Company registration number 07289501 (England and Wales)
THE BOX SOHO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
THE BOX SOHO LIMITED
COMPANY INFORMATION
Directors
Simon Hammerstein
Richard Kimmel
Edward Weiner
Aasim Chaudhri
Secretary
Aasim Chaudhri
Company number
07289501
Registered office
11-12 Walkers Court
London
United Kingdom
W1F 0ED
Accountants
Prager Metis LLP
5a Bear Lane
Southwark
London
United Kingdom
SE1 0UH
THE BOX SOHO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
THE BOX SOHO LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
337,280
Current assets
Debtors
5
223,286
824,812
Creditors: amounts falling due within one year
6
(151,382)
(873,686)
Net current assets/(liabilities)
71,904
(48,874)
Total assets less current liabilities
71,904
288,406
Provisions for liabilities
7
-
0
(69,473)
Deferred Income
8
-
0
(168,873)
Net assets
71,904
50,060
Capital and reserves
Called up share capital
9
400
400
Profit and loss reserves
71,504
49,660
Total equity
71,904
50,060

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 June 2025 and are signed on its behalf by:
Aasim Chaudhri
Director
Company registration number 07289501 (England and Wales)
THE BOX SOHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

The Box Soho Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11-12 Walkers Court, London, United Kingdom, W1F 0ED.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The main activity of this company is to hold the lease of the venue used the trading activities carried out by The Boxland Theatre Ltd. The lease has since been transferred to another connected entity, Too 2 Much Ltd, and therefore The Box Soho Ltd will be dissolved in the near future.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
33.33% straight line
Leasehold improvements
33.33% straight line
Fixtures, fittings & equipment
33.33% straight line
Computer equipment
33.33% straight line

Assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

THE BOX SOHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.7
Grants received

Grants were received from the Company's Landlord.

 

The Company's Landlord provided a capital grant relating to an asset which has previously been recognised in income systematically over the asset's expected useful life. As the assets have been transferred to the connected company Too 2 much Ltd, the remaining contribution from the Landlord has also been transferred to the connected company.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE BOX SOHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2023 - 4).

2024
2023
Number
Number
4
4
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2023
1,727,195
496,674
2,223,869
Disposals
(1,727,195)
(496,674)
(2,223,869)
At 30 June 2024
-
0
-
0
-
0
Depreciation and impairment
At 1 July 2023
1,423,627
462,962
1,886,589
Depreciation charged in the year
169,920
31,112
201,032
Eliminated in respect of disposals
(1,593,547)
(494,074)
(2,087,621)
At 30 June 2024
-
0
-
0
-
0
Carrying amount
At 30 June 2024
-
0
-
0
-
0
At 30 June 2023
303,568
33,712
337,280
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
83,637
Amounts owed by group undertakings
189,751
4
Other debtors
33,535
741,171
223,286
824,812
THE BOX SOHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
35,828
151,352
Amounts owed to group undertakings
-
0
577,390
Corporation tax
110,554
47,682
Other taxation and social security
-
0
47,282
Other creditors
5,000
49,980
151,382
873,686
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
-
0
69,473
8
Deferred Income
2024
2023
£
£
Deferred Income - Landlord Grant
-
168,873

Included within the comparative deferred income is a grant provided by the landlord to fund the construction of a new room in the club. The room has been available for use since 31 October 2021 and therefore the grant has been released at the same rate as the depreciation of the Keyhole room. In 2024 the grant was transferred to Too 2 Much Ltd, which is a connected company.

9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of 10p each
640
640
64
64
B Ordinary shares of 10p each
560
560
56
56
C Ordinary shares of 10p each
2,801
2,801
280
280
4,001
4,001
400
400

 

10
Operating lease commitments
As lessee
THE BOX SOHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
11
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions between group companies where the subsidiaries are wholly owned within the group.

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