SOR Holding (UK) Limited 03132174 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is a holding undertaking for various Scientology communities. Digita Accounts Production Advanced 6.30.9574.0 true false true 03132174 2023-01-01 2023-12-31 03132174 2023-12-31 03132174 bus:OrdinaryShareClass2 2023-12-31 03132174 core:CurrentFinancialInstruments 2023-12-31 03132174 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03132174 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 03132174 core:CostValuation 2023-12-31 03132174 bus:SmallEntities 2023-01-01 2023-12-31 03132174 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03132174 bus:FilletedAccounts 2023-01-01 2023-12-31 03132174 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03132174 bus:RegisteredOffice 2023-01-01 2023-12-31 03132174 bus:Director2 2023-01-01 2023-12-31 03132174 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 03132174 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03132174 core:Buildings 2023-01-01 2023-12-31 03132174 core:ComputerEquipment 2023-01-01 2023-12-31 03132174 core:FurnitureFittings 2023-01-01 2023-12-31 03132174 core:LandBuildings 2023-01-01 2023-12-31 03132174 core:Subsidiary1 2023-01-01 2023-12-31 03132174 core:Subsidiary1 1 2023-01-01 2023-12-31 03132174 core:Subsidiary1 countries:France 2023-01-01 2023-12-31 03132174 core:Subsidiary2 2023-01-01 2023-12-31 03132174 core:Subsidiary2 1 2023-01-01 2023-12-31 03132174 core:Subsidiary2 countries:France 2023-01-01 2023-12-31 03132174 core:Subsidiary3 2023-01-01 2023-12-31 03132174 core:Subsidiary3 1 2023-01-01 2023-12-31 03132174 core:Subsidiary3 countries:Austria 2023-01-01 2023-12-31 03132174 core:Subsidiary4 2023-01-01 2023-12-31 03132174 core:Subsidiary4 1 2023-01-01 2023-12-31 03132174 core:Subsidiary4 countries:Germany 2023-01-01 2023-12-31 03132174 core:Subsidiary5 2023-01-01 2023-12-31 03132174 core:Subsidiary5 1 2023-01-01 2023-12-31 03132174 core:Subsidiary5 countries:Greece 2023-01-01 2023-12-31 03132174 countries:EnglandWales 2023-01-01 2023-12-31 03132174 core:CostValuation 2022-12-31 03132174 2022-01-01 2022-12-31 03132174 2022-12-31 03132174 bus:OrdinaryShareClass2 2022-12-31 03132174 core:CurrentFinancialInstruments 2022-12-31 03132174 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03132174 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-12-31 03132174 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 03132174 core:PreviouslyStatedAmount 2022-12-31 03132174 core:Subsidiary1 1 2022-01-01 2022-12-31 03132174 core:Subsidiary2 1 2022-01-01 2022-12-31 03132174 core:Subsidiary3 1 2022-01-01 2022-12-31 03132174 core:Subsidiary4 1 2022-01-01 2022-12-31 03132174 core:Subsidiary5 1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03132174

SOR Holding (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

SOR Holding (UK) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

SOR Holding (UK) Limited

Company Information

Director

Mr S R Hodkin

Registered office

42-44 Copthorne Road
Felbridge
East Grinstead
West Sussex
RH19 2NS

Accountants

Grant Sellers Limited
Bank Court
Manor Road
Verwood
Dorset
BH31 6DY

 

SOR Holding (UK) Limited

(Registration number: 03132174)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

46,663

46,663

Current assets

 

Debtors

5

2,075,075

1,912,552

Cash at bank and in hand

 

7,104,837

7,070,353

 

9,179,912

8,982,905

Creditors: Amounts falling due within one year

6

(279,424)

(2,844,570)

Net current assets

 

8,900,488

6,138,335

Total assets less current liabilities

 

8,947,151

6,184,998

Creditors: Amounts falling due after more than one year

6

(2,267,333)

-

Net assets

 

6,679,818

6,184,998

Capital and reserves

 

Called up share capital

7

11,000,999

11,000,999

Retained earnings

(4,321,181)

(4,816,001)

Shareholders' funds

 

6,679,818

6,184,998

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 March 2025
 

 

SOR Holding (UK) Limited

(Registration number: 03132174)
Balance Sheet as at 31 December 2023 (continued)

.........................................
Mr S R Hodkin
Director

 

SOR Holding (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42-44 Copthorne Road
Felbridge
East Grinstead
West Sussex
RH19 2NS

These financial statements were authorised for issue by the director on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and rounded to the nearest £1.

