Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Investments | 4 | ||||||
Current assets | |||||||
Debtors | 5 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 7 | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Fair value reserve | 9 | ||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
A Alexandrou | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Investment properties | NIL | |||||||
Investment property is revalued each year at fair value. Any changes in fair value are recognised in the profit or loss. | ||||||||
Investments | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Investment properties | ||||||||
£ | ||||||||
Fair value | ||||||||
At 1 September 2022 | ||||||||
Additions | ||||||||
At 31 August 2023 | ||||||||
Depreciation | ||||||||
At 31 August 2023 | - | |||||||
Fair value | ||||||||
At 31 August 2023 | ||||||||
At 31 August 2022 | ||||||||
Investment properties were valued on a fair value basis on 31 August 2023 by the directors Mr G Leonidas and Mr A Alexandrou. | ||||||||
4 | Investments | |||||||
Investments in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 September 2022 | ||||||||
At 31 August 2023 | ||||||||
5 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Amounts owed by associated companies | ||||||||
Exchange monies for property completion | - | 250,000 | ||||||
Other debtors | ||||||||
6 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Trade creditors | ||||||||
Amounts owed to associated companies | ||||||||
Other loans | 121,692 | 121,692 | ||||||
Taxation and social security costs | ||||||||
Dividends payable | 21,775 | 19,775 | ||||||
Other creditors | ||||||||
7 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans | ||||||||
8 | Loans | 2023 | 2022 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Amounts payable otherwise than by instalment falling due for payment after more than five years | 1,872,710 | - | ||||||
Instalments falling due for payment after more than five years | 1,241,064 | 1,353,888 | ||||||
Secured bank loans | 7,823,682 | 6,096,761 | ||||||
9 | Fair value reserve | 2023 | 2022 | |||||
£ | £ | |||||||
At 1 September 2022 | ||||||||
At 31 August 2023 | ||||||||
10 | Related party transactions | |||||||
£589,016 (2022: £585,016) owed by Icospec Limited £590,000 (2022: £627,100) Atlantic Developments (Cudworth) Limited £92,926 (2022: £92,926) Marlyn Properties Limited £1,968,022 (2022: £1,856,733) Friday Hill House Limited £1,444,981 (2022: £1,519,185) Atlantic Lodge (Housing) Limited These are companies in which the directors A Alexandrou and G Leonidas have an interest. Included in debtors falling due within one year are balances of: £411,015 (2022: £415,115) Atlantic (Hertford) Limited £1,631,886 (2022: £1,644,386) Southern Territory (UK) Limited £63 (2022: £63) Southern Territory London Limited £13,000 (2022 - £13,000) STUK03 Ltd £46,449 (2022 - £18,949) STUK07 Ltd £1,333,158 (2022 - £1,315,058) STUK06 Ltd £9,000 (2022 - £Nil) STUK11 Ltd These are companies in which the director A Alexandrou has an interest. Included in creditors falling due with in one year are balances of £487,267 (2022 : £487,267) owed to Waterhouse Properties Limited a company in which the director G Leonidas holds an interest, £1,000 (2022 - £1,000) owed to STUK01 Ltd and £695,524 (2022 - £225,200) owed to STUK10 Ltd, companies in which the director A Alexandrou holds an interest. |
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11 | Controlling party | |||||||
12 | Other information | |||||||
Southern Territory Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Atlantic Business Centre | ||||||||
1 The Green | ||||||||
London | ||||||||
E4 7ES |