SOUTH SEA 2010 LIMITED

Company Registration Number:
07288896 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

SOUTH SEA 2010 LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

SOUTH SEA 2010 LIMITED

Company Information

for the Period Ended 31 March 2023




Director: F Braz
N Hines
Secretary: F Braz
Registered office: 56
Thorley Hill
Bishops Stortford
Hertfordshire
CM23 3NA
Company Registration Number: 07288896 (England and Wales)

SOUTH SEA 2010 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

Property Management

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
F Braz
N Hines

Secretary
F Braz

This report was approved by the board of directors on 29 August 2023
And Signed On Behalf Of The Board By:

Name: F Braz
Status: Director

SOUTH SEA 2010 LIMITED

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 100,631 40,416
Gross Profit or (Loss) 100,631 40,416
Administrative Expenses ( 43,274 ) ( 11,256 )
Operating Profit or (Loss) 57,357 29,160
Profit or (Loss) Before Tax 57,357 29,160
Tax on Profit ( 5,217 ) ( 0 )
Profit or (Loss) for Period 52,140 29,160

The notes form part of these financial statements

SOUTH SEA 2010 LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 749,147 679,147
Total fixed assets: 749,147 679,147
Current assets
Debtors: 5 100 100
Cash at bank and in hand: 30,575 90,994
Total current assets: 30,675 91,094
Creditors: amounts falling due within one year: 6 ( 38,933 ) ( 31,493 )
Net current assets (liabilities): ( 8,258 ) 59,601
Total assets less current liabilities: 740,889 738,748
Creditors: amounts falling due after more than one year: 7 ( 654,329 ) ( 704,328 )
Total net assets (liabilities): 86,560 34,420

The notes form part of these financial statements

SOUTH SEA 2010 LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 86,460 34,320
Shareholders funds: 86,560 34,420

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 29 August 2023
And Signed On Behalf Of The Board By:

Name: F Braz
Status: Director

The notes form part of these financial statements

SOUTH SEA 2010 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

SOUTH SEA 2010 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

SOUTH SEA 2010 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

SOUTH SEA 2010 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 April 2022 679,147 679,147
Additions 70,000 70,000
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2023 749,147 749,147
Depreciation
At 01 April 2022 0 0
Charge for year - -
On disposals - -
Other adjustments - -
At 31 March 2023 0 0
Net book value
At 31 March 2023 749,147 749,147
At 31 March 2022 679,147 679,147

SOUTH SEA 2010 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors


2023
£

2022
£
Other debtors 100 100
Total 100 100

SOUTH SEA 2010 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 5,217
Other creditors 33,716 31,493
Total 38,933 31,493

SOUTH SEA 2010 LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 654,329 704,328
Total 654,329 704,328