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
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
SOAR HIGH LIMITED
Statement of financial position
as at 29 February 2024
Investment property
207,532
207,532
Cash at bank and in hand
30,272
83
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)
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
SOAR HIGH LIMITED
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
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 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.
Fair value at 1 March 2023
207,532
At 29 February 2024
207,532
SOAR HIGH LIMITED
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
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
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).