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Registered number: 09639089
House of Sonnaz Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Nick C Baldwin & Co
Chartered Accountants
Unit 1 Uddens Trading Estate
Wimborne
Dorset
BH21 7LQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09639089
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,868 11,368
Tangible Assets 5 26,613 29,779
34,481 41,147
CURRENT ASSETS
Stocks 6 7,500 5,000
Debtors 7 8,179 41,559
Cash at bank and in hand 5,652 5,223
21,331 51,782
Creditors: Amounts Falling Due Within One Year 8 (44,883 ) (61,703 )
NET CURRENT ASSETS (LIABILITIES) (23,552 ) (9,921 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,929 31,226
Creditors: Amounts Falling Due After More Than One Year 9 (10,765 ) (11,223 )
NET ASSETS 164 20,003
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 163 20,002
SHAREHOLDERS' FUNDS 164 20,003
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Sonnaz Corry
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
House of Sonnaz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09639089 . The registered office is Unit 6c Uddens Trading Estate, Wimborne, Dorset, BH21 7LQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 50 years
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 20% reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 3)
1 3
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2023 35,000 1,240 36,240
As at 31 March 2024 35,000 1,240 36,240
Amortisation
As at 1 April 2023 24,500 372 24,872
Provided during the period 3,500 - 3,500
As at 31 March 2024 28,000 372 28,372
Net Book Value
As at 31 March 2024 7,000 868 7,868
As at 1 April 2023 10,500 868 11,368
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 10,877 15,134 19,740 7,965 53,716
Additions - - - 1,027 1,027
As at 31 March 2024 10,877 15,134 19,740 8,992 54,743
Depreciation
As at 1 April 2023 653 10,221 9,856 3,207 23,937
Provided during the period - 991 2,471 731 4,193
As at 31 March 2024 653 11,212 12,327 3,938 28,130
Net Book Value
As at 31 March 2024 10,224 3,922 7,413 5,054 26,613
As at 1 April 2023 10,224 4,913 9,884 4,758 29,779
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock - 5,000
Materials 7,500 -
7,500 5,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,475 24,374
Amounts owed by participating interests - 5,866
Other debtors 4,532 11,319
8,007 41,559
Due after more than one year
Other debtors 172 -
8,179 41,559
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 446 3,801
Bank loans and overdrafts 928 1,793
Other creditors 39,738 45,060
Taxation and social security 3,771 11,049
44,883 61,703
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,765 11,214
Other creditors - 9
10,765 11,223
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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