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SOUTHERN COUNTIES REAL ESTATE
COMPANY LIMITED

REPORT OF THE DIRECTOR AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






SOUTHERN COUNTIES REAL ESTATE
COMPANY LIMITED (REGISTERED NUMBER: 09022942)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SOUTHERN COUNTIES REAL ESTATE
COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 May 2023







DIRECTOR: S B T Spicer





REGISTERED OFFICE: 4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST





REGISTERED NUMBER: 09022942 (England and Wales)





ACCOUNTANTS: ADAMS MOORHOUSE LIMITED, Chartered Accountants
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST

SOUTHERN COUNTIES REAL ESTATE
COMPANY LIMITED (REGISTERED NUMBER: 09022942)

STATEMENT OF FINANCIAL POSITION
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,932 22,547

CURRENT ASSETS
Debtors 5 8,909 10,068
Cash at bank 38,877 68,283
47,786 78,351
CREDITORS
Amounts falling due within one year 6 46,913 77,848
NET CURRENT ASSETS 873 503
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,805

23,050

PROVISIONS FOR LIABILITIES 4,283 4,283
NET ASSETS 18,522 18,767

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,422 18,667
SHAREHOLDERS' FUNDS 18,522 18,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SOUTHERN COUNTIES REAL ESTATE
COMPANY LIMITED (REGISTERED NUMBER: 09022942)

STATEMENT OF FINANCIAL POSITION - continued
31 May 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2024 and were signed by:





S B T Spicer - Director


SOUTHERN COUNTIES REAL ESTATE
COMPANY LIMITED (REGISTERED NUMBER: 09022942)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023


1. STATUTORY INFORMATION

Southern Counties Real Estate Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SOUTHERN COUNTIES REAL ESTATE
COMPANY LIMITED (REGISTERED NUMBER: 09022942)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 June 2022 34,518
Additions 3,256
At 31 May 2023 37,774
Depreciation
At 1 June 2022 11,971
Charge for year 3,871
At 31 May 2023 15,842
Net book value
At 31 May 2023 21,932
At 31 May 2022 22,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,750 8,055
Other debtors 5,159 2,013
8,909 10,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 11,317 13,679
Other creditors 35,596 64,169
46,913 77,848

7. CONTINGENT LIABILITIES

As far as the board is aware, there were no contingent liabilities at the balance sheet date.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2022 - £35,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is S B T Spicer.