IRIS Accounts Production v25.1.4.42 10344359 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103443592023-08-31103443592024-08-31103443592023-09-012024-08-31103443592022-08-31103443592022-09-012023-08-31103443592023-08-3110344359ns15:EnglandWales2023-09-012024-08-3110344359ns14:PoundSterling2023-09-012024-08-3110344359ns10:Director12023-09-012024-08-3110344359ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3110344359ns10:SmallEntities2023-09-012024-08-3110344359ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3110344359ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3110344359ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110344359ns10:FullAccounts2023-09-012024-08-3110344359ns5:CurrentFinancialInstruments2024-08-3110344359ns5:CurrentFinancialInstruments2023-08-3110344359ns5:Non-currentFinancialInstruments2024-08-3110344359ns5:Non-currentFinancialInstruments2023-08-3110344359ns10:RegisteredOffice2023-09-012024-08-3110344359ns5:LandBuildings2023-08-3110344359ns5:PlantMachinery2023-08-3110344359ns5:FurnitureFittings2023-08-3110344359ns5:LandBuildings2023-09-012024-08-3110344359ns5:PlantMachinery2023-09-012024-08-3110344359ns5:FurnitureFittings2023-09-012024-08-3110344359ns5:LandBuildings2024-08-3110344359ns5:PlantMachinery2024-08-3110344359ns5:FurnitureFittings2024-08-3110344359ns5:LandBuildings2023-08-3110344359ns5:PlantMachinery2023-08-3110344359ns5:FurnitureFittings2023-08-3110344359ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3110344359ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3110344359ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-08-3110344359ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-3110344359ns5:AcceleratedTaxDepreciationDeferredTax2024-08-3110344359ns5:AcceleratedTaxDepreciationDeferredTax2023-08-3110344359ns5:DeferredTaxation2023-08-3110344359ns5:DeferredTaxation2023-09-012024-08-3110344359ns5:DeferredTaxation2024-08-3110344359ns5:RetainedEarningsAccumulatedLosses2024-08-3110344359ns5:RevaluationReserve2024-08-31
REGISTERED NUMBER: 10344359 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Soho Continental Limited

Soho Continental Limited (Registered number: 10344359)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Soho Continental Limited (Registered number: 10344359)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £ £
Fixed assets
Tangible assets 4 8,923,926 8,322,544

Current assets
Debtors 5 107,793 98,736
Cash at bank 496,454 87,690
604,247 186,426
Creditors
Amounts falling due within one year 6 (36,519 ) (38,624 )
Net current assets 567,728 147,802
Total assets less current liabilities 9,491,654 8,470,346

Creditors
Amounts falling due after more than
one year

7

(8,335,905

)

(6,537,254

)

Provisions for liabilities 9 (620,786 ) (470,786 )
Net assets 534,963 1,462,306

Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 10 3,125,266 2,525,266
Retained earnings 10 (2,591,303 ) (1,063,960 )
Shareholders' funds 534,963 1,462,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Soho Continental Limited (Registered number: 10344359)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





Jurgis Lapienis - Director


Soho Continental Limited (Registered number: 10344359)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

Soho Continental Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10344359

Registered office: 35-37 Ludgate Hill Office 7
London
United Kingdom
EC4M 7JN

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Soho Continental Limited (Registered number: 10344359)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. Employees and directors

The average number of employees during the year was 1 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
Cost or valuation
At 1 September 2023 8,322,544 - 12,089 8,334,633
Additions - 1,727 - 1,727
Revaluations 600,000 - - 600,000
At 31 August 2024 8,922,544 1,727 12,089 8,936,360
Depreciation
At 1 September 2023 - - 12,089 12,089
Charge for year - 345 - 345
At 31 August 2024 - 345 12,089 12,434
Net book value
At 31 August 2024 8,922,544 1,382 - 8,923,926
At 31 August 2023 8,322,544 - - 8,322,544

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
Valuation in 2024 600,000 - - 600,000
Cost 8,322,544 1,727 12,089 8,336,360
8,922,544 1,727 12,089 8,936,360

5. Debtors: amounts falling due within one year
31.8.24 31.8.23
£ £
Trade debtors 28,976 28,136
Other debtors 53,500 53,500
VAT 9,736 1,519
Prepayments 15,581 15,581
107,793 98,736

Soho Continental Limited (Registered number: 10344359)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. Creditors: amounts falling due within one year
31.8.24 31.8.23
£ £
Other creditors 35,158 36,124
Accrued expenses 1,361 2,500
36,519 38,624

7. Creditors: amounts falling due after more than one year
31.8.24 31.8.23
£ £
Bank loans (see note 8) 6,779,291 5,445,291
Trade creditors 1,556,614 1,091,963
8,335,905 6,537,254

8. Loans

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 6,779,291 5,445,291

9. Provisions for liabilities
31.8.24 31.8.23
£ £
Deferred tax
Accelerated capital allowances 150,000 -
Other timing differences 470,786 470,786
620,786 470,786

Deferred tax
£
Balance at 1 September 2023 470,786
Provided during year 150,000
Balance at 31 August 2024 620,786

Soho Continental Limited (Registered number: 10344359)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. Reserves
Retained Revaluation
earnings reserve Totals
£ £ £

At 1 September 2023 (1,063,960 ) 2,525,266 1,461,306
Deficit for the year (1,527,343 ) (1,527,343 )
Revaluation Reserves - 600,000 600,000
At 31 August 2024 (2,591,303 ) 3,125,266 533,963