SOLLIP LTD


Director	PARK, Woongchul


Registered Address	Unit 1 8 Melior Street
	London
	SE1 3QP


Registered Number	12145386 (England and Wales)

Balance Sheet as at
30 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		75,000		95,664
			75,000		95,664
Current assets
Stocks		33,988		28,517
Debtors	4	71,138		51,514
Cash at bank and on hand		177,325		169,352
		282,451		249,383
Creditors amounts falling due within one year	5	(458,400)		(399,502)
Net current assets (liabilities)			(175,949)		(150,119)
Total assets less current liabilities			(100,949)		(54,455)
Creditors amounts falling due after one year	6		(27,788)		(33,230)
Net assets			(128,737)		(87,685)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(128,837)		(87,785)
Shareholders' funds			(128,737)		(87,685)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 26 May 2026, and are signed on its behalf by:

PARK, Woongchul
Director
Registered Company No. 12145386

SOLLIP LTD

Notes to the Financial Statements
for the year ended 30 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Land and Building - 10% Straight Line Plant and Machinery - 25% Straight Line Fixtures and Fittings - 15% Straight Line Motor Vehicles - 20% Straight Line Office Equipment - 20% Straight Line

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Land and Building - 10% Straight Line
Plant and Machinery - 25% Straight Line
Fixtures and Fittings - 15% Straight Line
Motor Vehicles - 20% Straight Line
Office Equipment - 20% Straight Line

	Stocks and work in progress
	Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	10		10

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 31 August 24	217,465
	Additions	5,760
	At 30 August 25	223,225
	Depreciation and impairment
	At 31 August 24	121,801
	Charge for year	26,424
	At 30 August 25	148,225
	Net book value
	At 30 August 25	75,000
	At 30 August 24	95,664

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,811	1,334
Other debtors	33,000	33,000
Prepayments and accrued income	33,327	17,180
Total	71,138	51,514

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	24,699	14,005
Amounts owed to related parties	219,900	219,900
Taxation and social security	25,679	17,254
Other creditors	98,088	88,626
Accrued liabilities and deferred income	90,034	59,717
Total	458,400	399,502

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	27,788	33,230
Total	27,788	33,230

7.	Directors advances, credits and guarantees
	This is an investment made by the director to the company.