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REGISTERED NUMBER: 10239340 (England and Wales)
















Solid Vibe Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023






Solid Vibe Limited (Registered number: 10239340)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Solid Vibe Limited

Company Information
for the Year Ended 31st March 2023







Directors: Mr. E J Bles
Mrs. C P Ellis
Mr. R A Weems
Mr. D P Kelleher





Registered office: 7a Ezra Street
London
E2 7RH





Registered number: 10239340 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Solid Vibe Limited (Registered number: 10239340)

Statement of Financial Position
31st March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investment property 4 770,000 770,000

Current assets
Debtors 5 7,646 1,371
Cash at bank 786 9,573
8,432 10,944
Creditors
Amounts falling due within one year 6 702,188 711,870
Net current liabilities (693,756 ) (700,926 )
Total assets less current liabilities 76,244 69,074

Capital and reserves
Called up share capital 100 100
Retained earnings 76,144 68,974
76,244 69,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:





Mr. E J Bles - Director


Solid Vibe Limited (Registered number: 10239340)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. Statutory information

Solid Vibe 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 as the fair value of rents received or receivable during the accounting period.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Investment property
Total
£   
Fair value
At 1st April 2022
and 31st March 2023 770,000
Net book value
At 31st March 2023 770,000
At 31st March 2022 770,000

Solid Vibe Limited (Registered number: 10239340)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. Investment property - continued

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2018 (19,312 )
Valuation in 2019 20,000
Valuation in 2021 (40,000 )
Valuation in 2022 30,000
Cost 779,312
770,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 779,312 779,312

The investment property was valued on an open market basis on 31st March 2023 by the directors .

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 7,646 1,371

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security 1,682 4,084
Other creditors 700,506 707,786
702,188 711,870