Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30No description of principal activityfalse2false2022-10-012truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12359606 2022-10-01 2023-09-30 12359606 2021-10-01 2022-09-30 12359606 2023-09-30 12359606 2022-09-30 12359606 c:Director1 2022-10-01 2023-09-30 12359606 d:CurrentFinancialInstruments 2023-09-30 12359606 d:CurrentFinancialInstruments 2022-09-30 12359606 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12359606 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12359606 d:ShareCapital 2023-09-30 12359606 d:ShareCapital 2022-09-30 12359606 d:RetainedEarningsAccumulatedLosses 2023-09-30 12359606 d:RetainedEarningsAccumulatedLosses 2022-09-30 12359606 c:FRS102 2022-10-01 2023-09-30 12359606 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12359606 c:FullAccounts 2022-10-01 2023-09-30 12359606 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12359606 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 12359606










SOLLER CAPITAL MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
SOLLER CAPITAL MANAGEMENT LIMITED
REGISTERED NUMBER: 12359606

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
500,674
209,515

Cash at bank and in hand
 5 
1,289
2,853

  
501,963
212,368

Creditors: amounts falling due within one year
 6 
(1,366,582)
(701,636)

Net current liabilities
  
 
 
(864,619)
 
 
(489,268)

Total assets less current liabilities
  
(864,619)
(489,268)

  

Net liabilities
  
(864,619)
(489,268)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(864,719)
(489,368)

  
(864,619)
(489,268)


Page 1

 
SOLLER CAPITAL MANAGEMENT LIMITED
REGISTERED NUMBER: 12359606
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers 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 director acknowledges his 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 by: 


N J Treadaway
Director

Date: 7 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SOLLER CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Soller Capital Management Limited is a private company, limited by shares, incorporated in England & Wales, registration number 123259606. The registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
The principal activity of the company during the period was the development of building projects.   

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are prepared in pounds sterling, the functional currency, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

At 30 September 2023, the company had net liabilities of £864,619. The financial statements have been prepared on a going concern basis. The director N J Treadway has considered the relevant information and confirmed his ability and commitment to support the company for at least 12 months from the date of the approval of the financial statements. 

 
2.3

Finance costs

Finance costs are charged to profit or loss 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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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 3

 
SOLLER CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was 2 (2022: 2).







4.


Debtors

2023
2022
£
£


Other debtors
500,674
209,515

500,674
209,515



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,289
2,853

1,289
2,853


Page 4

 
SOLLER CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
122,000
-

Trade creditors
-
1,560

Other taxation and social security
7,287
11,161

Other creditors
1,233,795
685,415

Accruals and deferred income
3,500
3,500

1,366,582
701,636


Page 5

 
SOLLER CAPITAL MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Related party transactions

During the year the director, N J Treadaway incurred costs of £4,470 (2022: £103,000) on behalf of the company and recieved repayments of £40,375. At the year end a balance of £229,246 was owed to the director. The loan is interest free, unsecured and repayable on demand.                        As at 30 September 2023, the company owed £142,681 (2022: £22,100 owed by JJC Consulting Services) to JJC Consulting Services, a company of which the director, JA Palmer is a director. The loan bears interest at 15%.
                                                                          As at 30 September 2023, the company owed £27,000 (2022: £27,000) to M Webster, a shareholder. The loan is interest free, unsecured and repayable on demand.                          As at 30 September 2023, the company owed £130,704 (2022: £136,000) to S Jahanshani, a shareholder. The loan is interest free, unsecured and repayable on demand.                        As at 30 September 2023, the company owed £194,900 (2021: £57,500) to Soller Sixteen Limited, a company of which the director, N J Treadway is a director. The loan is interest free, unsecured and repayable on demand.                                As at 30 September 2023, the company owed £509,264 (2022: £200,064) to Soller Development Management Limited, a company of which the directors, N J Treadway and J A Palmer are directors. The loan is interest free, unsecured and repayable on demand.                          As at 30 September 2023, the company was owed £113,224 (2022: £87,445) by The Soller Group Limited, a company of which the director, N J Treadway is a director. The loan is interest free, unsecured and repayable on demand.                               As at 30 September 2023, the company was owed £420 (2022: £420) by Soller Seven Limited, a company of which the director, N J Treadway is a director. The loan is interest free, unsecured and repayable on demand.                                As at 30 September 2023, the company was owed £22,000 (2022: £22,000) by Soller Eleven Limited, a company of which the director, N J Treadway is a director. The loan is interest free, unsecured and repayable on demand.                               As at 30 September 2023, the company was owed £57,650 (2022: £57,650) by Soller Fifteen Limited,  a company of which the director, N J Treadway is a director. The loan is interest free, unsecured and repayable on demand.        

 
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