Company registration number 10745446 (England and Wales)
SN1 TOURING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
SN1 TOURING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SN1 TOURING LTD
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Intangible assets
-
0
-
0
Current assets
Debtors
3
654,156
693,844
Cash at bank and in hand
45,798
10,738
699,954
704,582
Creditors: amounts falling due within one year
4
(589,064)
(641,185)
Net current assets
110,890
63,397
Creditors: amounts falling due after more than one year
5
(106,236)
(57,329)
Net assets
4,654
6,068
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
4,653
6,067
Total equity
4,654
6,068

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 10 March 2026
Mr J Thompson
Director
Company registration number 10745446 (England and Wales)
SN1 TOURING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

SN1 Touring Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5a Bear Lane, Southwark, London, United Kingdom, SE1 0UH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

On 29 June 2023, the company entered into a Creditors Voluntary Arrangement.

The terms of the CVA was that the company would make no fewer than 18 voluntary contributions of not less than £525,067 during the term of the arrangement.

Should the voluntary contribution fall 30 days into arrears or fall below the amount specified in the arrangement and remain so after 30 days this would constitute a failure of the arrangement and the Supervisor shall petition for the compulsory winding up of the company.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

SN1 TOURING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
1
1
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
132,000
Corporation tax recoverable
109,893
102,133
Other debtors
544,263
459,711
654,156
693,844
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
14,919
28,092
Corporation tax
318,379
241,090
Other taxation and social security
417
13,742
Other creditors
255,349
358,261
589,064
641,185
SN1 TOURING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
40,000
40,000
Trade creditors
16,236
17,329
Other creditors
50,000
-
0
106,236
57,329
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
7
Related party transactions
Transactions with related parties

Related parties are entities in which the beneficial ownership and control is the same as that of SN1 Touring Ltd. During the year there were various transactions with related parties.

Included in creditors are amounts due from the following related parties:

No BS Music Ltd - £139,461 (20 24: £114,564). Transfers of £67,528 were made by No BS Music Ltd and transfers of £157,042 were received by No BS Music Ltd during the year

Giggs Music Ltd - £56,235 (20 24: £85,785). Transfers of £29,550 were made by Giggs Music Limited during the year.

There is also an overdrawn DCA at the year end within the debtors, the amount of the DCA is £488,785 (2024: £320,945) as at 30 June 2025 and interest was charged of 2.25%

The above disclosures are on an aggregated basis (aggregation of similar transactions by type of transaction or balance).

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