Sol & Co Limited iXBRL

Sol & Co Limited

Abridged Unaudited Financial Statements

for the financial year ended 30 April 2026

Sol & Co Limited

Company Registration Number: 14124478

ABRIDGED BALANCE SHEET

as at 30 April 2026

		2026	2025
	Notes	£	£

Fixed Assets

Tangible assets	4	-	15,769
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Current Assets

Debtors

25,422

1,679,739

Cash and cash equivalents

127,935

104,975

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153,357

1,784,714

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Creditors: amounts falling due within one year

(112,138)

(1,759,212)

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Net Current Assets

41,219

25,502

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Total Assets less Current Liabilities

41,219

41,271

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Capital and Reserves

Called up share capital

100

100

Retained earnings

41,119

41,171

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Equity attributable to owners of the company

41,219

41,271

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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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 17 September 2026 and signed on its behalf by

________________________________

Michael O'Leary

Director

________________________________

Paul O'Mahony

Director

Sol & Co Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 30 April 2026

General Information

Sol & Co Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 14124478. The registered office of the company is First Floor, 5 Half Moon Street, London, W1J 7AZ which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 April 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of golf course construction works carried out, exclusive of trade discounts and value added tax.

Construction contracts

Work in progress

Work in progress comprises works carried out, not yet certified and is stated at the lower of cost and net realisable value.

Golf course construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amounts of revenue are included in creditors.

Where it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recovered.

Where third party certificates are not available, the "percentage of completion method" is used to determine the appropriate amounts to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

12.5% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.


3.	Employees

	The average monthly number of employees, including directors, during the financial year was 5, (2025 - 5).

		2026	2025
		Number	Number

	Management	2	2
	Site workers	3	3
		─────────	─────────
		5	5
		═════════	═════════


4.	Tangible assets
		Plant and	Total
		machinery

		£	£
	Cost
	At 1 May 2025	21,025	21,025
	Disposals	(21,025)	(21,025)
		─────────	─────────
	At 30 April 2026	-	-
		─────────	─────────
	Depreciation
	At 1 May 2025	5,256	5,256
	On disposals	(5,256)	(5,256)
		─────────	─────────
	At 30 April 2026	-	-
		─────────	─────────
	Net book value
	At 30 April 2026	-	-
		═════════	═════════
	At 30 April 2025	15,769	15,769
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 30 April 2026.

Parent and ultimate parent company

The company regards Sol Golf & Associates Limited as its parent company.

The companys ultimate parent undertaking is Vista Millbrook Limited.

The parent of the largest group in which the results are consolidated is Vista Millbrook Limited.

Vista Millbrook Limited is registered in Ireland.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.