Company registration number 15365314 (England and Wales)
THE SORREL GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
THE SORREL GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
THE SORREL GROUP LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investments
3
101,822
Current assets
Debtors
4
26,641
Creditors: amounts falling due within one year
5
(7,930)
Net current assets
18,711
Net assets
120,533
Capital and reserves
Called up share capital
1
Non-distributable profits reserve
6
101,777
Distributable profit and loss reserves
18,755
Total equity
120,533

For the financial period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 September 2025 and are signed on its behalf by:
Mrs L Bettany
Director
Company registration number 15365314 (England and Wales)
THE SORREL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

The Sorrel Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.

1.1
Reporting period

The directors chose to extend the period end to 28 February 2025, presenting accounts for a 14 month period, to align the company's year end with that of their joint venture.

1.2
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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Turnover
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

THE SORREL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
2
3
Fixed asset investments
2025
£
Shares in group undertakings and participating interests
101,822
Fixed asset investments revalued

Investments in joint ventures are assessed annually for changes in fair value on an asset valuation method basis. Any significant movements are recognised as FVTPL.

THE SORREL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in associates and joint ventures
£
Cost or valuation
At 20 December 2023
-
Additions
45
Valuation changes
101,777
At 28 February 2025
101,822
Carrying amount
At 28 February 2025
101,822
4
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
1
Other debtors
26,640
26,641
5
Creditors: amounts falling due within one year
2025
£
Corporation tax
6,252
Other creditors
1,678
7,930
6
Non-distributable profits reserve
2025
£
At the beginning of the period
-
Non distributable profits in the period
101,777
At the end of the period
101,777
THE SORREL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 5 -
7
Related party transactions
Transactions with related parties

During the period the company entered into the following transactions with related parties:

Management charges receivable
2025
£
Other related parties
26,640
2025-02-28 2023-12-20 false false false 18 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr G Bettany Mrs L Bettany 15365314 2023-12-20 2025-02-28 15365314 2025-02-28 15365314 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 15365314 core:ShareCapital 2025-02-28 15365314 core:FurtherSpecificReserve1ComponentTotalEquity 2025-02-28 15365314 core:RetainedEarningsAccumulatedLosses 2025-02-28 15365314 bus:Director2 2023-12-20 2025-02-28 15365314 core:CurrentFinancialInstruments 2025-02-28 15365314 core:WithinOneYear 2025-02-28 15365314 bus:PrivateLimitedCompanyLtd 2023-12-20 2025-02-28 15365314 bus:SmallCompaniesRegimeForAccounts 2023-12-20 2025-02-28 15365314 bus:FRS102 2023-12-20 2025-02-28 15365314 bus:AuditExemptWithAccountantsReport 2023-12-20 2025-02-28 15365314 bus:Director1 2023-12-20 2025-02-28 15365314 bus:FullAccounts 2023-12-20 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP