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SAKON UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Sakon UK, Limited is a private company limited by shares incorporated in England and Wales. Its registered office is 5 New Street Square, London, EC4A 3TW.
The company was dormant (within the meaning of section 480 of the Companies Act 2006) throughout the year ended 31 December 2024. The company has not traded during the year. During the year, the company received no income and incurred no expenditure and therefore made neither profit or loss.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Ordinary shares are classified as equity.
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Amounts owed by group undertakings
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Allotted, called up and fully paid
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1,000 (2023 - 1,000) Ordinary shares of £0.01 each
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The company's immediate and ultimate parent and controling party is Global Sourcing Group, Inc., whose registered office is 300 Baker Avenue, Suite 280, Concord, Massachusetts, 01742. Consolidated financial statements at a group level are prepared.
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Related party transactions
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The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are wholly owned part of the group.
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