REGISTERED NUMBER: 07508452 (England and Wales)

SOUTHSIDE BUSINESS DISTRICT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S D Ball

J L Kinsella

J Wong

S D Cross

W Du

REGISTERED OFFICE:

1st Floor Wynner House

143 Bromsgrove Street

Birmingham

B5 6RG

REGISTERED NUMBER:

07508452 (England and Wales)

AUDITORS:

UHY Hacker Young (Birmingham) LLP

Statutory Auditor

9-11 Vittoria Street

Birmingham

B1 3ND

FIXED ASSETS

Tangible assets

4

-

519

CURRENT ASSETS

Debtors

5

27,011

12,758

Cash at bank

90,948

205,499

117,959

218,257

CREDITORS

Amounts falling due within one year

6

40,649

27,989

NET CURRENT ASSETS

77,310

190,268

TOTAL ASSETS LESS CURRENT LIABILITIES

77,310

190,787

RESERVES

Income and expenditure account

77,310

190,787

77,310

190,787

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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

J L Kinsella - Director

1.	STATUTORY INFORMATION

Southside Business District Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the company’s future funding and operations in light of the forthcoming ballot on the renewal of the Business improvement District (BID). The ballot will take place between 11 September 2025 and 23 October 2025, with the result expected on 24 October 2025. If the ballot is successful, the company will continue to operate for a further five-year term. If the ballot is unsuccessful, the company’s operations will cease on 31 March 2026.

These circumstances represent a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern. Nevertheless, the directors consider it appropriate to prepare the financial statements on a going concern basis because funding is in place until March 2026 and, based on engagement with stakeholders and previous ballot results, the directors are confident of a successful ballot outcome.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

4,755

DEPRECIATION

At 1 April 2024

4,236

Charge for year

519

At 31 March 2025

4,755

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,222

8,962

Other debtors

18,789

3,796

27,011

12,758

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,207

3,941

Taxation and social security

6,695

6,705

Other creditors

32,747

17,343

40,649

27,989

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Stephens (Senior Statutory Auditor)

for and on behalf of UHY Hacker Young (Birmingham) LLP

8.	RELATED PARTY DISCLOSURES

During the year ended 31 March 2025, services were purchased for £1,000 (2024: £125), from Birmingham LGBT, of which S D Ball is also a director.

During the year ended 31 March 2025, services were purchased for £9,000 (2024: £5,000), from Birmingham Pride (UK) Ltd, of which L S Barton is also a director.

During the year ended 31 March 2025, services were purchased for £306 (2024: £312), from Chung Ying Cantonese Restaurant Limited, of which J Wong is also a director.

There were no amounts owing to or from related parties at the year end. All transactions were made on normal commercial terms.