Company registration number 13814418 (England and Wales)
SOJO PROVISIONS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
Pages For Filing With Registrar
SOJO Provisions Limited
SOJO PROVISIONS LIMITED
Contents
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 5
SOJO Provisions Limited
SOJO PROVISIONS LIMITED
Accountants' Report To The Board Of Directors On The Preparation Of The Unaudited Statutory Financial Statements Of SOJO Provisions Limited For The Year Ended 31 March 2025
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SOJO Provisions Limited for the year ended 31 March 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of SOJO Provisions Limited, as a body, in accordance with the terms of our engagement letter dated 16 December 2024. Our work has been undertaken solely to prepare for your approval the financial statements of SOJO Provisions Limited and state those matters that we have agreed to state to the board of directors of SOJO Provisions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SOJO Provisions Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that SOJO Provisions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SOJO Provisions Limited. You consider that SOJO Provisions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of SOJO Provisions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chavereys Limited
Chartered Accountants
The Goods Shed
Jubilee Way
Faversham
Kent
ME13 8GD
England
13 August 2025
SOJO Provisions Limited
SOJO PROVISIONS LIMITED
Balance Sheet
As At 31 March 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
597,556
294,356
Current assets
Debtors
4
77
77
Cash at bank and in hand
2,886
2,286
2,963
2,363
Creditors: amounts falling due within one year
5
(165,034)
(75,433)
Net current liabilities
(162,071)
(73,070)
Total assets less current liabilities
435,485
221,286
Creditors: amounts falling due after more than one year
6
(444,830)
(227,360)
Net liabilities
(9,345)
(6,074)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(9,445)
(6,174)
Total equity
(9,345)
(6,074)
The notes on pages 4 to 5 form part of these financial statements.
SOJO Provisions Limited
SOJO PROVISIONS LIMITED
Balance Sheet (Continued)
As At 31 March 2025
31 March 2025
- 3 -
For the financial year ended 31 March 2025 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 financial statements were approved by the board of directors and authorised for issue on 13 August 2025 and are signed on its behalf by:
Mr MI Ford
Director
Company registration number 13814418 (England and Wales)
SOJO Provisions Limited
SOJO PROVISIONS LIMITED
Notes To The Financial Statements
For The Year Ended 31 March 2025
- 4 -
1
Accounting policies
Company information
SOJO Provisions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lime End Farm, Church Road, Herstmonceux, Hailsham, East Sussex, England, BN27 1RG.
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 £.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has the support of its directors in the form of directors' loans and therefore the going concern basis of accounting is adopted in preparing the financial statements.
1.3
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
SOJO Provisions Limited
SOJO PROVISIONS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 March 2025
- 5 -
3
Investment property
2025
£
Fair value
At 1 April 2024
294,356
Additions
303,200
At 31 March 2025
597,556
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
77
77
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
165,034
75,433
Included within other creditors is an amount owed to the company's directors of £163,669.
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
444,830
227,360
The loans are secured by fixed charges over the company's freehold property.