Acorah Software Products - Accounts Production 16.1.300 false true true false 12 July 2023 31 July 2024 31 July 2024 14998982 Mr Neil Anderson Mr Patrick Van Der Meulen Mr Yoeri Van Der Meulen Soly Holding B.V. Eemsgolaan 5, 9727 DW, Groningen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14998982 2023-07-11 14998982 2024-07-31 14998982 2023-07-12 2024-07-31 14998982 frs-core:CurrentFinancialInstruments 2024-07-31 14998982 frs-core:ShareCapital 2024-07-31 14998982 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14998982 frs-bus:PrivateLimitedCompanyLtd 2023-07-12 2024-07-31 14998982 frs-bus:FilletedAccounts 2023-07-12 2024-07-31 14998982 frs-bus:SmallEntities 2023-07-12 2024-07-31 14998982 frs-bus:AuditExempt-NoAccountantsReport 2023-07-12 2024-07-31 14998982 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-12 2024-07-31 14998982 1 2023-07-12 2024-07-31 14998982 frs-bus:Director1 2023-07-12 2024-07-31 14998982 frs-bus:Director2 2023-07-12 2024-07-31 14998982 frs-bus:Director3 2023-07-12 2024-07-31 14998982 frs-countries:EnglandWales 2023-07-12 2024-07-31
Registered number: 14998982
Soly UK Holding Limited
Unaudited Financial Statements
For the Period 12 July 2023 to 31 July 2024
Goodwille Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14998982
31 July 2024
Notes £ £
CURRENT ASSETS
Debtors 4 5,263
Investments 5 27,500
Cash at bank and in hand 19,917
52,680
Creditors: Amounts Falling Due Within One Year 6 (13,346 )
NET CURRENT ASSETS (LIABILITIES) 39,334
TOTAL ASSETS LESS CURRENT LIABILITIES 39,334
NET ASSETS 39,334
CAPITAL AND RESERVES
Called up share capital 7 50,000
Profit and Loss Account (10,666 )
SHAREHOLDERS' FUNDS 39,334
For the period ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Patrick Van Der Meulen
Director
30/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Soly UK Holding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14998982 . The registered office is Wework, 1 Waterhouse Square, London, EC1N 2ST.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Debtors
Basic financial assets, including trade and other debtors, are intially 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, less any impairment.
2.7. 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.
2.8. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.9. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL
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4. Debtors
31 July 2024
£
Due within one year
Amounts owed by group undertakings 5,263
5. Current Asset Investments
31 July 2024
£
Shares in subsidiaries 27,500
The company holds 100% of the issued share capital of both Soly UK Lease Limited (Company no. 15002200), and Soly UK Operations Limited (Company no. 15002206 ), both companies incorporated in England and Wales.
6. Creditors: Amounts Falling Due Within One Year
31 July 2024
£
Amounts owed to group undertakings 13,346
7. Share Capital
31 July 2024
£
Allotted, Called up and fully paid 50,000
8. Dividends
No dividends were proposed or paid during the period. 
9. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Soly Holding B.V. , incorporated in The Netherlands. Copies of the group accounts may be obtained from the secretary, Eemsgolaan 5, 9727 DW, Groningen . The ultimate controlling party is Soly Holding B.V. who controls 100% of the shares of Soly UK Holding Limited .
11. Disclosure of long or short period
The company was incorporated on 12 July 2023, preparing its first set of accounts for the slightly long period from this date to 31 July 2024. There are no comparatives as this is the first period of account.
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