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REGISTERED NUMBER: 15064732 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SORDO MADALENO LIMITED

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SORDO MADALENO LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Gerini Igartua
J Miranda
J E Miller





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 15064732 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,964 -

CURRENT ASSETS
Debtors 5 245,436 1
Cash at bank 1,301,345 10,954
1,546,781 10,955
CREDITORS
Amounts falling due within one year 6 1,320,241 4,430
NET CURRENT ASSETS 226,540 6,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,504

6,525

PROVISIONS FOR LIABILITIES 7 323,166 -
NET ASSETS 81,338 6,525

CAPITAL AND RESERVES
Called up share capital 8 2 1
Share premium 4,999 -
Retained earnings 76,337 6,524
SHAREHOLDERS' FUNDS 81,338 6,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

Balance Sheet - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





J Gerini Igartua - Director


SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Sordo Madaleno Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The trading address of the company is Suite 3.01, 91 Wimpole Street, London W1G 0EF.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of 12 months and one day from the date these financial statements were approved. The directors expect the company to continue as a going concern with the additional financial support of its parent company, Moradias, S. De R.L. De C.V

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
The company provides architectural design services and recognises revenue in accordance with FRS102 - Section 23.

Revenue is measured at the contractually agreed price for each stage of the project and is recognised over time as performance obligations are satisfied, using an input method based on the percentage of completion. Given the nature of our services, which are delivered progressively and provide value to clients throughout the project lifecycle, we apply a time-based measure of progress, recognising revenue evenly over the duration of each stage of the contract.

This approach reflects the continuous transfer of control and benefits to the customer as design work progresses. Where contractual terms specify distinct milestones or deliverables, revenue may be recognised in line with those obligations, provided they represent a faithful depiction of performance completion.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are measured at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

Financial instruments
Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.


SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 1 ) .

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 201,767
At 31 December 2024 201,767
DEPRECIATION
Charge for year 23,803
At 31 December 2024 23,803
NET BOOK VALUE
At 31 December 2024 177,964

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 245,436 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 801,677 -
Taxation and social security 174,023 1,530
Other creditors & accruals 344,541 2,900
1,320,241 4,430

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 26,314 -
Other provisions 296,852 -
323,166 -

Deferred Other
tax provisions
£    £   
Provided during year 26,314 296,852
Balance at 31 December 2024 26,314 296,852

Other provisions represents expected contract losses.

SORDO MADALENO LIMITED (REGISTERED NUMBER: 15064732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 1

1 Ordinary share of £1 was allotted as fully paid at a premium of £4999 during the year.

9. ULTIMATE PARENT COMPANY

At the balance sheet date, the ultimate and immediate parent company was Moradias, S. De R.L. De C.V. a company incorporated in Mexico.