ACCOUNTS - Final Accounts preparation

Registered number: 08796294

SECOND OPINION EXPERTS ALLIANCE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

SECOND OPINION EXPERTS ALLIANCE LIMITED

REGISTERED NUMBER: 08796294

BALANCE SHEET

AS AT 30 NOVEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	4		6,733		5,311
			6,733		5,311
Current assets
Cash at bank and in hand	5	2,150		4,841
		2,150		4,841
Creditors: amounts falling due within one year	6	(1,104)		(1,044)
Net current assets			1,046		3,797
Total assets less current liabilities			7,779		9,108

Net assets			7,779		9,108

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SECOND OPINION EXPERTS ALLIANCE LIMITED

REGISTERED NUMBER: 08796294

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2024

		2024		2023
Note		£		£

Capital and reserves
Called up share capital	92,250	85,500
Profit and loss account	(84,471)	(76,392)
	7,779	9,108

The directors consider 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 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.

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 profit and loss account 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 26 September 2025.

David Saffin

Director

The notes on pages 3 to 4 form part of these financial statements.

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SECOND OPINION EXPERTS ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

1.	General information

Second Opinion Experts Alliance Limited is a private limited company limited by share capital. The company is registered in England and Wales, company number 08796294, with registered office address located at 1 The Green, Richmond, Surrey TW9 1PL.

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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.3

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.

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

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SECOND OPINION EXPERTS ALLIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

4.	Intangible assets

		Computer software
		£
	Cost
	At 1 December 2023	38,788
	Additions - internal	6,570
	At 30 November 2024	45,358
	Amortisation
	At 1 December 2023	33,477
	Charge for the year on owned assets	5,148
	At 30 November 2024	38,625
	Net book value
	At 30 November 2024	6,733
	At 30 November 2023	5,311

5.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	2,150	4,841
	2,150	4,841

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

Accruals and deferred income	1,104	1,044
	1,104	1,044

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