Sourcecircle Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10179893

Sourcecircle Holdings Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2026

Sourcecircle Holdings Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	4	170,000	170,000
Investments	5	100	100
		----------	----------
		170,100	170,100

Current assets

Cash at bank and in hand	6,731		10,000

Creditors: amounts falling due within one year	6	69,726		81,030
		---------		---------
Net current liabilities			62,995	71,030
			----------	----------
Total assets less current liabilities			107,105	99,070
			----------	---------

Sourcecircle Holdings Limited

Statement of Financial Position (continued)

31 March 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	7	100	100
Profit and loss account		107,005	98,970
		----------	---------
Shareholders funds		107,105	99,070
		----------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 September 2026 , and are signed on behalf of the board by:

A P King	J King
Director	Director

Company registration number: 10179893

Sourcecircle Holdings Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Swan Lake Glass Works, Upperton Road, Leicester, LE2 7AY, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost basis.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

Certain of the amounts included in the financial statements involve the use of judgement and/or estimation. These judgements and estimates are based on management's best knowledge of the relevant facts and circumstances, having regard to prior experience. but actual results may differ from the amounts included in the financial statements. Information about such judgements and estimation is contained in the accounting policies the notes to the financial statements and the key areas are summarised below: Judgements in applying accounting policies: The directors must judge whether all of the conditions required for revenues to be recognised in the income statement of the financial year, have been met; Sources of estimation uncertainty: Valuation of the investment property held by the company.

Revenue recognition

Turnover represents rental income and management charges received and is recognised on an accrued basis.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4. Tangible assets

	Freehold property
	£
Cost
At 1 April 2025 and 31 March 2026	170,000
	----------
Depreciation
At 1 April 2025 and 31 March 2026	–
	----------
Carrying amount
At 31 March 2026	170,000
	----------
At 31 March 2025	170,000
	----------

The investment property was revalued by an independent professional valuer to a value of £170,000 in March 2017 and the directors consider that this continues to reflect the market value of the property at March 2026.

5. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025 and 31 March 2026	170,100
	----------
Impairment
At 1 April 2025 and 31 March 2026	170,000
	----------

Carrying amount
At 31 March 2026	100
	----------
At 31 March 2025	100
	----------

The Company's subsidiary company is Sourcecircle Limited. Further detail of the subsidiaries are disclosed in the accounts of Source Circle Ventures Limited, the Company's ultimate parent company.

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	66,003	78,003
Corporation tax	–	1,999
Social security and other taxes	3,723	1,028
	---------	---------
	69,726	81,030
	---------	---------

7. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Controlling party

The company is a wholly owned subsidiary of Source Circle Ventures Limited. The ultimate controlling parties are AP King and JA King.