IRIS Accounts Production v24.3.2.46 10930197 Board of Directors 1.1.24 31.12.24 31.12.24 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109301972023-12-31109301972024-12-31109301972024-01-012024-12-31109301972022-12-31109301972023-01-012023-12-31109301972023-12-3110930197ns15:EnglandWales2024-01-012024-12-3110930197ns14:PoundSterling2024-01-012024-12-3110930197ns10:Director12024-01-012024-12-3110930197ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3110930197ns10:SmallEntities2024-01-012024-12-3110930197ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3110930197ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3110930197ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110930197ns10:FullAccounts2024-01-012024-12-3110930197ns10:OrdinaryShareClass12024-01-012024-12-3110930197ns10:Director22024-01-012024-12-3110930197ns10:RegisteredOffice2024-01-012024-12-3110930197ns5:CurrentFinancialInstruments2024-12-3110930197ns5:CurrentFinancialInstruments2023-12-3110930197ns5:Non-currentFinancialInstruments2024-12-3110930197ns5:Non-currentFinancialInstruments2023-12-3110930197ns5:ShareCapital2024-12-3110930197ns5:ShareCapital2023-12-3110930197ns5:RetainedEarningsAccumulatedLosses2024-12-3110930197ns5:PlantMachinery2024-01-012024-12-3110930197ns5:FurnitureFittings2023-12-3110930197ns5:FurnitureFittings2024-01-012024-12-3110930197ns5:FurnitureFittings2024-12-3110930197ns5:FurnitureFittings2023-12-3110930197ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3110930197ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110930197ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 10930197 (England and Wales)















Soho Collection 2 Ltd

Unaudited Financial Statements for the Year Ended 31 December 2024






Soho Collection 2 Ltd (Registered number: 10930197)






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


Soho Collection 2 Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr A D Barouh
Mr M P Norman





REGISTERED OFFICE: 33a Dean Street
London
W1D 4PP





REGISTERED NUMBER: 10930197 (England and Wales)





ACCOUNTANTS: Elemental CoSec Limited
27 Old Gloucester Street
London
WC1N 3AX

Soho Collection 2 Ltd (Registered number: 10930197)

Balance Sheet
31 December 2024

31.12.24 31.12.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,662 212
Investment property 6 7,446,479 7,392,700
7,450,141 7,392,912

CURRENT ASSETS
Debtors 7 28,471 16,501
Cash at bank 165,037 321,665
193,508 338,166
CREDITORS
Amounts falling due within one year 8 180,471 160,857
NET CURRENT ASSETS 13,037 177,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,463,178

7,570,221

CREDITORS
Amounts falling due after more than one
year

9

8,485,944

8,489,601
NET LIABILITIES (1,022,766 ) (919,380 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (1,022,866 ) (919,480 )
SHAREHOLDERS' FUNDS (1,022,766 ) (919,380 )

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.

Soho Collection 2 Ltd (Registered number: 10930197)

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 20 May 2025 and were signed on its behalf by:





Mr M P Norman - Director


Soho Collection 2 Ltd (Registered number: 10930197)

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

1. STATUTORY INFORMATION

Soho Collection 2 Ltd 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment properties are held at cost and are neither revalued at the balance sheet date nor depreciated.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Soho Collection 2 Ltd (Registered number: 10930197)

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

5. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 January 2024 425
Additions 4,085
At 31 December 2024 4,510
DEPRECIATION
At 1 January 2024 213
Charge for year 635
At 31 December 2024 848
NET BOOK VALUE
At 31 December 2024 3,662
At 31 December 2023 212

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2024 7,392,700
Additions 53,779
At 31 December 2024 7,446,479
NET BOOK VALUE
At 31 December 2024 7,446,479
At 31 December 2023 7,392,700

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
as restated
£    £   
Trade debtors 13,015 10,865
Amounts owed by group undertakings 9,306 -
Other debtors 6,150 5,636
28,471 16,501

Soho Collection 2 Ltd (Registered number: 10930197)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
as restated
£    £   
Trade creditors 1,501 1,885
Amounts owed to group undertakings 111,191 -
Taxation and social security 6,101 4,730
Other creditors 61,678 154,242
180,471 160,857

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
as restated
£    £   
Amounts owed to group undertakings 8,485,944 8,489,601

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: as restated
£    £   
100 Ordinary 1 100 100

11. ULTIMATE CONTROLLING PARTY

The controlling party is Kodama Investments Ltd., Zurich..

The ultimate parent company is:

Kodama Investments Ltd.
c/o KENDRIS AG
Gotthardstrasse 26
6300 Zug
Switzerland