Sofmag Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09605050 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Sofmag Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Stylianou

SECRETARY:

Ms M Papadopoulos

REGISTERED OFFICE:

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

REGISTERED NUMBER:

09605050 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Investments

5

4,089,686

CURRENT ASSETS

Debtors

6

-

300,000

Cash at bank

3,490

2,214

3,490

302,214

CREDITORS

Amounts falling due within one year

7

31,625

317,887

NET CURRENT LIABILITIES

(28,135

)

(15,673

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,061,551

4,074,013

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

4,061,549

4,074,011

SHAREHOLDERS' FUNDS

4,061,551

4,074,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

A Stylianou - Director

1.	STATUTORY INFORMATION

Sofmag Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).

The company maintains a place of business in Cyprus at Renatou Kartesiou, 17 Agios Athanasios, 4105, Limassol, Cyprus.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

$

COST

At 1 January 2024

and 31 December 2024

4,089,686

NET BOOK VALUE

At 31 December 2024

4,089,686

At 31 December 2023

4,089,686

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Leonik Limited

Registered office: United Kingdom

Nature of business: Investment Company

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

$

Aggregate capital and reserves

9,982,751

9,493,958

Profit for the year

488,793

468,879

Step Ta Limited

Registered office: United Kingdom

Nature of business: Investment Company

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

$

Aggregate capital and reserves

4,402,810

3,980,483

Profit for the year

422,327

914,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

Amounts owed by group undertakings

-

300,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

Bank loans and overdrafts

-

464

Trade creditors

7,771

329

Amounts owed to group undertakings

5,310

300,000

Other creditors

18,544

17,094

31,625

317,887

8.

TAXATION

The company has received clearance from HMRC that the company will be treated as a non-resident in the United Kingdom for the purposes of its Corporation Tax liabilities and as such no Corporation Tax is due in the United Kingdom.

The company is registered with the Cyprus tax authorities with the Cyprus Tax Identification Code (TIC) 12902961B is treated as a resident of Cyprus and its worldwide income is liable to Income Tax in accordance with the Income Tax Law of the Republic of Cyprus.