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Somhi Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Somhi Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Somhi Ltd

Company Information

Director | M Condal Torrens

Registered office | Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Registered Number | 14823051

Accountants | Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Somhi Ltd

(Registration number: 14823051)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 46,543 | 63,141
Investment property | 6 | 1,750,817 | 1,750,817
Investments | 5 | 4 | 4
|  | 1,797,364 | 1,813,962
Current assets |  |  |
Debtors | 7 | 29,583 | 27,832
Cash at bank and in hand |  | 51,880 | 11,970
|  | 81,463 | 39,802
Creditors: Amounts falling due within one year | 8 | (1,888,873) | (1,882,761)
Net current liabilities |  | (1,807,410) | (1,842,959)
Net liabilities |  | (10,046) | (28,997)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (10,047) | (28,998)
Shareholders' deficit |  | (10,046) | (28,997)

Somhi Ltd

(Registration number: 14823051)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 January 2026

......................................... M Condal Torrens Director

Somhi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

These financial statements were authorised for issue by the director on 19 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Somhi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class | Depreciation method and rate
Fixtures and fittings | - 25% straight line
Office equipment | - 25% straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Somhi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Going concern

The financial statements have been prepared on a going concern basis following confirmation that the director will continue to financially support the company in order to maintain its operations as necessary for the foreseeable future and at least 12 months from the date of signing the financial statements.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Somhi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 1 May 2024 | 72,186 | - | 72,186
Additions | - | 4,166 | 4,166
Disposals | (9,565) | - | (9,565)
At 30 April 2025 | 62,621 | 4,166 | 66,787
Depreciation
At 1 May 2024 | 9,045 | - | 9,045
Charge for the year | 10,437 | 762 | 11,199
At 30 April 2025 | 19,482 | 762 | 20,244
Carrying amount
At 30 April 2025 | 43,139 | 3,404 | 46,543
At 30 April 2024 | 63,141 | - | 63,141

5 | Investments

| 2025 £ | 2024 £
Other investments | 4 | 4

Cost
At 1 May 2024 | 4
At 30 April 2025 | 4
Carrying amount
At 30 April 2025 | 4
At 30 April 2024 | 4

Somhi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Investment properties

| 2025 £
At 1 May 2024 | 1,750,817
At 30 April 2025 | 1,750,817

The fair value of the investment properties has been arrived at by a valuation by the director at their open market value at 30 April 2025 based on similar properties.
The historical cost of the fixed asset investment properties is £1,750,817 (2024 - £1,750,817).

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 7,562 | 6,900
Prepayments and accrued income | 19,139 | 11,522
Other debtors | 2,882 | 9,410
| 29,583 | 27,832

8 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Trade creditors |  | 16,108 | 7,838
Amounts owed to related parties | 9 | 1,867,309 | 1,872,390
Taxation and social security |  | 1,676 | -
Accruals and deferred income |  | 3,780 | 2,533
|  | 1,888,873 | 1,882,761

Somhi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9 | Related party transactions

Loans from related parties

2025 | Key management £ | Total £
At start of period | 1,872,390 | 1,872,390
Advanced | 312 | 312
Repaid | (5,393) | (5,393)
At end of period | 1,867,309 | 1,867,309

2024 | Key management £ | Total £
Advanced | 1,872,390 | 1,872,390
At end of period | 1,872,390 | 1,872,390

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.