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Registered number: 03174264

Second City Ventures Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2025

Prepared By:

M P Bailey Accountancy

Sole Trader

72

Dunstall Road

Halesowen

West Midlands

B63 1BE

Second City Ventures Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2025

DIRECTORS

Michael Paul BAILEY

REGISTERED OFFICE

72 Dunstall Road

Halesowen

West Midlands

B63 1BE

COMPANY DETAILS

Private company limited by shares registered in England, registered number 03174264

ACCOUNTANTS

M P Bailey Accountancy

Sole Trader

72

Dunstall Road

Halesowen

West Midlands

B63 1BE

Second City Ventures Limited

ACCOUNTS
FOR THEYEARENDED31/12/2025
CONTENTS
		Page
Directors' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Second City Ventures Limited

BALANCE SHEET AT 31/12/2025
						2025
		Notes				£
FIXED ASSETS
Tangible assets		3				2,627
CURRENT ASSETS
Stock				6,000
Debtors		5		27,049
				33,049
CREDITORS: Amounts falling due within one year		6		32,337
NET CURRENT ASSETS						712
TOTAL ASSETS LESS CURRENT LIABILITIES						3,339
CAPITAL AND RESERVES
Called up share capital		7				2
Profit and loss account						3,337
SHAREHOLDERS' FUNDS						3,339
For the year ending 31/12/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/09/2026 and signed on their behalf by
.............................
Michael Paul BAILEY
Director

Second City Ventures Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		%
Fixtures and Fittings		%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2. EMPLOYEES
				2025
				No.		No.
Average number of employees				2

Second City Ventures Limited

3. TANGIBLE FIXED ASSETS
		Plant and		Fixtures
		Machinery		and Fittings		Total
		£		£		£
Cost
At 01/01/2025		6,552		3,278		9,830
Additions		-		2,036		2,036
Disposals		-		(2,349)		(2,349)
At 31/12/2025		6,552		2,965		9,517
Depreciation
At 01/01/2025		4,493		3,211		7,704
Disposals		-		(2,346)		(2,346)
For the year		804		728		1,532
At 31/12/2025		5,297		1,593		6,890
Net Book Amounts
At 31/12/2025		1,255		1,372		2,627
At 31/12/2024		2,059		67		2,126

4. STOCK				2025
				£
Stock comprises:
Stock				6,000
				6,000

5. DEBTORS				2025
				£
Amounts falling due within one year
Trade debtors				8,220
VAT				1,804
Other debtors				5,525
Prepayments				11,500
				27,049

Second City Ventures Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025
				£
UK corporation tax				267
Directors current account				1,564
Bank loans and overdrafts				14
Bank Loan				23,515
Trade creditors				3,715
Other creditors				3,262
				32,337

7. SHARE CAPITAL				2025
				£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each				2
				2