REGISTERED NUMBER: 07589894 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

FROM THE OTHER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M G Carlin

Ms R R Burns

Ms S E Roberts

Ms E E Thompson

REGISTERED OFFICE:

Islington Mill

James Street

Salford

Lancashire

M3 5HW

REGISTERED NUMBER:

07589894 (England and Wales)

ACCOUNTANTS:

Xeinadin

100 Barbirolli Square

Manchester

M2 3BD

FIXED ASSETS

Tangible assets

4

5,080

-

CURRENT ASSETS

Debtors

5

19,751

2,117

Cash at bank

214,207

101,892

233,958

104,009

CREDITORS

Amounts falling due within one year

6

95,753

18,838

NET CURRENT ASSETS

138,205

85,171

TOTAL ASSETS LESS CURRENT LIABILITIES

143,285

85,171

RESERVES

Income and expenditure account

143,285

85,171

143,285

85,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

Mr M G Carlin - Director

1.	STATUTORY INFORMATION

Sound From The Other City Ltd is a private company, limited by guarantee, registered in England and Wales. The company's registered number is 07589894. The company registered office and principal place of business is Islington Mill, James Street, Salford, M3 5HW.

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.

Turnover principally consists of income from the hosting of an annual music and arts festival.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery

- 25% Reducing balance

Taxation

Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

6,096

At 31 July 2024

6,096

DEPRECIATION

Charge for year

1,016

At 31 July 2024

1,016

NET BOOK VALUE

At 31 July 2024

5,080

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

19,725

2,117

Other debtors

26

-

19,751

2,117

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

6,651

548

Taxation and social security

25,391

7,361

Other creditors

63,711

10,929

95,753

18,838

7.	LIMITED BY GUARANTEE

The company is limited by guarantee and accordingly has no share capital.

The guarantee is limited to the members contributing £1 each in the event of the company being wound up.