Sound Interiors Holdings Limited 06607048 false 2023-07-01 2024-12-31 2024-12-31 The principal activity of the company is the provision of management services to its sole and wholly owned subsidiary, Sound Interiors Limited Digita Accounts Production Advanced 6.30.9574.0 false true true 06607048 2023-07-01 2024-12-31 06607048 2024-12-31 06607048 core:RetainedEarningsAccumulatedLosses 2024-12-31 06607048 core:RevaluationReserve 2024-12-31 06607048 core:ShareCapital 2024-12-31 06607048 core:CurrentFinancialInstruments 2024-12-31 06607048 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06607048 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 06607048 core:LandBuildings 2024-12-31 06607048 bus:SmallEntities 2023-07-01 2024-12-31 06607048 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-12-31 06607048 bus:FilletedAccounts 2023-07-01 2024-12-31 06607048 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-12-31 06607048 bus:RegisteredOffice 2023-07-01 2024-12-31 06607048 bus:Director5 2023-07-01 2024-12-31 06607048 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-12-31 06607048 core:Land 2023-07-01 2024-12-31 06607048 core:LandBuildings 2023-07-01 2024-12-31 06607048 core:ParentEntities 2023-07-01 2024-12-31 06607048 core:Subsidiary1 2023-07-01 2024-12-31 06607048 core:Subsidiary1 1 2023-07-01 2024-12-31 06607048 core:Subsidiary1 countries:UnitedKingdom 2023-07-01 2024-12-31 06607048 countries:UnitedKingdom 2023-07-01 2024-12-31 06607048 2023-06-30 06607048 core:LandBuildings 2023-06-30 06607048 2022-07-01 2023-06-30 06607048 2023-06-30 06607048 core:RetainedEarningsAccumulatedLosses 2023-06-30 06607048 core:RevaluationReserve 2023-06-30 06607048 core:ShareCapital 2023-06-30 06607048 core:CurrentFinancialInstruments 2023-06-30 06607048 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 06607048 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 06607048 core:LandBuildings 2023-06-30 06607048 core:Subsidiary1 1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 06607048

Sound Interiors Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 1 July 2023 to 31 December 2024

 

Sound Interiors Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Sound Interiors Holdings Limited

(Registration number: 06607048)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

289,313

299,996

Investments

5

1,754,232

1,754,232

 

2,043,545

2,054,228

Current assets

 

Debtors

6

2,054,995

2,054,995

Cash at bank and in hand

 

1,000,000

-

 

3,054,995

2,054,995

Creditors: Amounts falling due within one year

7

(3,275,980)

(2,217,304)

Net current liabilities

 

(220,985)

(162,309)

Total assets less current liabilities

 

1,822,560

1,891,919

Creditors: Amounts falling due after more than one year

7

(25,000)

(175,000)

Provisions for liabilities

(35,636)

(38,307)

Net assets

 

1,761,924

1,678,612

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

144,687

148,320

Retained earnings

1,617,137

1,530,192

Shareholders' funds

 

1,761,924

1,678,612

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their 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 Board on 22 May 2025 and signed on its behalf by:
 

.........................................
P Hather
Director

 

Sound Interiors Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

1

General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
4 Levens Road
Newby Road Industrial Estate
Hazel Grove
Stockport
Cheshire
SK7 5DL

These financial statements were authorised for issue by the Board on 22 May 2025.

2

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 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

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.

These financial statements cover the individual entity only.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

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.

 

Sound Interiors Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

2.5% on cost or valuation of buildings, land not depreciated

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 4 (2023 - 2).

 

Sound Interiors Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

357,634

357,634

At 31 December 2024

357,634

357,634

Depreciation

At 1 July 2023

57,638

57,638

Charge for the period

10,683

10,683

At 31 December 2024

68,321

68,321

Carrying amount

At 31 December 2024

289,313

289,313

At 30 June 2023

299,996

299,996

Included within the net book value of land and buildings above is £289,313 (2023 - £299,996) in respect of freehold land and buildings.
 

5

Investments

2024
£

2023
£

Investments in subsidiaries

1,754,232

1,754,232

Subsidiaries

£

Fair value

At 1 July 2023

1,754,232

At 31 December 2024

1,754,232

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) 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

2024

2023

Subsidiary undertakings

Sound Interiors Limited

4 Levens Road
Newby Road Industrial Estate
Hazel Grove
Stockport
SK7 5DL

United Kingdom

Ordinary shares

100%

100%

 

Sound Interiors Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Subsidiary undertakings

Sound Interiors Limited

The principal activity of Sound Interiors Limited is Installation of interior walls and ceilings.

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

8

2,054,995

2,054,995

   

2,054,995

2,054,995

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

200,000

200,000

Trade creditors

 

-

47

Amounts owed to Company undertakings and undertakings in which the Company has a participating interest

8

2,988,907

1,964,417

Taxation and social security

 

70,428

46,640

Accruals and deferred income

 

16,645

6,200

 

3,275,980

2,217,304

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

25,000

175,000

8

Related party transactions

Key management compensation

2024
£

2023
£

Salaries and other short term employee benefits

-

18,192

Summary of transactions with parent

The company has taken advantage of the exemption in section 33 of FRS102 'related Party Disclosures' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.
 

 

Sound Interiors Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

11 Parent and ultimate parent undertaking

The company's immediate parent company is Sound Interiors Management Limited and the ultimate parent company is Sound Interiors Group Limited.

All companies are incorporated in the United Kingdom and have the same registered office.

The ultimate controlling party is the directors, who own 100% of the share capital in Sound Interiors Group Limited.