the year ended 29 February 2024
Directors
KUMAR, Periyasamy, Dr DURAISAMY, Nandakumar
Company Number
13208683 (England and Wales)
Registered Office
1 SWALLOW COURT DOLLIS CRESCENT RUISLIP HA4 9ST ENGLAND
Accountants
Tally Tally Accountants 79 College Road Harrow HA1 1BD
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SOAR HIGH LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
207,532 
207,532 
Current assets
Debtors
- 
10,822 
Cash at bank and in hand
30,272 
83 
30,272 
10,905 
Creditors: amounts falling due within one year
(1,380)
(1,005)
Net current assets
28,892 
9,900 
Total assets less current liabilities
236,424 
217,432 
Creditors: amounts falling due after more than one year
(239,315)
(220,223)
Net liabilities
(2,891)
(2,791)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,991)
(2,891)
Shareholders' funds
(2,891)
(2,791)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2024 and were signed on its behalf by
DURAISAMY, Nandakumar Director Company Registration No. 13208683
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SOAR HIGH LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SOAR HIGH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13208683. The registered office is 1 SWALLOW COURT, DOLLIS CRESCENT, RUISLIP, HA4 9ST, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
207,532 
At 29 February 2024
207,532 
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SOAR HIGH LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
10,822 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
1,380 
1,005 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
111,414 
86,323 
Loans from directors
127,901 
133,900 
239,315 
220,223 
8
Transactions with related parties
At the year-end date, the directors have a credit balance of £127,901 (2023: £133,900 Cr) on their current account, and this amount is included in creditors payable after more than one year.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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