Sobar Southampton Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07298241

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		277,882		293,914

			277,882		293,914
CURRENT ASSETS
Stocks		10,500		10,500
Debtors	6	-		5,208
Cash at bank and in hand		53,137		68,709

		63,637		84,417
Creditors: Amounts Falling Due Within One Year	7	(66,690 )		(104,188 )

NET CURRENT ASSETS (LIABILITIES)			(3,053 )		(19,771 )

TOTAL ASSETS LESS CURRENT LIABILITIES			274,829		274,143

Creditors: Amounts Falling Due After More Than One Year	8		(725,493 )		(781,491 )

NET LIABILITIES			(450,664 )		(507,348 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(450,666 )		(507,350 )

SHAREHOLDERS' FUNDS			(450,664)		(507,348)

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Sobar Southampton Limited

Balance Sheet (continued)

As At 31 December 2024

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

N G Virgin

Director

26th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sobar Southampton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07298241 . The registered office is 72c Belmont Road, Southampton, Hampshire, SO17 2GE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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 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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The directors' support the business via their directors' loan account which stands at £463,550 at 31 December 2023

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods or services provided in the normal course of business, and is shown net of VATand other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated business over the fair value of net assets acquired. It is initialy recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual value over their useful lives on the following bases:

Freehold	4% straight line
Plant & Machinery	25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.6. 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.

2.7. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 6)

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Sobar Southampton Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	115,000

As at 31 December 2024	115,000

Amortisation
As at 1 January 2024	115,000

As at 31 December 2024	115,000

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2024	534,385	27,451	561,836

As at 31 December 2024	534,385	27,451	561,836

Depreciation
As at 1 January 2024	240,471	27,451	267,922
Provided during the period	16,032	-	16,032

As at 31 December 2024	256,503	27,451	283,954

Net Book Value
As at 31 December 2024	277,882	-	277,882

As at 1 January 2024	293,914	-	293,914

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Other debtors	-	5,208

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Sobar Southampton Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	19,846	42,620
Bank loans and overdrafts	24,603	28,020
Other creditors	13,550	33,548
Taxation and social security	8,691	-

	66,690	104,188

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	275,493	281,491
Other creditors	450,000	500,000

	725,493	781,491

9. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	2	2

10. Ultimate Controlling Party

The ultimate controlling parties are the directors, N. Virgin and S. Virgin by virtue of their shareholdings.

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