Group accounts not prepared

The financial statements contain information about SOR Holding (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

 

SOR Holding (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Asset class

Depreciation method and rate

Freehold property

2% on cost

Long leasehold

5% on cost

Fixtures and fittings

20% on cost

Computer equipment

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.
The profits from the French Societe Civile immobilere subsidiary undertakings are recognised in the Income Statement in the year in which they are made available to the company by its subsidiaries, due to their nature. Foreign tax on such profits is recognised in the same year as those profits. Profits from the other subsidiary undertakings are only recognised when they are remitted to the company.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in subsidiaries

46,663

46,663

 

SOR Holding (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

4

Investments (continued)

Subsidiaries

£

Cost or valuation

At 1 January 2023

46,663

At 31 December 2023

46,663

Provision

Carrying amount

At 31 December 2023

46,663

At 31 December 2022

46,663

 

SOR Holding (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

4

Investments (continued)

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Societe Civile Immobilere Sorba

102 Avenue Des Champs Elysees, 75008 Paris

France

Ordinary

0%

99%

Societe Civile Immobilere Parisorba

102 Avenue Des Champs Elysees, 75008 Paris

France

Ordinary

0%

99.9%

New Era Handels GmbH (trading as New Dynamica)

Capistrangasse 4/1-3, 1060 Wien

Austria

Ordinary

0%

100%

Theta Books GmbH

Beichstrasse 12, 80802, Muchen

Germany

Ordinary

0%

100%

Neos Politismos Monoprosopi Epe (Neos) (trading as New Civilisation)

Evripidou 11, 10561, Athens

Greece

Ordinary

0%

100%

 

SOR Holding (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

4

Investments (continued)

Subsidiary undertakings

Societe Civile Immobilere Sorba

The principal activity of Societe Civile Immobilere Sorba is Property Investment.

Societe Civile Immobilere Parisorba

The principal activity of Societe Civile Immobilere Parisorba is Property Investment.

New Era Handels GmbH (trading as New Dynamica)

The principal activity of New Era Handels GmbH (trading as New Dynamica) is Sale and distribution of literature.

Theta Books GmbH

The principal activity of Theta Books GmbH is Sale and distribution of literature.

Neos Politismos Monoprosopi Epe (Neos) (trading as New Civilisation)

The principal activity of Neos Politismos Monoprosopi Epe (Neos) (trading as New Civilisation) is Sale and distribution of literature.

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

8

2,073,525

1,912,552

Other debtors

 

1,550

-

   

2,075,075

1,912,552

The amounts owed by group companies are interest free and repayable on demand.

 

SOR Holding (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings

8

-

2,374,099

Taxation and social security

 

255,500

426,500

Accruals and deferred income

 

23,925

43,971

Other creditors

 

(1)

-

 

279,424

2,844,570

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other non-current financial liabilities

2,267,333

-

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

11,000,999

11,000,999

11,000,999

11,000,999

       

8

Related party transactions

All income is as a result of transactions between entities in the Scientology organisation. The parent undertaking, Scientology International Reserves Trust, has provided written communication that it has the ability to support the company and enable it to continue as a going concern, should the need arise.

Other related party transactions related to intercompany loans disclosed in note 5 and 6.

9

Controlling party

 

SOR Holding (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

9

Controlling party (continued)

The ultimate Holding undertaking is Scientology International Reserves Trust (SIRT) a trust formed under an Instrument of Deed dated 24 November 1988, which is SOR Holding (UK) Limited's parent.