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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SOUTH ENGLAND HOLDINGS LIMITED

SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)






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


SOUTH ENGLAND HOLDINGS LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTORS: Mr S Davies
Mr R P Greening





REGISTERED OFFICE: Unit 1, Shapwick House
Shapwick Road
Poole
Dorset
BH15 4AP





REGISTERED NUMBER: 09280954 (England and Wales)






SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,503 3,337
Investments 5 25,000 25,000
Investment property 6 250,000 225,000
277,503 253,337

CURRENT ASSETS
Debtors 7 38,324 147,957
Cash at bank 1,027 402
39,351 148,359
CREDITORS
Amounts falling due within one year 8 160,291 241,755
NET CURRENT LIABILITIES (120,940 ) (93,396 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,563

159,941

CREDITORS
Amounts falling due after more than one year 9 (54,149 ) (63,066 )

PROVISIONS FOR LIABILITIES (16,829 ) (9,719 )
NET ASSETS 85,585 87,156

CAPITAL AND RESERVES
Called up share capital 11 25,000 25,000
Revaluation reserve 12 60,203 50,322
Retained earnings 382 11,834
SHAREHOLDERS' FUNDS 85,585 87,156

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:





Mr R P Greening - Director


SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

South England Holdings 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about South England Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rent receivable.

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 - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 8,255
DEPRECIATION
At 1 July 2022 4,918
Charge for year 834
At 30 June 2023 5,752
NET BOOK VALUE
At 30 June 2023 2,503
At 30 June 2022 3,337


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 25,000
NET BOOK VALUE
At 30 June 2023 25,000
At 30 June 2022 25,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 225,000
Additions 8,000
Revaluations 17,000
At 30 June 2023 250,000
NET BOOK VALUE
At 30 June 2023 250,000
At 30 June 2022 225,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 250,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 173,593 165,593

The investment property was valued on an open market basis on 30 June 2023 by the directors .

The valuation by the Directors has been undertaken through property market research to include evidence on comparable sales and rental investment yields.

SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 11,633
Amounts owed by associated undertakings 38,324 136,324
38,324 147,957

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,000 8,000
Amounts owed to group undertakings 148,555 231,689
Taxation and social security 1,231 911
Other creditors 2,505 1,155
160,291 241,755

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 54,149 63,066

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 22,149 32,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 62,149 71,066

The bank loan is secured by way of a fixed charge against the company's assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary £1 25,000 25,000

12. RESERVES
Revaluation
reserve
£   
At 1 July 2022 50,322
Revaluation surplus 9,881

At 30 June 2023 60,203