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REGISTERED NUMBER: 10731958 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

PB Southern Capital Ltd

PB Southern Capital Ltd (Registered number: 10731958)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


PB Southern Capital Ltd (Registered number: 10731958)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 88,335 88,335

CURRENT ASSETS
Debtors 5 57 -

CREDITORS
Amounts falling due within one year 6 69,514 72,673
NET CURRENT LIABILITIES (69,457 ) (72,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,878

15,662

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 18,778 15,562
SHAREHOLDERS' FUNDS 18,878 15,662

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PB Southern Capital Ltd (Registered number: 10731958)

Statement of Financial Position - continued
30 April 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 Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





Mr Ben Bundy - Director


PB Southern Capital Ltd (Registered number: 10731958)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

PB Southern Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10731958

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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.

Turnover
Turnover represents the fair value of rent received or receivable from the investment property, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
The investment property has been stated at cost. The Board do not consider the fair value of the property to be materially different from the value disclosed.

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.


PB Southern Capital Ltd (Registered number: 10731958)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2022
and 30 April 2023 88,335
NET BOOK VALUE
At 30 April 2023 88,335
At 30 April 2022 88,335

Cost or valuation at 30 April 2023 is represented by:
£   
Valuation in 2020 11,665
Valuation in 2022 (11,665 )
Cost 88,335
88,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 57 -

PB Southern Capital Ltd (Registered number: 10731958)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 2,000 2,401
Other creditors 67,514 70,272
69,514 72,673

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

The company was owed £33,722 from its director, Mr Ben Bundy who is also a 50% shareholder of the company as at accounting year end date.

The company was owed £33,722 from its director, Mr Stjepan Paric who is also a 50% shareholder of the company as at accounting year end date.