Company Registration No. 11911668 (England and Wales)
Southern Ventures Ltd
Unaudited accounts
for the year ended 31 March 2023
Southern Ventures Ltd
Unaudited accounts
Contents
Southern Ventures Ltd
Company Information
for the year ended 31 March 2023
Company Number
11911668 (England and Wales)
Registered Office
9 Shell Cove
Dawlish
EX7 0RT
Accountants
Dead Simple Accounting
Suite 30, 105 London Street
Reading
Berkshire
RG1 4QD
Southern Ventures Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
122,710
36,450
Cash at bank and in hand
316,530
275,118
Creditors: amounts falling due within one year
(36,098)
(41,697)
Net current assets
280,432
233,421
Total assets less current liabilities
412,002
278,631
Creditors: amounts falling due after more than one year
(24,697)
(29,766)
Net assets
387,305
248,865
Called up share capital
1
1
Profit and loss account
387,304
248,864
Shareholders' funds
387,305
248,865
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2024 and were signed on its behalf by
Mr Carl Parnell
Director
Company Registration No. 11911668
Southern Ventures Ltd
Notes to the Accounts
for the year ended 31 March 2023
Southern Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 11911668. The registered office is 9 Shell Cove, Dawlish, EX7 0RT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
5
Investments
Other investments
Valuation at 1 April 2022
8,760
Valuation at 31 March 2023
8,860
Southern Ventures Ltd
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
54,562
57,039
Loans from directors
(18,464)
(15,342)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).