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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
Page
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Southern Ventures Ltd Company Information for the year ended 31 March 2023
Director
Mr Carl Parnell
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
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Southern Ventures Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
122,710 
36,450 
Investments
8,860 
8,760 
131,570 
45,210 
Current assets
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 
Capital and reserves
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
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Southern Ventures Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
10 yrs
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2022
40,500 
Additions
90,310 
At 31 March 2023
130,810 
Depreciation
At 1 April 2022
4,050 
Charge for the year
4,050 
At 31 March 2023
8,100 
Net book value
At 31 March 2023
122,710 
At 31 March 2022
36,450 
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
8,760 
Additions
100 
Valuation at 31 March 2023
8,860 
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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)
36,098 
41,697 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,697 
29,766 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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