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REGISTERED NUMBER: 05744494 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

South By Southwest Limited

South By Southwest Limited (Registered number: 05744494)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


South By Southwest Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: J J Bryson





REGISTERED OFFICE: 120 Cockfosters Road
London
EN4 0DZ





REGISTERED NUMBER: 05744494 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

South By Southwest Limited (Registered number: 05744494)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 62,713 62,713
Tangible assets 5 - -
62,713 62,713

CURRENT ASSETS
Debtors 6 6,708 6,708

CREDITORS
Amounts falling due within one year 7 99,217 99,037
NET CURRENT LIABILITIES (92,509 ) (92,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,796

)

(29,616

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (29,896 ) (29,716 )
SHAREHOLDERS' FUNDS (29,796 ) (29,616 )

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.

South By Southwest Limited (Registered number: 05744494)

Statement of Financial Position - continued
30 June 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





J J Bryson - Director


South By Southwest Limited (Registered number: 05744494)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

South By Southwest 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.

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 - 25% on cost

Land and building held and used in the Company's own activities for production and supply of goods or for administration purposes are stated in the statement of financial position at their revalued amounts. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

Depreciation on cost of buildings is charged to profit and loss. Depreciation on the revaluation amount on buildings is charged to the revaluation reserve, so as to write off their value less residual value, over their estimated useful life, using the straight line method.

Once the property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings unless an asset is derecognised.

Intangible assets- development costs
The website has been completed and these costs have been matched against current direct revenue.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company is therefore technically insolvent but is being supported by its directors and shareholders.

3. EMPLOYEES AND DIRECTORS

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

South By Southwest Limited (Registered number: 05744494)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 62,713
NET BOOK VALUE
At 30 June 2024 62,713
At 30 June 2023 62,713

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 186
DEPRECIATION
At 1 July 2023
and 30 June 2024 186
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,708 6,708

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 99,037 98,857
Accrued expenses 180 180
99,217 99,037

South By Southwest Limited (Registered number: 05744494)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 July 2023 (29,716 )
Deficit for the year (180 )
At 30 June 2024 (29,896 )