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REGISTERED NUMBER: 13470877 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

SXM HOLDINGS LIMITED

SXM HOLDINGS LIMITED (Registered number: 13470877)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SXM HOLDINGS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S X Magnani





REGISTERED OFFICE: 19 Ashley Road
Walton-On-Thames
KT12 1JB





REGISTERED NUMBER: 13470877 (England and Wales)






SXM HOLDINGS LIMITED (Registered number: 13470877)

Balance Sheet
30 June 2024

30.6.24 30.6.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,136 1,560
Investments 5 - 167,269
7,136 168,829

CURRENT ASSETS
Debtors 6 81,361 10,187
Cash at bank 50,910 65,655
132,271 75,842
CREDITORS
Amounts falling due within one year 7 (405 ) 164,669
NET CURRENT ASSETS/(LIABILITIES) 132,676 (88,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,812

80,002

CREDITORS
Amounts falling due after more than one
year

8

(97,169

)

(97,169

)

PROVISIONS FOR LIABILITIES (1,784 ) (296 )
NET ASSETS/(LIABILITIES) 40,859 (17,463 )

SXM HOLDINGS LIMITED (Registered number: 13470877)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
as restated
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 70,000 70,000
Retained earnings (29,341 ) (87,663 )
40,859 (17,463 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 19 March 2025 and were signed by:





S X Magnani - Director


SXM HOLDINGS LIMITED (Registered number: 13470877)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

SXM HOLDINGS 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance
(%)

Computer equipment 25

Investments in subsidiaries
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between costs and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

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.


SXM HOLDINGS LIMITED (Registered number: 13470877)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 2,559
Additions 6,656
At 30 June 2024 9,215
DEPRECIATION
At 1 July 2023 999
Charge for year 1,080
At 30 June 2024 2,079
NET BOOK VALUE
At 30 June 2024 7,136
At 30 June 2023 1,560

SXM HOLDINGS LIMITED (Registered number: 13470877)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 167,269
Disposals (167,269 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 167,269

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
as restated
£    £   
Trade debtors 6,765 9,521
Other debtors 74,596 666
81,361 10,187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
as restated
£    £   
Amounts owed to group undertakings - 150,100
Taxation and social security (1,572 ) 118
Other creditors 1,167 14,451
(405 ) 164,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
as restated
£    £   
Other creditors 97,169 97,169

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's current account debit balance of £73,932 (2023: £12,639 credit balance) relates to Dr S Magnani.