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Company No: 15019395 (England and Wales)

# SOUTHERN UKULELE STORE LTD

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

SOUTHERN UKULELE STORE LTD

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

SOUTHERN UKULELE STORE LTD

## BALANCE SHEET

As at 31 July 2025
SOUTHERN UKULELE STORE LTD

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 31.07.2025 |  | 31.07.2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Investments | 4 | 182,733 |  | 182,733
|  | 182,733 |  | 182,733
Creditors: amounts falling due within one year | 5 | ( 172,733) |  | ( 172,733)
Net current liabilities |  | (172,733) |  | (172,733)
Total assets less current liabilities |  | 10,000 |  | 10,000
Net assets |  | 10,000 |  | 10,000
Capital and reserves |  |  |  |
Called-up share capital | 6 | 10,000 |  | 10,000
Total shareholders' funds |  | 10,000 |  | 10,000

For the financial year ending 31 July 2025 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Southern Ukulele Store Ltd (registered number: 15019395) were approved and authorised for issue by the Board of Directors on 18 March 2026. They were signed on its behalf by:

A D Barclay Director |

SOUTHERN UKULELE STORE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
SOUTHERN UKULELE STORE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Southern Ukulele Store Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3-4 Knighton Heath Estate, 855 Ringwood Road, Bournemouth, BH11 8NE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Prior year adjustment

A prior year adjustment was made to increase the value of shares from £100 to £10,000 to reflect the value on incorporation.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Prior year adjustment

The value of Ordinary share capital has been increased from £100 to £10,000 to agree to the value of issued shares.

|  | As previously reported |  | Adjustment |  | As restated
Year ended 31 July 2024 |  | £ |  | £ |  | £
Ordinary share capital |  | (100) |  | (9,900) |  | (10,000)
Other creditors |  | 100 |  | 9,900 |  | 10,000

#### 3. Employees

| Year ended 31.07.2025 |  | Period from 21.07.2023 to 31.07.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 2

#### 4. Fixed asset investments

Investments in subsidiaries

| 31.07.2025
| £
Cost |
At 01 August 2024 | 182,733
At 31 July 2025 | 182,733
Carrying value at 31 July 2025 | 182,733
Carrying value at 31 July 2024 | 182,733

#### 5. Creditors: amounts falling due within one year

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Amounts owed to Group undertakings | 172,733 |  | 172,733

#### 6. Called-up share capital

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 100.00 each | 10,000 |  | 10,000