Registered number
05842120
SPC Southampton Limited
Unaudited Filleted Accounts
31 May 2023
SPC Southampton Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Balance sheet 4
Notes to the accounts 5
SPC Southampton Limited
Company Information
Director
S P Calvert
Secretary
M Calvert
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Bankers
National Westminster Bank Plc
43-49 London Road
Southampton
Hampshire
SO15 2BL
Registered office
Ridgemount House
Romsey Road
Ower
Hampshire
SO51 6AE
Registered number
05842120
SPC Southampton Limited
Registered number: 05842120
Director's Report
The director presents his report and accounts for the year ended 31 May 2023.
Principal activities
The company's principal activity during the year continued to be that of a holding company.
Directors
The following persons served as directors during the year:
S P Calvert
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 February 2024 and signed on its behalf.
Mr S P Calvert
Director
SPC Southampton Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SPC Southampton Limited for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SPC Southampton Limited for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
23 February 2024
SPC Southampton Limited
Registered number: 05842120
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,569,611 1,560,960
Current assets
Debtors 4 81,147 84,656
Cash at bank and in hand 2 2
81,149 84,658
Creditors: amounts falling due within one year 5 (1,319,820) (1,190,133)
Net current liabilities (1,238,671) (1,105,475)
Total assets less current liabilities 330,940 455,485
Creditors: amounts falling due after more than one year 6 (318,058) (408,652)
Net assets 12,882 46,833
Capital and reserves
Called up share capital 200 200
Profit and loss account 12,682 46,633
Shareholders' funds 12,882 46,833
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S P Calvert
Director
Approved by the board on 21 February 2024
SPC Southampton Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Consolidation
In the opinion of the director, the company and it's subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Going concern
Despite the negative net current liabilities, the director has prepared the accounts on a going concern basis. The significant creditor is a subsidiary company, which is under the control of the director.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 June 2022 1,560,960
Additions 8,651
At 31 May 2023 1,569,611
At the year end, the company has three subsidiaries;

Northwood Southampton Limited, incorporated in UK, 100% owned, registered office: 56 Castle Street, Salisbury, SP1 3TS

Northwood (Salisbury) Limited, incorporated in UK, 100% owned, registered office: 1 Bellevue Road, Southampton, SO15 2AW.

Bassets Property Services Limited, incorporated in UK, 100% owned, registered office: Cheviot House, 69-73 Castle Street, Salisbury, SP1 3SP.
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 66,916
Other debtors 81,147 17,740
81,147 84,656
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 96,800 92,400
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,090,548 786,191
Other creditors 132,472 311,542
1,319,820 1,190,133
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 318,058 408,652
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years - 39,052
8 Controlling party
The company was under the control of S P Calvert during the year.
9 Other information
SPC Southampton Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ridgemount House
Romsey Road
Ower
Hampshire
SO51 6AE
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