South Tap Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14417589

South Tap Limited

Filleted Unaudited Financial Statements

31 October 2024

South Tap Limited

Financial Statements

Year ended 31 October 2024

Contents	Page

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	3

South Tap Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of South Tap Limited

Year ended 31 October 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants

P.O. Box 10901 Birmingham B1 1ZQ

31 October 2025

South Tap Limited

Statement of Financial Position

31 October 2024

	2024		2023
Note	£	£	£	£

Current assets

Debtors	4	( 29,355)	( 1,104)
Cash at bank and in hand		32,280	1,134
		--------	-------
		2,925	30

Creditors: amounts falling due within one year	5	3,013		570
		-------		----
Net current liabilities			88		540
			----		----
Total assets less current liabilities			( 88)		( 540)
			----		----
Net liabilities			( 88)		( 540)
			----		----

Capital and reserves

Called up share capital	6	100	100
Profit and loss account		( 188)	( 640)
		----	----
Shareholders deficit		( 88)	( 540)
		----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr A.K. Kenth

Director

Company registration number: 14417589

South Tap Limited

Notes to the Financial Statements

Year ended 31 October 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Studio 10 Clarks Courtyard, 145 Granville Street, Birmingham, B1 1SB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Debtors

	2024	2023
	£	£
Trade debtors	71,987	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	( 135,842)	( 42,500)
Other debtors	34,500	41,396
	---------	--------
	( 29,355)	( 1,104)
	---------	--------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Social security and other taxes	1,943	–
Other creditors	1,070	570
	-------	----
	3,013	570
	-------	----

6. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

7. Directors' advances, credits and guarantees

At 31st October 2024, other creditors include the following amounts due to the director:- Mr A. Kenth £70 (2023 - £70) The loans are interest free and repayable on demand