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Social Revenue Ltd

Unaudited financial statements for the year ended 31 October 2023


Company information

Social Revenue Ltd is a private company limited by shares, registered in England and Wales, registered number 10433812.

The company's registered office is: 17a Electric Lane, London, SW9 8LA, United Kingdom.

Balance Sheet

as at 31 October 2023

2023 2022
£ £
Fixed assets 231.10 1,185.00
Current assets 1,481.60 1,076.00
Creditors: amounts falling due within one year (2,241.23) 847.00
Net current assets / (liabilities) (759.63) 1,923.00
Total assets less current liabilities (528.53) 3,108.00
Accruals and deferred income 0.00 1,410.00
Net assets (528.53) 4,518.00
Capital and reserves (528.53) 4,518.00

For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Directors' responsibilities:

Approved by the board of directors and signed on behalf of the board,

E. J. Razzell
31 July 2024

Notes to the accounts

  1. Average number of employees

    During the year the average number of employees was 1 (2022: 1).

  2. Director Advances Credits Note

    As of 31 October 2023, the balance sheet shows a total assets minus current liabilities position of -£529. It is important to note that a significant portion of the company's creditors consists of amounts owed to the director. This amount owed to the director totals £1241.80, representing 55% of the total creditors. The director has confirmed that repayment of these amounts will be subordinated to other creditors without jeopardising its ability to meet other obligations. Significantly, if the £1,241.80 owed to the director were to be excluded, the company's balance sheet position would instead be £712.80. This adjusted figure demonstrates that the company's underlying financial position, excluding director-related liabilities, is solvent. The negative balance sheet position is primarily a result of the director's financial support of the company rather than external liabilities. Given the nature of these liabilities and the underlying positive position excluding this, the director asserts that the company remains a going concern and is able to meet its obligations as they fall due.

  3. Financial Commitments Note

    Despite the negative balance sheet position, the company has no external financial commitments beyond normal trade creditors and tax liabilities. The director is committed to supporting the company's ongoing operations.