Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalse62023-05-01falseproject management in the construction industry.6The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05024491 2023-05-01 2024-04-30 05024491 2022-05-01 2023-04-30 05024491 2024-04-30 05024491 2023-04-30 05024491 c:Director1 2023-05-01 2024-04-30 05024491 d:OfficeEquipment 2023-05-01 2024-04-30 05024491 d:OfficeEquipment 2024-04-30 05024491 d:OfficeEquipment 2023-04-30 05024491 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05024491 d:CurrentFinancialInstruments 2024-04-30 05024491 d:CurrentFinancialInstruments 2023-04-30 05024491 d:Non-currentFinancialInstruments 2024-04-30 05024491 d:Non-currentFinancialInstruments 2023-04-30 05024491 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05024491 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05024491 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 05024491 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 05024491 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 05024491 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 05024491 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 05024491 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 05024491 d:ShareCapital 2024-04-30 05024491 d:ShareCapital 2023-04-30 05024491 d:RetainedEarningsAccumulatedLosses 2024-04-30 05024491 d:RetainedEarningsAccumulatedLosses 2023-04-30 05024491 c:OrdinaryShareClass1 2023-05-01 2024-04-30 05024491 c:OrdinaryShareClass1 2024-04-30 05024491 c:FRS102 2023-05-01 2024-04-30 05024491 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05024491 c:FullAccounts 2023-05-01 2024-04-30 05024491 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05024491 d:WithinOneYear 2024-04-30 05024491 d:WithinOneYear 2023-04-30 05024491 d:BetweenOneFiveYears 2024-04-30 05024491 d:BetweenOneFiveYears 2023-04-30 05024491 2 2023-05-01 2024-04-30 05024491 e:PoundSterling 2023-05-01 2024-04-30 05024491 d:EntityControlledByKeyManagementPersonnel1 2023-05-01 2024-04-30 05024491 d:EntityControlledByKeyManagementPersonnel1 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05024491









SONSINO TURCAN CONSTRUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
SONSINO TURCAN CONSTRUCTION LIMITED
REGISTERED NUMBER: 05024491

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
958
1,565

Current assets
  

Debtors: amounts falling due within one year
 5 
841,707
466,744

Cash at bank and in hand
 6 
486,384
365,947

  
1,328,091
832,691

Creditors: amounts falling due within one year
 7 
(835,085)
(369,148)

Net current assets
  
 
 
493,006
 
 
463,543

Total assets less current liabilities
  
493,964
465,108

Creditors: amounts falling due after more than one year
 8 
(16,742)
(32,197)

  

Net assets
  
477,222
432,911


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
477,122
432,811

  
477,222
432,911

Page 1

 
SONSINO TURCAN CONSTRUCTION LIMITED
REGISTERED NUMBER: 05024491
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 January 2025.



W Sonsino
Director


The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
SONSINO TURCAN CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Sonsino Turcan Construction Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 13 Prince of Wales Terrace, London, W8 5PG.
The company specialises in project management in the construction industry.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 3

 
SONSINO TURCAN CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SONSINO TURCAN CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
SONSINO TURCAN CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 6

 
SONSINO TURCAN CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 May 2023
17,787



At 30 April 2024

17,787



Depreciation


At 1 May 2023
16,222


Charge for the year on owned assets
607



At 30 April 2024

16,829



Net book value



At 30 April 2024
958



At 30 April 2023
1,565


5.


Debtors

2024
2023
£
£


Trade debtors
133,899
128,138

Other debtors
402,772
338,606

Prepayments and accrued income
305,036
-

841,707
466,744



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
486,384
365,947

486,384
365,947


Page 7

 
SONSINO TURCAN CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
15,455
15,455

Trade creditors
79,528
61,138

Corporation tax
120,642
12,058

Other taxation and social security
231,953
160,959

Other creditors
2,119
3,373

Accruals and deferred income
385,388
116,165

835,085
369,148



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,742
32,197

16,742
32,197



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
15,455
15,455

Amounts falling due 1-2 years

Bank loans
15,455
15,455

Amounts falling due 2-5 years

Bank loans
1,287
16,742


32,197
47,652


Page 8

 
SONSINO TURCAN CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £193,961 (2023 - £17,798). Contributions totalling £1,578 (2023 - £1,777) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
42,000
36,854

Later than 1 year and not later than 5 years
6,214
-

48,214
36,854


13.


Transactions with directors

At the year end, the company was owed £137,030 (2023 - £94,237) from a director. There are no interest terms or fixed repayment terms.
 
At the year end, the company was owed £228,768 (2023 - £203,939) from a director. There are no interest terms or fixed repayment terms.


14.


Related party transactions

Included within other debtors is an amount of £36,975 (2023 - £40,431) by the company under common control.



15.


Controlling party

The ultimate controlling parties are the directors by virtue of their majority shareholding.

 
Page 9