Soabar Sessions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02018922 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Soabar Sessions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H S Meyer

T J Sessions

M H Sessions

Mrs L C Seeger

SECRETARY:

H S Meyer

REGISTERED OFFICE:

7 Grape Lane

Petergate

York

North Yorkshire

YO1 7HU

REGISTERED NUMBER:

02018922 (England and Wales)

ACCOUNTANTS:

BOTTING & CO LIMITED

Chartered Accountants

8 Clifton Moor Business Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

13,721

14,785

Investments

6

383,854

362,020

Investment property

7

1,574,419

1,971,994

1,951,224

CURRENT ASSETS

Debtors

8

148,920

154,739

Prepayments and accrued income

6,777

6,009

Cash at bank

23,746

38,029

179,443

198,777

CREDITORS

Amounts falling due within one year

9

12,095

12,309

NET CURRENT ASSETS

167,348

186,468

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,139,342

2,137,692

CREDITORS

Amounts falling due after more than one year

10

(11,644

)

-

PROVISIONS FOR LIABILITIES

(40,700

)

(40,700

)

NET ASSETS

2,086,998

2,096,992

CAPITAL AND RESERVES

Called up share capital

49,048

Retained earnings

2,037,950

2,047,944

2,086,998

2,096,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

M H Sessions - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

10% on cost and 2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

55,000

AMORTISATION

At 1 May 2024

and 30 April 2025

55,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 May 2024

36,355

9,267

45,622

Additions

-

58

At 30 April 2025

36,355

9,325

45,680

DEPRECIATION

At 1 May 2024

25,838

4,999

30,837

Charge for year

-

1,122

At 30 April 2025

25,838

6,121

31,959

NET BOOK VALUE

At 30 April 2025

10,517

3,204

13,721

At 30 April 2024

10,517

4,268

14,785

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST OR VALUATION

At 1 May 2024

2,010

360,010

362,020

Additions

-

21,834

At 30 April 2025

2,010

381,844

383,854

NET BOOK VALUE

At 30 April 2025

2,010

381,844

383,854

At 30 April 2024

2,010

360,010

362,020

Cost or valuation at 30 April 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

Valuation in 2024

(1,000

)

360,010

359,010

Valuation in 2025

-

21,834

Cost

3,010

-

3,010

2,010

381,844

383,854

The company's investments at the Balance Sheet date in the share capital of companies include the following:

44 Tuffnell Park Freehold Ltd

Registered office: England & Wales

Nature of business: Administration of properties

%

Class of shares:

holding

Ordinary

50.00

Radius Publishing Ltd

Registered office: England & Wales

Nature of business: Publishing

%

Class of shares:

holding

Ordinary

10.00

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

1,574,419

NET BOOK VALUE

At 30 April 2025

1,574,419

At 30 April 2024

1,574,419

Fair value at 30 April 2025 is represented by:

£

Valuation in 2017

1,112,850

Valuation in 2019

76,475

Valuation in 2020

(75,952

)

Valuation in 2024

461,046

1,574,419

If investment properties had not been revalued they would have been included at the following historical cost:

30.4.25

30.4.24

£

Cost

1,291,958

Aggregate depreciation

312,827

Investment properties were valued on an open market basis on 30 April 2017 by the directors .

8.

DEBTORS

30.4.25

30.4.24

£

Amounts falling due within one year:

Trade debtors

2,490

10,022

Other debtors

4,835

3,122

7,325

13,144

Amounts falling due after more than one year:

Other debtors

141,595

Aggregate amounts

148,920

154,739

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade creditors

9,551

9,852

Other creditors

2,544

2,457

12,095

12,309

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

Other creditors

11,644

-

11.	RETAINED EARNINGS

Retained Earnings 2023 b/fwd

2,058,393

Profit for the financial year 2024

-885

2057509

Less Dividend for the year

9564

Retained Earnings 2023 c/fwd

2047944