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REGISTERED NUMBER: 08703286 (England and Wales)












180 South Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






180 South Limited (Registered number: 08703286)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


180 South Limited

Company Information
for the Year Ended 30 September 2023







Director: A Crawford





Registered office: 10 Hilton Road
Bramhall
Stockport
England
SK7 3AG





Registered number: 08703286 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

180 South Limited (Registered number: 08703286)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 13,542 13,010
Investments 5 49,980 51,089
63,522 64,099

Current assets
Debtors 6 - 9,142
Cash at bank 18,983 61,485
18,983 70,627
Creditors
Amounts falling due within one year 7 2,958 6,091
Net current assets 16,025 64,536
Total assets less current liabilities 79,547 128,635

Provisions for liabilities 2,573 2,472
Net assets 76,974 126,163

Capital and reserves
Called up share capital 8 5 5
Retained earnings 76,969 126,158
Shareholders' funds 76,974 126,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

180 South Limited (Registered number: 08703286)

Balance Sheet - continued
30 September 2023


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 director and authorised for issue on 5 February 2024 and were signed by:





A Crawford - Director


180 South Limited (Registered number: 08703286)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. Statutory information

180 South 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

180 South Limited (Registered number: 08703286)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company does not operate a company pension scheme but makes contributions to a personal pension scheme of the director. Contributions payable for the year are charged in the profit and loss account.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 October 2022 32,339 1,185 4,990 38,514
Additions 726 2,800 1,780 5,306
At 30 September 2023 33,065 3,985 6,770 43,820
Depreciation
At 1 October 2022 21,194 974 3,336 25,504
Charge for year 2,374 753 1,647 4,774
At 30 September 2023 23,568 1,727 4,983 30,278
Net book value
At 30 September 2023 9,497 2,258 1,787 13,542
At 30 September 2022 11,145 211 1,654 13,010

180 South Limited (Registered number: 08703286)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. Fixed asset investments
Other
investments
£   
Cost
At 1 October 2022 51,089
Additions 34,990
Disposals (36,099 )
At 30 September 2023 49,980
Net book value
At 30 September 2023 49,980
At 30 September 2022 51,089

6. Debtors: amounts falling due within one year
30.9.23 30.9.22
£    £   
Trade debtors - 7,200
Other debtors - 540
Corporation tax recoverable - 1,402
- 9,142

7. Creditors: amounts falling due within one year
30.9.23 30.9.22
£    £   
VAT 2,692 2,663
Directors' current accounts 266 3,428
2,958 6,091

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
4 Ordinary £1 4 4
1 Ordinary A £1 1 1
5 5