SOCO MUSIC PROJECT Financials
- Company number
- 06859322CopyCopy
- Registered office
- Planet Sounds 40 The Arches, Terminus Terrace, Southampton, Hampshire SO14 3FE
- Incorporated
- 26/03/2009
Company snapshot
- Status
- Active
- Employees
- 8 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-53.16%vs 20222022: £154.77K
Total Assets
-20.08%vs 20222022: £163.05K
Total Liabilities
598.07%vs 20222022: £8.28K
Employees
+2vs 20222022: 6
In 2023, SOCO MUSIC PROJECT reported net assets of £72.50K. The same filing shows total assets of £130.30K and total liabilities of £57.81K. Reported headcount was 8 in 2023. Net Assets fell from £154.77K in 2022 to £72.50K in 2023 (-53.16%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-53.16%from £154.77K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures SOCO MUSIC PROJECT filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+15.7%vs 2021+7.5% a year compound (CAGR)
Total Assets
+60.1%vs 2021+26.5% a year compound (CAGR)
Total Liabilities
+209%vs 2021+75.7% a year compound (CAGR)
Employees
+167%vs 2021+5Biggest increase
Total Liabilities+209%
£18.74K in 2021 to £57.81K in 2023
Every indicator Okredo holds for SOCO MUSIC PROJECT rose between 2021 and 2023. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, with net assets, total assets and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SOCO MUSIC PROJECT's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 55.64%2023
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 44.36%2023
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SOCO MUSIC PROJECT by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 62.68K | 154.77K | 72.50K |
| Total Assets£ | 81.41K | 163.05K | 130.30K |
| Cash in Bank£ | – | – | – |
| Total Liabilities£ | 18.74K | 8.28K | 57.81K |
| Employees | 3 | 6 | 8 |
SOCO MUSIC PROJECT financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SOCO MUSIC PROJECT covering 2021–2023, across 4 reported indicators. The most recent reported year is 2023.
SOCO MUSIC PROJECT reported net assets of £72.50K for 2023. That compares with £154.77K in 2022, a change of -53.16%.
SOCO MUSIC PROJECT reported total assets of £130.30K for 2023. That compares with £163.05K in 2022, a change of -20.08%.
SOCO MUSIC PROJECT reported total liabilities of £57.81K for 2023. That compares with £8.28K in 2022, a change of 598.07%.
SOCO MUSIC PROJECT reported 8 employees in 2023, compared with 6 in 2022.
Between 2021 and 2023, SOCO MUSIC PROJECT's net assets rose by 15.7%, total assets rose by 60.1%, total liabilities rose by 209% and employee numbers rose by 167%. Net assets compounded at 7.5% a year across the two years to 2023, from £62.68K to £72.50K. Reported headcount went from 3 in 2021 to 8 in 2023 (+5).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.