ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 08645486

SOHO PRIME ENTERTAINMENT LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD FROM 9 AUGUST 2024 TO 31 DECEMBER 2025

SOHO PRIME ENTERTAINMENT LTD

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 7

SOHO PRIME ENTERTAINMENT LTD

REGISTERED NUMBER: 08645486

BALANCE SHEET

AS AT 31 DECEMBER 2025

	31 December	8 August
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		1,098,086		-
			1,098,086		-
Current assets
Debtors: amounts falling due within one year	5	308,028		-
Cash at bank and in hand	6	132,979		1
		441,007		1
Creditors: amounts falling due within one year	7	(2,520,967)		-
Net current liabilities			(2,079,960)		1
Total assets less current liabilities			(981,874)		1

Net liabilities			(981,874)		1

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		(981,875)	-
		(981,874)	1

SOHO PRIME ENTERTAINMENT LTD

REGISTERED NUMBER: 08645486

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 October 2026.

C G Kirkendoll

Director

The notes on pages 3 to 7 form part of these financial statements.

SOHO PRIME ENTERTAINMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Soho Prime Entertainment Ltd is a private company, limited by shares, registered in England and Wales, registration number 08645486. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company is the hotels, hospitality and leisure services.

The company was incorporated on 9 August 2013 and commenced its trading on 12 August 2024.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

As at the year end, the balance sheet shows that the company has liabilities in excess of assets as a result of losses made to date. The directors are of the opinion that this is temporary due to it being a newly traded company, and therefore the accounts have been prepared on a going concern basis. The directors have confirmed that they will provide support to the company in order for the company to maintain operations and meet liabilites in full for the foreseeable future and meet the excess liabilities if the company is unable to do so.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

SOHO PRIME ENTERTAINMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property

straight line over the lease term

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

SOHO PRIME ENTERTAINMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from other third parties and loans to related parties.

Employees

The average monthly number of employees, including directors, during the period was 3 (2024 - 1).

4.	Tangible fixed assets

		Short-term leasehold property
		£
	Cost or valuation
	Additions	1,130,174
	At 31 December 2025	1,130,174
	Depreciation
	Charge for the period	32,088
	At 31 December 2025	32,088
	Net book value
	At 31 December 2025	1,098,086

SOHO PRIME ENTERTAINMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Debtors

					31 December	8 August
					2025	2024
					£	£


Other debtors	304,093	-
Prepayments	3,935	-
	308,028	-

	Cash at bank and in hand	132,979	1

Trade creditors	3,600	-
Other taxation and social security	15,741	-
Other creditors	2,024,726	-
Accruals	476,900	-
	2,520,967	-

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

There is a single class of ordinary share. There are no restrictions on the distribution of dividends and the repayment of capital.

SOHO PRIME ENTERTAINMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

9.	Related party transactions
	Included within other creditors at the period end is an amount of £1,990,343 (2024 - £Nil) payable to Kirkendoll Management LLC. The balance represents an unsecured, interest-free loan which is repayable on demand.