Silverfin false false 29/02/2024 18/02/2023 29/02/2024 B D Harshak 18/02/2023 F McNamara 27/03/2023 M S Weiner 18/02/2023 28 May 2025 The company was incorporated on 18 February 2023.

The principal activity of the company during the financial period was that of the development of building projects.
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Company No: 14672497 (England and Wales)

SOCO REAL ESTATE (WOOD STREET) LIMITED

Unaudited Financial Statements
For the financial period from 18 February 2023 to 29 February 2024
Pages for filing with the registrar

SOCO REAL ESTATE (WOOD STREET) LIMITED

Unaudited Financial Statements

For the financial period from 18 February 2023 to 29 February 2024

Contents

SOCO REAL ESTATE (WOOD STREET) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 29 February 2024
SOCO REAL ESTATE (WOOD STREET) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 29 February 2024
Note 29.02.2024
£
Current assets
Debtors 3 849,974
Cash at bank and in hand 20,271
870,245
Creditors: amounts falling due within one year 4 ( 964,796)
Net current liabilities (94,551)
Total assets less current liabilities (94,551)
Net liabilities ( 94,551)
Capital and reserves
Called-up share capital 5 167
Profit and loss account ( 94,718 )
Total shareholder's deficit ( 94,551)

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Soco Real Estate (Wood Street) Limited (registered number: 14672497) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

B D Harshak
Director

28 May 2025

SOCO REAL ESTATE (WOOD STREET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 February 2023 to 29 February 2024
SOCO REAL ESTATE (WOOD STREET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 February 2023 to 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Soco Real Estate (Wood Street) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
18.02.2023 to
29.02.2024
Number
Monthly average number of persons employed by the company during the period, including directors 3

3. Debtors

29.02.2024
£
Other debtors 849,974

4. Creditors: amounts falling due within one year

29.02.2024
£
Trade creditors 214,798
Amounts owed to parent undertakings 43,343
Other creditors 706,655
964,796

5. Called-up share capital

29.02.2024
£
Allotted, called-up and fully-paid
11,000 Ordinary A shares of £ 0.01 each 110
4,500 Ordinary B shares of £ 0.01 each 45
1,166 Ordinary C shares of £ 0.01 each 12
167

During the period, 16,666 Ordinary £0.01 shares were issued at par.

6. Related party transactions

Other related party transactions

29.02.2024
£
Including within other creditors are amounts owed to companies under common ownership 10,000
Including within creditors are amounts owed to the company's parent 43,343

7. Ultimate controlling party

Parent Company:

Soco Real Estate Limited
35 Ballards Lane
London
United Kingdom
N3 1XW