IRIS Accounts Production v23.3.0.418 01300027 director 1.7.22 30.6.23 30.6.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013000272022-06-30013000272023-06-30013000272022-07-012023-06-30013000272021-06-30013000272021-07-012022-06-30013000272022-06-3001300027ns10:Originalns15:EnglandWales2022-07-012023-06-3001300027ns14:PoundSterlingns10:Original2022-07-012023-06-3001300027ns10:Originalns10:Director12022-07-012023-06-3001300027ns10:Original2022-07-012023-06-3001300027ns10:Original2023-06-3001300027ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3001300027ns10:Originalns10:SmallEntities2022-07-012023-06-3001300027ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-3001300027ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3001300027ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3001300027ns10:Originalns10:FullAccounts2022-07-012023-06-3001300027ns10:Original2021-07-012022-06-3001300027ns10:Originalns10:RegisteredOffice2022-07-012023-06-3001300027ns10:Original2022-06-3001300027ns10:Originalns5:CurrentFinancialInstruments2023-06-3001300027ns10:Originalns5:CurrentFinancialInstruments2022-06-3001300027ns5:ShareCapitalns10:Original2023-06-3001300027ns5:ShareCapitalns10:Original2022-06-3001300027ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3001300027ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-30
REGISTERED NUMBER: 01300027 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SOUTHPORCH LIMITED

SOUTHPORCH LIMITED (REGISTERED NUMBER: 01300027)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

SOUTHPORCH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: K L Mayell





REGISTERED OFFICE: 70 Grand Parade
Brighton
Sussex
BN2 9JA





REGISTERED NUMBER: 01300027 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

SOUTHPORCH LIMITED (REGISTERED NUMBER: 01300027)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £
CURRENT ASSETS
Debtors 4 - 2,255
Cash at bank 693 -
693 2,255
CREDITORS
Amounts falling due within one year 5 3,232 1,464
NET CURRENT (LIABILITIES)/ASSETS (2,539 ) 791
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,539

)

791

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,639 ) 691
SHAREHOLDERS' FUNDS (2,539 ) 791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2024 and were signed by:





K L Mayell - Director


SOUTHPORCH LIMITED (REGISTERED NUMBER: 01300027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Southporch 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.

Transition to frs 102
This is the first year that the company has presented its results under FRS 102. The last financial statements under UK GAAP were for the year ended 30th June 2016. The date of transition to FRS 102 was 1st July 2015. There are no transitional adjustments arising from the first time adoption of FRS 102.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash includes cash in hand and deposits held with banks. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. Cash equivalents are highly liquid investments that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings - 2,255

SOUTHPORCH LIMITED (REGISTERED NUMBER: 01300027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 152
Amounts owed to group undertakings 1,920 -
Accruals and deferred income 1,312 1,312
3,232 1,464

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOUTHPORCH LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Southporch Limited for the year ended 30 June 2023 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Southporch Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Southporch Limited and state those matters that we have agreed to state to the director of Southporch Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southporch Limited and its director for our work or for this report.

It is your duty to ensure that Southporch Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Southporch Limited. You consider that Southporch Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Southporch Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


7 February 2024