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Registration number: 07297026

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

for
 

Southmoor Agencies Ltd

 

Southmoor Agencies Ltd

Contents of the Financial Statements
for the Year Ended 31 March 2023

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Southmoor Agencies Ltd

Company Information
for the Year Ended 31 March 2023

Director:

B E Isard

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

07297026

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Southmoor Agencies Ltd

(Registration number: 07297026)
Balance Sheet as at 31 March 2023

Note

31.03.23

31.03.22

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

100,139

 

49,836

Investments

5

 

521,008

 

521,008

   

621,147

 

570,844

CURRENT ASSETS

   

 

Debtors

6

52,913

 

52,913

 

Cash at bank and in hand

 

2,538,643

 

1,948,221

 

 

2,591,556

 

2,001,134

 

CREDITORS

   

 

Creditors within 1yr

7

3,265

 

3,126

 

Net current assets

   

2,588,291

 

1,998,008

Net assets

   

3,209,438

 

2,568,852

CAPITAL AND RESERVES

   

 

Called up share capital

 

1

 

1

Profit and loss account

 

3,209,437

 

2,568,851

Shareholders' funds

   

3,209,438

 

2,568,852

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 February 2024
 

.........................................
B E Isard
Director

 

Southmoor Agencies Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 5 February 2024.

2.

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Building improvements

3% - Straight line basis

Investments

Investments in associate undertakings are recognised at cost.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Southmoor Agencies Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023 (continued)

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4.

Tangible assets

Building Improvements
£

Total
£

Cost or valuation

At 1 April 2022

49,836

49,836

Additions

53,202

53,202

At 31 March 2023

103,038

103,038

Depreciation

Charge for the year

2,899

2,899

At 31 March 2023

2,899

2,899

Carrying amount

At 31 March 2023

100,139

100,139

At 31 March 2022

49,836

49,836

5.

Investments

Associates

Interest
in
associate
£

Cost

At 1 April 2022

521,008

NET BOOK VALUE

At 31 March 2023

521,008

At 31 March 2022

521,008

 

Southmoor Agencies Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023 (continued)

6.

Debtors

Current

31.03.23
£

31.03.22
£

Amounts owed by related parties

52,600

52,600

Other debtors

313

313

 

52,913

52,913

7.

Creditors

Creditors: amounts falling due within one year

31.03.23
£

31.03.22
£

Due within one year

Accruals and deferred income

3,020

2,880

Other creditors

245

246

3,265

3,126