Soto Gardens Ltd

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

Registered number: 13596929

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		39,329		35,054

			39,329		35,054
CURRENT ASSETS
Stocks		20,194		26,346
Debtors		13,307		11,000
Cash at bank and in hand		10,179		12,334

		43,680		49,680
Creditors: Amounts Falling Due Within One Year		(92,084 )		(105,937 )

NET CURRENT ASSETS (LIABILITIES)			(48,404 )		(56,257 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,075 )		(21,203 )

Creditors: Amounts Falling Due After More Than One Year			(14,082 )		-

NET LIABILITIES			(23,157 )		(21,203 )

CAPITAL AND RESERVES
Called up share capital	7		1,000		100
Profit and Loss Account			(24,157 )		(21,303 )

SHAREHOLDERS' FUNDS			(23,157)		(21,203)

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Soto Gardens Ltd

Abridged 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr J D Felstead

Director

29th September 2025

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

1. General Information

Soto Gardens Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13596929 . The registered office is Unit 8 Menin Works, Bond Road, London, CR4 3HG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements are prepared on a going concern basis. The directors have reviewed the company's current and projected performance, cash flow forecasts, and available financing for a period of at least twelve months from the date of approval of these financial statements.

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	20% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

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Soto Gardens Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	51,544
Additions	25,000
Disposals	(14,145 )

As at 31 December 2024	62,399

Depreciation
As at 1 January 2024	16,490
Provided during the period	11,442
Disposals	(4,862 )

As at 31 December 2024	23,070

Net Book Value
As at 31 December 2024	39,329

As at 1 January 2024	35,054

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2024	2023
	£	£
Plant & Machinery	-	5,086
Motor Vehicles	20,000	-

	20,000	5,086

5. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Net obligations under finance lease and hire purchase contracts	23,259		4,808

6. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	9,177	4,808
Later than one year and not later than five years	14,082	-

	23,259	4,808

	23,259	4,808

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	100

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Soto Gardens Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	44,000	44,000
Later than one year and not later than five years	77,000	121,000

	121,000	165,000

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