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Company Registration No. 13435273 (England and Wales)
Soma Investments Ltd Filleted accounts for the year ended 30 June 2025
Soma Investments Ltd Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Soma Investments Ltd Company Information for the year ended 30 June 2025
Director
Darren Somaiya
Company Number
13435273 (England and Wales)
Registered Office
90 Walm Lane London NW2 4QY
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Soma Investments Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
1,712,800
1,214,800
Current assets
Cash at bank and in hand
25,097
6,707
Creditors: amounts falling due within one year
5
(12,292)
(13,700)
Net current assets/(liabilities)
12,805
(6,993)
Total assets less current liabilities
1,725,605
1,207,807
Creditors: amounts falling due after more than one year
6
(1,688,600)
(1,195,350)
Net assets
37,005
12,457
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
36,905
12,357
Shareholders' funds
37,005
12,457
For the year ending 30 June 2025 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 March 2026 and were signed on its behalf by
Darren Somaiya Director Company Registration No. 13435273
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Soma Investments Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Soma Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13435273. The registered office is 90 Walm Lane, London, NW2 4QY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Investment property
2025
£
Fair value at 1 July 2024
1,214,800
Additions
498,000
At 30 June 2025
1,712,800
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Soma Investments Ltd Notes to the Accounts for the year ended 30 June 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
842
-
Amounts owed to group undertakings and other participating interests
1,231
1,231
Taxes and social security
7,764
1,455
Loans from directors
1,814
10,373
Accruals
641
641
12,292
13,700
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,423,700
785,450
Loans from directors
264,900
409,900
1,688,600
1,195,350
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
99 Ordinary shares A of £1 each
99
99
1 Ordinary shares B of £1 each
1
1
100
100
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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