Registration number: 06801935

Solange Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Financial Statements	4 to 7

Solange Limited

Company Information

Directors

S Azagury-Partridge M C Partridge M A E Partridge O H J Partridge

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Solange Limited

Statement of Financial Position as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	31,235	60,191
Current assets
Stocks	5	2,215,611	2,476,838
Debtors	6	256,544	457,307
Cash at bank and in hand		998,542	584,361
		3,470,697	3,518,506
Creditors: Amounts falling due within one year	7	(3,808,169)	(3,966,125)
Net current liabilities		(337,472)	(447,619)
Net liabilities		(306,237)	(387,428)
Capital and reserves
Called up share capital		380	380
Share premium reserve		16,917,578	16,917,578
Merger reserve		2,891,243	2,891,243
Profit and loss account		(20,115,438)	(20,196,629)
Total equity		(306,237)	(387,428)

For the financial year ending 31 August 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Solange Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Solange Limited

Statement of Financial Position as at 31 August 2025

Approved and authorised by the Board on 21 May 2026 and signed on its behalf by:
 

.........................................

S Azagury-Partridge

Director

Company registration number: 06801935

Solange Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

1	General information

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

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company during the year was that of jewellery designers and retailers.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Group accounts not prepared

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.

Going concern

The company made a profit for the year ended 31 August 2025 and had a deficit of net assets at that date amounting to £306,237.

At 31 August 2025 an amount of £2,608,289 was due to the shareholder, who has confirmed that it is her intention not to call for repayment of this amount until the company has sufficient working capital.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Solange Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Revenue recognition

The turnover shown in the income statement represents amounts receivable for stock items supplied during the year in the normal course of business, exclusive of Value Added Tax and discounts.

The company recognises turnover at the point of despatch of online and wholesale orders and at the point of sale for in-store retail.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position 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 charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	Straight line over the term of the lease
Furniture, fittings and equipment	20% straight line
Property, plant and equipment	20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Operating lease agreements

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Solange Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 13 (2024 - 14).

4	Tangible assets

	Leasehold improvements £	Furniture, fittings and equipment  £	Property, plant and equipment  £	Total £
Cost or valuation
At 1 September 2024	79,036	360,288	47,699	487,023
Additions	-	822	-	822
Disposals	-	(93,302)	-	(93,302)
At 31 August 2025	79,036	267,808	47,699	394,543
Depreciation
At 1 September 2024	65,798	320,768	40,266	426,832
Charge for the year	7,347	16,726	4,825	28,898
Eliminated on disposal	-	(92,422)	-	(92,422)
At 31 August 2025	73,145	245,072	45,091	363,308
Carrying amount
At 31 August 2025	5,891	22,736	2,608	31,235
At 31 August 2024	13,238	39,520	7,433	60,191

5

Stocks

	2025 £	2024 £
Stock	2,215,611	2,476,838

Solange Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

6

Debtors

	2025 £	2024 £
Trade debtors	63,547	54,516
Amounts owed by group undertakings	-	7,297
Other debtors	192,997	395,494
	256,544	457,307

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	98,957	138,355
Taxation and social security	46,747	32,413
Other creditors	3,662,465	3,795,357
	3,808,169	3,966,125

8	Financial commitments and guarantees

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £96,022 (2024 - £151,147).

9	Related party transactions

In accordance with FRS 102 paragraph 1AC.35, exemption is taken not to disclose transactions or amounts falling due in the year between wholly owned undertakings.

10	Transaction with directors

At 31 August 2025 an amount of £124,935 (2024 - £307,599) was due from a director. During the year, advances of £128,147 and repayments of £314,000 were made. Interest of £3,189 (2024 - £4,946) was charged at 2.25% p.a. and 3.75% p.a.. There are no set terms in place.