Registration number:
SOR Holding (UK) Limited
for the Year Ended 31 December 2023
SOR Holding (UK) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
SOR Holding (UK) Limited
Company Information
Director |
Mr S R Hodkin |
Registered office |
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Accountants |
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SOR Holding (UK) Limited
(Registration number: 03132174)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
11,000,999 |
11,000,999 |
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Retained earnings |
(4,321,181) |
(4,816,001) |
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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:
• |
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• |
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
SOR Holding (UK) Limited
(Registration number: 03132174)
Balance Sheet as at 31 December 2023 (continued)
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SOR Holding (UK) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
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
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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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 |
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At 1 January 2023 |
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At 31 December 2023 |
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Provision |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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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 |
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2023 |
2022 |
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Subsidiary undertakings |
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102 Avenue Des Champs Elysees, 75008 Paris France |
Ordinary |
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102 Avenue Des Champs Elysees, 75008 Paris France |
Ordinary |
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Capistrangasse 4/1-3, 1060 Wien Austria |
Ordinary |
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Beichstrasse 12, 80802, Muchen Germany |
Ordinary |
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Evripidou 11, 10561, Athens Greece |
Ordinary |
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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 |
Societe Civile Immobilere Parisorba The principal activity of Societe Civile Immobilere Parisorba is |
New Era Handels GmbH (trading as New Dynamica) The principal activity of New Era Handels GmbH (trading as New Dynamica) is |
Theta Books GmbH The principal activity of Theta Books GmbH is |
Neos Politismos Monoprosopi Epe (Neos) (trading as New Civilisation) The principal activity of Neos Politismos Monoprosopi Epe (Neos) (trading as New Civilisation) is |
Debtors |
Current |
Note |
2023 |
2022 |
Amounts owed by related parties |
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Other debtors |
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- |
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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)
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Amounts owed to group undertakings |
- |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
( |
- |
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Creditors: amounts falling due after more than one year
2023 |
2022 |
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Due after one year |
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Other non-current financial liabilities |
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- |
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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11,000,999 |
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11,000,999 |
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.
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.