Sixteenth Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 10649498

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,820		6,590

			4,820		6,590
CURRENT ASSETS
Debtors	5	1,274,351		877,874
Cash at bank and in hand		768,200		465,483

		2,042,551		1,343,357
Creditors: Amounts Falling Due Within One Year	6	(1,579,778 )		(1,114,005 )

NET CURRENT ASSETS (LIABILITIES)			462,773		229,352

TOTAL ASSETS LESS CURRENT LIABILITIES			467,593		235,942

Creditors: Amounts Falling Due After More Than One Year	7		-		(25,000 )

NET ASSETS			467,593		210,942

CAPITAL AND RESERVES
Called up share capital	8		13		13
Share premium account			139,999		139,999
Income Statement			327,581		70,930

SHAREHOLDERS' FUNDS			467,593		210,942

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Sixteenth Limited

Statement of Financial Position (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Neil Waller

Director

16/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sixteenth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10649498 . The registered office is 9th Floor, 107 Cheapside, London, Greater London, EC2V 6DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	4 years straight line
Computer Equipment	3 years straight line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Sixteenth Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.8. Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2023: 15)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	2,477	25,039	27,516
Additions	-	2,998	2,998

As at 31 December 2024	2,477	28,037	30,514

Depreciation
As at 1 January 2024	1,392	19,534	20,926
Provided during the period	381	4,387	4,768

As at 31 December 2024	1,773	23,921	25,694

Net Book Value
As at 31 December 2024	704	4,116	4,820

As at 1 January 2024	1,085	5,505	6,590

Cost or valuation as at 31 December 2024 represented by:

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
At cost	2,477	28,037	30,514

	2,477	28,037	30,514

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,063,252	842,957
Prepayments and accrued income	3,187	5,569
Other debtors	1,018	472
Corporation tax recoverable assets	-	27,857
Directors' loan accounts	-	1,019
Amounts owed by group undertakings	206,894	-

	1,274,351	877,874

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Sixteenth Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	642,019	391,664
Bank loans and overdrafts	-	10,072
Corporation tax	73,584	-
Other taxes and social security	20,753	17,016
VAT	50,679	92,295
Other creditors	-	10,699
Pension Control Account	3,493	1,898
Accruals and deferred income	789,250	590,361

	1,579,778	1,114,005

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	-	25,000

Long term creditor is a Bounce Back Loan of £50,000 obtained by the business in June 2020. The loan is repayable over 64 months from June 2021. This was repaid in full during 2024.

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	13	13

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent is Sixteenth Global Limited.

Whalar Ltd is the ultimate controlling party. The company holds 82.5% of shares in Sixteenth Global Limited.

The consolidated financial statements of Whalar Ltd may be obtained from 9th Floor, 107 Cheapside, London, Greater London, EC2V 6DN

Whalar Limted

9th Floor 107 Cheapside, London, EC2V 6DN

Notice to Companies House Date 16/09/2025

Re:- Sixteenth Limited

Registered Number 10649498

Notice regarding exemption from audit requirement under section 479a Companies Act 2006

We, being all the members of Whalar Ltd, hereby confirm our agreement to the exemption from the audit

requirement for the year ended 31 December 2024 under the provisions of section 479a Companies Act

2006.

...CONTINUED

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Sixteenth Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Ultimate Parent Undertaking and Controlling Party - continued

Signed……………………………………………….

Neil Waller, Director of Whalar Ltd

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