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REGISTERED NUMBER: 08318066 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SOFTLIGHT CITY LIMITED

SOFTLIGHT CITY LIMITED (REGISTERED NUMBER: 08318066)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


SOFTLIGHT CITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr J J Van Heerden





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 08318066 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

SOFTLIGHT CITY LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
SOFTLIGHT CITY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


16 October 2024

SOFTLIGHT CITY LIMITED (REGISTERED NUMBER: 08318066)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 424,480 425,154

CURRENT ASSETS
Cash at bank 1,033 -

CREDITORS
Amounts falling due within one year 5 544,144 495,089
NET CURRENT LIABILITIES (543,111 ) (495,089 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(118,631

)

(69,935

)

CREDITORS
Amounts falling due after more than
one year

6

46,637

100,264
NET LIABILITIES (165,268 ) (170,199 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (165,368 ) (170,299 )
SHAREHOLDERS' FUNDS (165,268 ) (170,199 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SOFTLIGHT CITY LIMITED (REGISTERED NUMBER: 08318066)

BALANCE SHEET - continued
31 DECEMBER 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 15 October 2024 and were signed by:





Mr J J Van Heerden - Director


SOFTLIGHT CITY LIMITED (REGISTERED NUMBER: 08318066)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Softlight City 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.

Freehold - No depreciation
Fixtures & Fittings - 25% on cost
Computer Equipment - 25% 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.

Going concern disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SOFTLIGHT CITY LIMITED (REGISTERED NUMBER: 08318066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 424,181 10,073 15,622 449,876
DEPRECIATION
At 1 January 2023 - 10,073 14,649 24,722
Charge for year - - 674 674
At 31 December 2023 - 10,073 15,323 25,396
NET BOOK VALUE
At 31 December 2023 424,181 - 299 424,480
At 31 December 2022 424,181 - 973 425,154

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,028 4,094
Trade creditors - 1,137
Director's current account 538,178 489,858
Accrued expenses 1,938 -
544,144 495,089

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.12.23 31.12.22
£    £   
BBL Loan Due > 1 Yr 8,358 12,283
Bank loan due 1-2 years 8,511 8,511
Bank loans - 2-5 years 27,955 27,955
Bank loan due > 5 years 1,813 51,515
46,637 100,264

SOFTLIGHT CITY LIMITED (REGISTERED NUMBER: 08318066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

HSBC granted a loan, in February 2015, repayable over 15 years at a rate of 4% above the base rate and they hold a charge of the assets.

The bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 5 years, and early repayment is possible without additional charges.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary shares £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (170,299 )
Profit for the year 4,931
At 31 December 2023 (165,368 )

9. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due within one year, is an amount of £538,178 (2022 - £489,858) owed to the director. This loan is interest free, of no fixed term and repayable on demand.

The controlling party is the company director by virtue of his shareholding.

10. TAXATION

The company has carried forward losses of £164,864 (2022 - £170,469) to offset against future profits.