Somerhall Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05238038

Somerhall Limited

Filleted Unaudited Financial Statements

30 September 2024

Somerhall Limited

Financial Statements

Year ended 30 September 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Somerhall Limited

Statement of Financial Position

30 September 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	110,820	110,820
Investments	6	1	1
		---------	---------
		110,821	110,821

Current assets

Debtors	7	1,076	2,676
Cash at bank and in hand		210	110
		-------	-------
		1,286	2,786

Creditors: amounts falling due within one year	8	224,273	224,461
		---------	---------
Net current liabilities		222,987	221,675
		---------	---------
Total assets less current liabilities		( 112,166)	( 110,854)
		---------	---------
Net liabilities		( 112,166)	( 110,854)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 112,266)	( 110,954)
	---------	---------
Shareholders deficit	( 112,166)	( 110,854)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Somerhall Limited

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

Mr J C Higgins

Director

Company registration number: 05238038

Somerhall Limited

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Freehold property
	£
Cost
At 1 October 2023 and 30 September 2024	110,820
	---------
Depreciation
At 1 October 2023 and 30 September 2024	–
	---------
Carrying amount
At 30 September 2024	110,820
	---------
At 30 September 2023	110,820
	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 October 2023 and 30 September 2024	89,320
	--------
Impairment
At 1 October 2023 and 30 September 2024	89,319
	--------

Carrying amount
At 30 September 2024	1
	--------
At 30 September 2023	1
	--------

The company holds 90% of the share capital of Vitel365 Inc., a company registered in the Philippines.

7. Debtors

	2024	2023
	£	£
Other debtors	1,076	2,676
	-------	-------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	1,312	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	130	1,730
Other creditors	222,831	222,731
	---------	---------
	224,273	224,461
	---------	---------

9. Related party transactions

At the year end the company owed £221,531 (2023: £221,431) to directors. At the year end the company owed £130 (2023: £1,730) to companies under common control or directorship. At the year end the company was owed £1,075 (2023: £2,675) by companies under common control or directorship. The company has a charge over the property held in the entity by virtue of a loan taken out by a related entity.