Registered number
10596351
Southern Cross Britannia Limited
Filleted Accounts
31 December 2022
Southern Cross Britannia Limited
Registered number: 10596351
Balance Sheet
as at 31 December 2022
Notes 31/12/22 28/2/22
£ £
Fixed assets
Tangible assets 3 43,571 57,127
Current assets
Debtors 4 63,316 25,752
Cash at bank and in hand 2,520 36,535
65,836 62,287
Creditors: amounts falling due within one year 5 (42,040) (29,371)
Net current assets 23,796 32,916
Total assets less current liabilities 67,367 90,043
Creditors: amounts falling due after more than one year 6 (609,925) (485,555)
Net liabilities (542,558) (395,512)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (543,558) (396,512)
Shareholder's funds (542,558) (395,512)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Mobius
Director
Approved by the board on 17 November 2023
Southern Cross Britannia Limited
Notes to the Accounts
for the period from 1 March 2022 to 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixed assets 18% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 31/12/22 28/2/22
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 18,135 57,180 75,315
At 31 December 2022 18,135 57,180 75,315
Depreciation
At 1 March 2022 3,929 14,259 18,188
Charge for the period 3,264 10,292 13,556
At 31 December 2022 7,193 24,551 31,744
Net book value
At 31 December 2022 10,942 32,629 43,571
At 28 February 2022 14,206 42,921 57,127
4 Debtors 31/12/22 28/2/22
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 63,316 25,752
5 Creditors: amounts falling due within one year 31/12/22 28/2/22
£ £
Pension 330 83
Taxation and social security costs 278 2,264
Director loan account 2,007 -
Other creditors 39,425 27,024
42,040 29,371
6 Creditors: amounts falling due after one year 31/12/22 28/2/22
£ £
Other creditors 609,925 485,555
7 Related party transactions
Included Inter Comapny transfred at the balance sheet date is an amount of £ 63,316(2022: £0) due from Humbolt Minerals Limited. A company in which the director,C.Mobius , is director and shareholder.
8 Other information
Southern Cross Britannia Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Keystone Law
1st Floor,48 Chancery Lane,
London,United Kingdom
WC2A1JF
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