Company registration number 13916632 (England and Wales)
SINGTIME UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SINGTIME UK LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
Notes to the financial statements
2 - 4
SINGTIME UK LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,418,919
-
0
Current assets
Debtors
4
408,400
18,519
Cash at bank and in hand
282,340
7,835
690,740
26,354
Creditors: amounts falling due within one year
5
(3,202,787)
(33,893)
Net current liabilities
(2,512,047)
(7,539)
Net liabilities
(93,128)
(7,539)
Capital and reserves
Called up share capital
6
1,000
1,000
Profit and loss reserves
(94,128)
(8,539)
Total equity
(93,128)
(7,539)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved and signed by the director and authorised for issue on 25 September 2024
A. STUDER
Director
Company registration number 13916632 (England and Wales)
SINGTIME UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

SINGTIME UK LTD is a private company limited by shares incorporated in England and Wales. The registered office is 23 copenhagen street, N1 0JB, London.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10 years straight
Computers
3 years straight

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
1
-
0
SINGTIME UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 January 2023
-
0
-
0
-
0
Additions
2,418,290
666
2,418,956
At 31 December 2023
2,418,290
666
2,418,956
Depreciation and impairment
At 1 January 2023
-
0
-
0
-
0
Depreciation charged in the year
-
0
37
37
At 31 December 2023
-
0
37
37
Carrying amount
At 31 December 2023
2,418,290
629
2,418,919
At 31 December 2022
-
0
-
0
-
0
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
408,333
10,713
Prepayments and accrued income
67
7,806
408,400
18,519
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
708,046
9,678
Amounts owed to group undertakings
2,327,884
24,215
Taxation and social security
2,465
-
0
Other creditors
5,201
-
0
Accruals and deferred income
159,191
-
0
3,202,787
33,893
6
Share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
1,000
1,000
1,000
1,000
SINGTIME UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Olivier PJ Foucault
Statutory Auditor:
FC EXPERTISE LTD
Date of audit report:
25 September 2024
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2023
2022
£
£
Within one year
321,750
-
0
Between two and five years
1,287,000
-
0
In over five years
4,826,250
-
0
6,435,000
-
0
9
Ultimate controlling party

The controlling party is M. A. STUDER, by vertue of his shareholding.

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