Soco Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10078751

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		72,621		82,996

			72,621		82,996
CURRENT ASSETS
Debtors	5	79,422		79,422
Cash at bank and in hand		146		146

		79,568		79,568
Creditors: Amounts Falling Due Within One Year	6	(81,189 )		(72,030 )

NET CURRENT ASSETS (LIABILITIES)			(1,621 )		7,538

TOTAL ASSETS LESS CURRENT LIABILITIES			71,000		90,534

Creditors: Amounts Falling Due After More Than One Year	7		(123,684 )		(147,033 )

NET LIABILITIES			(52,684 )		(56,499 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(52,784 )		(56,599 )

SHAREHOLDERS' FUNDS			(52,684)		(56,499)

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Soco Properties Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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

Mr Stephen Onikosi

Director

8 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Soco Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10078751 . The registered office is 374 Ley Street, Ilford, Essex, IG1 4AE.

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. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Motor Vehicles	10% straight line
Fixtures & Fittings	20% straight line

2.4. 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.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	2

	1	2

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	103,745	3,086	106,831

As at 31 March 2025	103,745	3,086	106,831

Depreciation
As at 1 April 2024	20,749	3,086	23,835
Provided during the period	10,375	-	10,375

As at 31 March 2025	31,124	3,086	34,210

Net Book Value
As at 31 March 2025	72,621	-	72,621

As at 1 April 2024	82,996	-	82,996

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Soco Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,969	1,969
Other debtors	77,453	77,453

	79,422	79,422

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	12,874	12,875
Bank loans and overdrafts	6,000	6,000
Corporation tax	11,780	11,780
Other taxes and social security	45,399	37,143
Other creditors	1,175	1,850
Accruals and deferred income	1,000	950
Director's loan account	2,961	1,432

	81,189	72,030

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,854	41,729
Bank loans	24,830	25,304
Directors loan account	70,000	80,000

	123,684	147,033

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	12,874	12,875
Later than one year and not later than five years	28,854	41,729

	41,728	54,604

	41,728	54,604

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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