1 January 2024 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP046164352024-01-012024-12-31046164352024-12-31046164352023-12-3104616435core:WithinOneYear2024-12-3104616435core:WithinOneYear2023-12-3104616435core:AfterOneYear2024-12-3104616435core:AfterOneYear2023-12-3104616435core:ShareCapital2024-12-3104616435core:ShareCapital2023-12-3104616435core:RetainedEarningsAccumulatedLosses2024-12-3104616435core:RetainedEarningsAccumulatedLosses2023-12-3104616435bus:Director12024-01-012024-12-3104616435bus:RegisteredOffice2024-01-012024-12-31046164352023-01-012023-12-31046164352024-01-0104616435core:CostValuation2024-01-0104616435core:CostValuation2024-12-310461643512024-01-012024-12-310461643512024-01-012024-12-3104616435countries:EnglandWales2024-01-012024-12-3104616435bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3104616435bus:PrivateLimitedCompanyLtd2024-01-012024-12-3104616435bus:SmallEntities2024-01-012024-12-3104616435bus:AbridgedAccounts2024-01-012024-12-31
Company registration number:
04616435
Sonam (Oxford) Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 December 2024
Sonam (Oxford) Limited
Abridged Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
15,060,443
 
14,491,149
 
Investments 5
258,472
 
258,472
 
15,318,915
 
14,749,621
 
Current assets    
Debtors
37,534
 
23,447
 
Cash at bank and in hand
405,167
 
431,768
 
442,701
 
455,215
 
Creditors: amounts falling due within one year
(4,007,203
 )
(5,394,113
 )
Net current liabilities
(3,564,502
 )
(4,938,898
 )
Total assets less current liabilities 11,754,413   9,810,723  
Creditors: amounts falling due after more than one year
(2,735,439
 )
(1,932,475
 )
Provisions for liabilities
(612,454
 )
(319,689
 )
Net assets
8,406,520
 
7,558,559
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
8,406,420
 
7,558,459
 
Shareholders funds
8,406,520
 
7,558,559
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position for the year ended
31 December 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
31 March 2025
, and are signed on behalf of the board by:
Suresh Pabari
Director
Company registration number:
04616435
Sonam (Oxford) Limited
Notes to the Abridged Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
85 Farquhar Road
,
Edgbaston
,
Birmingham
,
B15 2QP
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023:
6.00
).

5 Fixed assets

Tangible assetsInvestmentsTotal
£££
Cost or valuation      
At
1 January 2024
14,491,149
 
258,472
  14,749,621  
Revaluations
569,294
  -   569,294  
At
31 December 2024
15,060,443
 
258,472
  15,318,915  
Depreciation and impairment      
At
1 January 2024
and
31 December 2024
 -   -   -  
Carrying amount      
At
31 December 2024
15,060,443
 
258,472
 
15,318,915
 
At 31 December 2023
14,491,149
 
258,472
 
14,749,621
 

Fixed assets held at valuation

In respect of fixed assets held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
20242023
Tangible assetsInvestmentsTangible assetsInvestments
££££
Aggregate historical cost 12,610,625   258,472   12,610,625   258,472  
Carrying amount 12,610,625   258,472   12,610,625   258,472  

Investment property

Included in tangible assets are the following amounts related to investment properties held at valuation:
2024
£
Carrying amount at
1 January 2024
14,491,147.00
 
Fair value adjustments
569,294
 
Carrying amount at
31 December 2024
15,060,441