ACCOUNTS - Final Accounts preparation

Registered number: 13373244

SONSINO TURCAN PROJECTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2025

SONSINO TURCAN PROJECTS LIMITED

REGISTERED NUMBER: 13373244

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note	£	£	£	£


Current assets
Debtors: amounts falling due within one year	5	43,417		86,353
Cash at bank and in hand	6	45,706		4,320
		89,123		90,673
Creditors: amounts falling due within one year	7	(53,134)		(70,938)
Net current assets			35,989		19,735

Net assets			35,989		19,735

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		35,889	19,635
		35,989	19,735

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2025.

J C Turcan

Director

The notes on pages 2 to 6 form part of these financial statements.

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SONSINO TURCAN PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Sonsino Turcan Projects Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 13 Prince of Wales Terrace, London, W8 5PG.

The company specialises in building completion and finishing.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The directors note that the company is trading adequately and if this continues, they will have sufficient working capital and other finance available to continue for a period of not less than 12 months from the date of approval of the financial statements. As such the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

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SONSINO TURCAN PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.5

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Motor vehicles	-	33.33% straight line method
				Office equipment	-	33.33% straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

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SONSINO TURCAN PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

4.	Tangible fixed assets

	Motor vehicles	Office equipment	Total
	£	£	£
Cost
At 1 June 2024	10,750	989	11,739
At 31 May 2025	10,750	989	11,739
Depreciation
At 1 June 2024	10,750	989	11,739
At 31 May 2025	10,750	989	11,739
Net book value
At 31 May 2025	-	-	-
At 31 May 2024	-	-	-

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SONSINO TURCAN PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Debtors

					2025	2024
					£	£


Amounts owed by related party	8,659	100
Other debtors	3,524	3,653
Prepayments and accrued income	31,234	82,600
	43,417	86,353

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	45,706	4,320
	45,706	4,320

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	414	1,363
Amounts owed to related party	-	36,975
Corporation tax	4,235	5,408
Other taxation and social security	5,209	4,351
Other creditors	20,019	15,061
Accruals and deferred income	23,257	7,780
	53,134	70,938

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

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SONSINO TURCAN PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

9.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,616 (2024 - £3,554). Contributions totalling £657 (2024 - £657) were payable to the fund at the Statement of financial position date and are included in creditors.

10.	Related party transactions
	Included within debtors is an amount of £8,559 (2024 - £36,975 owed to) owed from a company under common control.

11.	Ultimate parent undertaking and controlling party

The immediate and ultimate parent undertaking is Sonsino Turcan Holdings Limited, a company incorporated in England and Wales.

The ultimate controlling parties are the directors by virtue of their majority shareholding in the parent undertaking.

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