ACCOUNTS - Final Accounts preparation

Registered number: 11678237

SOUNION CAPITAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


SOUNION CAPITAL LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


SOUNION CAPITAL LIMITED REGISTERED NUMBER:11678237

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Fixed asset investments	4		1,000		1,000
Current assets
Debtors: amounts falling due within one year	5	547,547		547,500
Cash at bank and in hand		624		482
		548,171		547,982
Current liabilities
Creditors: amounts falling due within one year	6	(584,850)		(583,387)
Net current liabilities			(36,679)		(35,405)
Net liabilities			(35,679)		(34,405)

Capital and reserves
Called up share capital	7	1,000	1,000
Profit and loss account		(36,679)	(35,405)
		(35,679)	(34,405)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2025.

C O Chartouni

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


SOUNION CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Sounion Capital Limited is a private limited liability company incorporated in England and Wales with its registered office at 1 Hampstead Gate, 1a Frognal, London, NW3 6AL.

The principal activity is that of an investment holding company.

The functional and presentation reporting currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The company meets its day to day working capital requirements through the support of the shareholder. The director believes that it is appropriate to prepare the financial statements on a going concern basis which assumes that the company will continue in operational existence with the continued support of the shareholder.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Investments in Associates

Investments in associates are measured at cost less impairment.

2.6

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

Page 2


SOUNION CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors, loans to and from related parties and other creditors.

Employees

The average monthly number of employees, including director, during the year was 1 (2023 - 1).

4.	Fixed asset investments

		Investments in associates
		£
	Cost
	At 1 January 2024	1,000
	At 31 December 2024	1,000

Debtors

					2024	2023
					£	£

Other loans	547,500	547,500
Other debtors	47	-
	547,547	547,500

Other loans of £547,500 (2023 - £547,500), are unsecured, interest free and repayable on demand.

Page 3


SOUNION CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other creditors	578,250	576,737
Accruals and deferred income	6,600	6,650
	584,850	583,387

Other creditors include amounts due to shareholder of £578,250 (2023 - £576,737) which are unsecured, interest free and repayable on demand.

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1,000 (2023 - 1,000) Ordinary shares of £1 each	1,000	1,000

Page 4