SOUTHSEA ISLAND RAIL LIMITED

Company Registration Number:
13303987 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

SOUTHSEA ISLAND RAIL LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SOUTHSEA ISLAND RAIL LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The companies main activities are the Construction of Railways & underground railways. SIC 42120Both the level of the business and the period and position were satisfactory.

Additional information

DIVIDENDNo distributions were made during this period.FIXED ASSESTSFull disclosure of all matters relating to fixed assets are set out in the notes to the financial statements.DIRECTOR(S) AND THEIR INTERESTSThe director at the balance sheet date and his interests in the company at that date and at the beginning of the year (or appointment if later), were as follows: Class of Share Number of Share M J F BRENT. Ordinary Shares. 1U TUITUBOU. Ordinary Shares 1



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Matthew Brent
Ulaiasi Tuitubou


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 August 2023

And signed on behalf of the board by:
Name: Matthew Brent
Status: Director

SOUTHSEA ISLAND RAIL LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 207,348 2,230
Cost of sales: ( 148,377 ) ( 862 )
Gross profit(or loss): 58,971 1,368
Administrative expenses: ( 44,591 ) ( 9,819 )
Operating profit(or loss): 14,380 (8,451)
Profit(or loss) before tax: 14,380 (8,451)
Tax: ( 2,876 )
Profit(or loss) for the financial year: 11,504 (8,451)

SOUTHSEA ISLAND RAIL LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 7,028 5,392
Total fixed assets: 7,028 5,392
Current assets
Cash at bank and in hand: 23,816 20,704
Total current assets: 23,816 20,704
Creditors: amounts falling due within one year: 4 0 ( 14,545 )
Net current assets (liabilities): 23,816 6,159
Total assets less current liabilities: 30,844 11,551
Creditors: amounts falling due after more than one year: 5 ( 19,340 ) ( 20,000 )
Total net assets (liabilities): 11,504 (8,449)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 11,502 (8,451 )
Total Shareholders' funds: 11,504 (8,449)

The notes form part of these financial statements

SOUTHSEA ISLAND RAIL LIMITED

Balance sheet statements

For the year ending 31 March 2023 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.

This report was approved by the board of directors on 14 August 2023
and signed on behalf of the board by:

Name: Matthew Brent
Status: Director

The notes form part of these financial statements

SOUTHSEA ISLAND RAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the total invoice value, excluding value added tax, of goods sold and services rendered during the year.

    Tangible fixed assets depreciation policy

    The financial statement are prepared under the historical cost convention and are in accordance with applicable accounting standards.

SOUTHSEA ISLAND RAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 1

SOUTHSEA ISLAND RAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 1,157 2,185 2,050 5,392
Additions 3,500 3,500
Disposals
Revaluations
Transfers
At 31 March 2023 1,157 2,185 5,550 8,892
Depreciation
At 1 April 2022 0 0 0 0
Charge for year 1,157 257 450 1,864
On disposals
Other adjustments
At 31 March 2023 1,157 257 450 1,864
Net book value
At 31 March 2023 0 1,928 5,100 7,028
At 31 March 2022 1,157 2,185 2,050 5,392

SOUTHSEA ISLAND RAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 0 14,545
Total 0 14,545

SOUTHSEA ISLAND RAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 19,340 20,000
Total 19,340 20,000

SOUTHSEA ISLAND RAIL LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Financial Commitments

work in progress