Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-11-02falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1truetrue 15256668 2023-11-01 15256668 2023-11-02 2024-11-30 15256668 2022-12-01 2023-11-01 15256668 2024-11-30 15256668 c:Director1 2023-11-02 2024-11-30 15256668 d:OfficeEquipment 2023-11-02 2024-11-30 15256668 d:OfficeEquipment 2024-11-30 15256668 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-02 2024-11-30 15256668 d:CurrentFinancialInstruments 2024-11-30 15256668 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 15256668 d:ShareCapital 2024-11-30 15256668 d:RetainedEarningsAccumulatedLosses 2024-11-30 15256668 c:OrdinaryShareClass1 2023-11-02 2024-11-30 15256668 c:OrdinaryShareClass1 2024-11-30 15256668 c:FRS102 2023-11-02 2024-11-30 15256668 c:AuditExempt-NoAccountantsReport 2023-11-02 2024-11-30 15256668 c:FullAccounts 2023-11-02 2024-11-30 15256668 c:PrivateLimitedCompanyLtd 2023-11-02 2024-11-30 15256668 e:PoundSterling 2023-11-02 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15256668









SECOND LIVES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2024

 
SECOND LIVES LTD
REGISTERED NUMBER: 15256668

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,123

  
1,123

Current assets
  

Debtors: amounts falling due within one year
 5 
7

Cash at bank and in hand
 6 
13,034

  
13,041

Creditors: amounts falling due within one year
 7 
(5,817)

Net current assets
  
 
 
7,224

Total assets less current liabilities
  
8,347

  

Net assets
  
8,347


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
8,346

  
8,347


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 August 2025.




Page 1

 
SECOND LIVES LTD
REGISTERED NUMBER: 15256668
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

J Maier
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
SECOND LIVES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

1.


General information

Second Lives Ltd is a private company limited by shares registered in England and Wales. The company's registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS. The company's principal activity is media representation services. The company was incorporated on 2 November 2023 and commenced to trade on that date. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


  
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. Revenue is generated from media representation services.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SECOND LIVES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight Line Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.7

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees




The average monthly number of employees, including director, during the period was 1.

Page 4

 
SECOND LIVES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,539



At 30 November 2024

1,539



Depreciation


Charge for the period on owned assets
416



At 30 November 2024

416



Net book value



At 30 November 2024
1,123


5.


Debtors

2024
£


Other debtors
7

7



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
13,034

13,034


Page 5

 
SECOND LIVES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
1,716

Other creditors
1,601

Accruals and deferred income
2,500

5,817



8.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On 2 November 2023, the company issued 1 Ordinary share of £1 for cash at par.

 
Page 6