IRIS Accounts Production v25.2.0.378 14396655 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh143966552023-12-31143966552024-12-31143966552024-01-012024-12-31143966552022-10-03143966552022-10-042023-12-31143966552023-12-3114396655ns15:EnglandWales2024-01-012024-12-3114396655ns14:PoundSterling2024-01-012024-12-3114396655ns10:Director12024-01-012024-12-3114396655ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3114396655ns10:SmallEntities2024-01-012024-12-3114396655ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3114396655ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3114396655ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3114396655ns10:FullAccounts2024-01-012024-12-3114396655ns10:OrdinaryShareClass12024-01-012024-12-3114396655ns10:Director22024-01-012024-12-3114396655ns10:Director32024-01-012024-12-3114396655ns10:Director42024-01-012024-12-3114396655ns10:Director52024-01-012024-12-3114396655ns10:Director62024-01-012024-12-3114396655ns10:CompanySecretary12024-01-012024-12-3114396655ns10:RegisteredOffice2024-01-012024-12-3114396655ns5:CurrentFinancialInstruments2024-12-3114396655ns5:CurrentFinancialInstruments2023-12-3114396655ns5:Non-currentFinancialInstruments2024-12-3114396655ns5:Non-currentFinancialInstruments2023-12-3114396655ns5:ShareCapital2024-12-3114396655ns5:ShareCapital2023-12-3114396655ns5:RetainedEarningsAccumulatedLosses2024-12-3114396655ns5:RetainedEarningsAccumulatedLosses2023-12-3114396655ns5:PlantMachinery2024-01-012024-12-3114396655ns5:PlantMachinery2023-12-3114396655ns5:PlantMachinery2024-12-3114396655ns5:PlantMachinery2023-12-3114396655ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3114396655ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3114396655ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-12-3114396655ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3114396655ns10:OrdinaryShareClass12024-12-31143966551ns10:Director12023-12-31143966551ns10:Director12022-10-03143966551ns10:Director12024-01-012024-12-31143966551ns10:Director12022-10-042023-12-31143966551ns10:Director12024-12-31143966551ns10:Director12023-12-3114396655ns10:Director222023-12-3114396655ns10:Director222022-10-0314396655ns10:Director222024-01-012024-12-3114396655ns10:Director222022-10-042023-12-3114396655ns10:Director222024-12-3114396655ns10:Director222023-12-31
REGISTERED NUMBER: 14396655 (England and Wales)















SOILPOINT HUMIC CO., LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






SOILPOINT HUMIC CO., LTD. (REGISTERED NUMBER: 14396655)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SOILPOINT HUMIC CO., LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M H Frosch
D O Kingston
G C Robayna
R M Craig III
A A Forrester
S D Lowther





SECRETARY: S D Lowther





REGISTERED OFFICE: Building E2 Ronald House
Fenton Way
Chatteris
Cambridgeshire
PE16 6UP





REGISTERED NUMBER: 14396655 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

SOILPOINT HUMIC CO., LTD. (REGISTERED NUMBER: 14396655)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,082 25,443

CURRENT ASSETS
Inventory 29,735 -
Debtors 5 36,256 29,286
Cash at bank 19,885 18,271
85,876 47,557
CREDITORS
Amounts falling due within one year 6 231,981 437,029
NET CURRENT LIABILITIES (146,105 ) (389,472 )
TOTAL ASSETS LESS CURRENT LIABILITIES (127,023 ) (364,029 )

CREDITORS
Amounts falling due after more than one year 7 618,859 -
NET LIABILITIES (745,882 ) (364,029 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (745,883 ) (364,030 )
SHAREHOLDERS' FUNDS (745,882 ) (364,029 )

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:





A A Forrester - Director


SOILPOINT HUMIC CO., LTD. (REGISTERED NUMBER: 14396655)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Soilpoint Humic Co., 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

This reflects a change in presentation as the 2023 financial statements were prepared in accordance with Financial Reporting Standard 105. The activity of the company is expected to increase in the next financial accounting period(s) and therefore the Directors made the decision to adopt this framework early in anticipation of the thresholds being breached in those subsequent periods. The change in presentation has not resulted in any comparative amounts requiring reclassification.

At the statement of financial position date, the company had net liabilities of £745,882 (2024 - £364,029).

The directors confirm that Soilpoint Humic Co., Limited is expected to continue to meet its liabilities in the next 12 months. Soilpoint Humic Co., Limited is closely supported by its parent entity, Kingston Companies Limited and the parent will continue to support the entity in its ongoing activities.

The Directors have given due consideration to the facts that the business has been undertaking product trials in the year, and expects to begin sales activity in the next 12 months on conclusion of these trials.

On this basis, the Directors consider it appropriate to prepare the financial statements on the going concern basis.

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 reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of stocks are calculated using the first-in first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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 income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.


SOILPOINT HUMIC CO., LTD. (REGISTERED NUMBER: 14396655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 29,078
DEPRECIATION
At 1 January 2024 3,635
Charge for year 6,361
At 31 December 2024 9,996
NET BOOK VALUE
At 31 December 2024 19,082
At 31 December 2023 25,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 36,256 29,286

SOILPOINT HUMIC CO., LTD. (REGISTERED NUMBER: 14396655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,530 13,247
Amounts owed to group undertakings 209,390 408,340
Taxation and social security 1,892 2,889
Other creditors 10,169 12,553
231,981 437,029

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 618,859 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Intra group loan 583,987 -
Accrued intra group loan
interest 34,872 -
618,859 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary shares 1 1 1

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024 2023
£    £   
A A Forrester
Balance outstanding at start of year 269 -
Amounts advanced 12,525 8,939
Amounts repaid (11,599 ) (8,670 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,195 269

M H Frosch
Balance outstanding at start of year - -
Amounts advanced 388 -
Amounts repaid (2,542 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,154 ) -

The director's loan advance has been fully repaid after the year end.

SOILPOINT HUMIC CO., LTD. (REGISTERED NUMBER: 14396655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Kingston Companies Limited, a Limited Company guaranteed by shares. The registered offices of the controlling company is 128 City Road, London, United Kingdom, EC1V 2NX.

The parent undertaking is exempt from preparing consolidated accounts under section 399 (2a) of the Companies Act 2006.

In the opinion of the directors, this is the company's ultimate controlling party.