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REGISTERED NUMBER: 00980045 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SONIC AGE LIMITED

SONIC AGE LIMITED (REGISTERED NUMBER: 00980045)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SONIC AGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr J S Reid
Mrs A P Reid
Mrs A S Reid
Mr R S Scott



SECRETARY: Mr J S Reid



REGISTERED OFFICE: Crystal Cottage
St Johns In The Vale
Keswick
Cumbria
CA12 4TS



REGISTERED NUMBER: 00980045 (England and Wales)



ACCOUNTANTS: Read, Milburn & Co
71 Howard Street
North Shields
Tyne and Wear
NE30 1AF



BANKERS: Barclays Bank plc
215 High Street
Gateshead
Tyne and Wear
NE8 1BX

SONIC AGE LIMITED (REGISTERED NUMBER: 00980045)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,731 39,647
Investment property 5 1,400,000 1,400,000
1,443,731 1,439,647

CURRENT ASSETS
Debtors 6 20,064 21,917
Cash at bank 10,824 8,513
30,888 30,430
CREDITORS
Amounts falling due within one year 7 207,403 233,793
NET CURRENT LIABILITIES (176,515 ) (203,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,267,216

1,236,284

PROVISIONS FOR LIABILITIES 219,805 219,805
NET ASSETS 1,047,411 1,016,479

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Undistributable reserve 8 1,076,387 1,076,387
Retained earnings (38,976 ) (69,908 )
SHAREHOLDERS' FUNDS 1,047,411 1,016,479

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

SONIC AGE LIMITED (REGISTERED NUMBER: 00980045)

BALANCE SHEET - continued
31 AUGUST 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 25 March 2025 and were signed on its behalf by:





Mrs A P Reid - Director


SONIC AGE LIMITED (REGISTERED NUMBER: 00980045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Sonic Age 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 presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest £.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received and net invoiced sales of goods, excluding value added tax. The turnover is recognised in the accounts on the date the sale is made.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Laboratory equipment - 15% on reducing balance
Office equipment - 15% on reducing balance
Computer equipment - 33% on cost

Investment property
In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 no depreciation is provided in respect of freehold properties as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the director considers that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be identified or quantified. The director considers that this policy results in the accounts giving a true and fair view.

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.


SONIC AGE LIMITED (REGISTERED NUMBER: 00980045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 51,595 69,583 121,178
Additions - 9,879 9,879
At 31 August 2024 51,595 79,462 131,057
DEPRECIATION
At 1 September 2023 20,620 60,911 81,531
Charge for year 1,031 4,764 5,795
At 31 August 2024 21,651 65,675 87,326
NET BOOK VALUE
At 31 August 2024 29,944 13,787 43,731
At 31 August 2023 30,975 8,672 39,647

SONIC AGE LIMITED (REGISTERED NUMBER: 00980045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,400,000
NET BOOK VALUE
At 31 August 2024 1,400,000
At 31 August 2023 1,400,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 1992 236,191
Valuation in 2004 210,000
Valuation in 2005 1,450,000
Valuation in 2006 400,000
Valuation in 2009 (900,000 )
Valuation in 2011 (150,000 )
Valuation in 2014 1
Valuation in 2019 150,000
Valuation in 2020 (100,000 )
Cost 103,808
1,400,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 103,808 103,808

The investment property was valued on an open market basis on 31 August 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,794 8,779
Other debtors 11,270 13,138
20,064 21,917

SONIC AGE LIMITED (REGISTERED NUMBER: 00980045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,064 971
Taxation and social security 6,785 6,599
Other creditors 199,554 226,223
207,403 233,793

8. RESERVES
Undistributable
reserve
£   
At 1 September 2023
and 31 August 2024 1,076,387

9. RELATED PARTY DISCLOSURES

Faithissue Limited
Included in other creditors is an amount of £179,296 (2023 - £206,040) in respect of amounts owed by the company to Faithissue Limited. Mr J S Reid, director and majority shareholder of Sonic Age Limited, is a director and 50% shareholder in Faithissue Limited.

Pinetree Health and Fitness Limited
Included in other debtors is an amount of £7,504 (2023 - £7,504) owed to the company by Pinetree Health and Fitness Limited a company in which Mr J S Reid is a director and 90% shareholder.

During the year rent of £80,000 was received from Pinetree Health and Fitness Limited.

Sonic Age America LLC
During the year sales of £36,317 (2023 - £30,968) was received from Sonic Age America LLC, a limited liability company formed in the United States of America. Mr J S and Mrs A S Reid, directors of Sonic Age Limited are managers in this business and have a 80% stake in the organisation.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J S Reid by virtue of his ownership of 51% of the issued ordinary share capital in the company.