REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
Soliba Investments Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
Soliba Investments Ltd |
Soliba Investments Ltd (Registered number: 13096603) |
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 |
Soliba Investments Ltd |
Company Information |
for the year ended 31 December 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
15a Harbour Road |
Inverness |
INVERNESS-SHIRE |
IV1 1SY |
Soliba Investments Ltd (Registered number: 13096603) |
Balance Sheet |
31 December 2024 |
31.12.24 | 31.12.23 |
Notes | € | € |
FIXED ASSETS |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Soliba Investments Ltd (Registered number: 13096603) |
Balance Sheet - continued |
31 December 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Soliba Investments Ltd (Registered number: 13096603) |
Notes to the Financial Statements |
for the year ended 31 December 2024 |
1. | STATUTORY INFORMATION |
The principal activity of Soliba Investments Ltd is that of an investment holding company. |
The company is a private company limited by shares and incorporated in the UK. Its registered office is Suite 1, 7th Floor 50 Broadway, London, SW1H 0BL. The company’s registered number is 13096603. |
The financial statements are presented in Euro, which is the functional currency of the company. |
The company has no employees. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements are prepared on a going concern basis, under the historical cost convention. |
General revenue |
General revenue is accounted for on a receivable basis. |
Investment income |
Investment income is accounted for on a receivable basis. |
Interest income |
Interest income is accounted for on a receivable basis. |
Expenses |
Expenses are recognised on an accruals basis. |
Foreign Currency |
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. |
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. |
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. |
Taxation |
Soliba Investments Ltd (Registered number: 13096603) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2024 |
Taxation expense where applicable comprises current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income. |
Foreign currencies |
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. |
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. |
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are regognised in the statement of comprehensive income. |
Unquoted investments |
Unquoted investments are stated at cost. Any surplus or deficit arising on the disposal of investments is transferred to the statement of comprehensive income. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
5. | FIXED ASSET INVESTMENTS |
31.12.24 | 31.12.23 |
€ | € |
Brought forward and carried forward | 38,183 | 38,183 |
Analysed as: |
D-Click Inc | 4,109 | 4,109 |
Logidis Ltd | 5 | 5 |
Global Computing Limited | 29,998 | 29,998 |
BITS - Best IT Services Limited | 4,071 | 4,071 |
38,183 | 38,183 |
The company owns 5% of the share capital in each of the unquoted investments listed above. |
Soliba Investments Ltd (Registered number: 13096603) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
€ | € |
Loan receivable: |
BITS - Best IT Services Ltd | - | 150 |
D-Click Inc | 7,862 | 7,862 |
Global Computing Ltd | 16,285 | 16,285 |
Shareholder loan | 70,289 | - |
Expenses | 466 | - |
Prepayments | 4,610 | 4,507 |
99,512 | 28,804 |
The loans receivable are unsecured, interest free and repayable on demand. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
€ | € |
Loans payable: |
Shareholder loan | - | 189,348 |
BITS - Best IT Services Ltd | 4,664 | 4,526 |
Other creditors and accruals | 1,300 | 2,000 |
5,964 | 195,874 |
The Shareholder loan is unsecured, interest free and repayable on demand. |
8. | CALLED UP SHARE CAPITAL |
31.12.24 | 31.12.23 |
€ | € |
Ordinary shares of £100 each |
Allotted, called up and fully paid |
At 1 January and at 31 December | 10,968 | 10,968 |
31.12.24 | 31.12.23 |
€ | € |
Authorised | £10,000 | £10,000 |