REGISTERED NUMBER: 06543993 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

57 Live Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W M Briggs

REGISTERED OFFICE:

2nd Floor 138-140

Southwark Street

SE1 0SW

REGISTERED NUMBER:

06543993 (England and Wales)

ACCOUNTANTS:

Gilroy & Brookes Accountants Limited

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

Fixed assets

Tangible assets

4

2,269

1,869

Current assets

Debtors

5

97,543

257,419

Cash at bank

1,186,211

926,639

1,283,754

1,184,058

Creditors

Amounts falling due within one year

6

(187,431

)

(272,246

)

Net current assets

1,096,323

911,812

Total assets less current liabilities

1,098,592

913,681

Creditors

Amounts falling due after more than one year

7

(271,178

)

(275,716

)

Net assets

827,414

637,965

Capital and reserves

Called up share capital

8

1

1

Retained earnings

827,413

637,964

Shareholders' funds

827,414

637,965

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

W M Briggs - Director

1.	STATUTORY INFORMATION

57 Live Ltd 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.

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.

Computer equipment

-

25% on cost

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

3,918

Additions

1,365

At 31 December 2024

5,283

DEPRECIATION

At 1 January 2024

2,049

Charge for year

965

At 31 December 2024

3,014

NET BOOK VALUE

At 31 December 2024

2,269

At 31 December 2023

1,869

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

79,802

240,264

Directors' Loan Account

7,155

7,155

Deposits

586

-

87,543

247,419

Amounts falling due after more than one year:

Loan

10,000

10,000

Aggregate amounts

97,543

257,419

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

60,850

109,123

Wages Payable - Payroll

9,375

-

Tax

114,811

52,943

PAYE/NI liability

38

-

VAT

1,882

42,135

Accruals

475

68,045

187,431

272,246

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to associates

271,178

275,716

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

9.	ULTIMATE CONTROLLING PARTY

The controlling party is W M Briggs.