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REGISTERED NUMBER: 08383178 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Southgate Car Park Management Limited

Southgate Car Park Management Limited (Registered number: 08383178)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Southgate Car Park Management Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mrs S Finnamore
A.H. Finnamore





REGISTERED OFFICE: The Studio
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: 08383178 (England and Wales)






Southgate Car Park Management Limited (Registered number: 08383178)

Statement of Financial Position
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 732,147 732,172

CURRENT ASSETS
Debtors 4 18 7,749
Cash at bank 15,552 22,752
15,570 30,501
CREDITORS
Amounts falling due within one year 5 730,414 750,904
NET CURRENT LIABILITIES (714,844 ) (720,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,303

11,769

PROVISIONS FOR LIABILITIES - 5
NET ASSETS 17,303 11,764

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 17,203 11,664
SHAREHOLDERS' FUNDS 17,303 11,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Southgate Car Park Management Limited (Registered number: 08383178)

Statement of Financial Position - continued
31st March 2024


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 11th September 2024 and were signed on its behalf by:





Mrs S Finnamore - Director


Southgate Car Park Management Limited (Registered number: 08383178)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 732,147 600 1,794 734,541
DEPRECIATION
At 1st April 2023 - 575 1,794 2,369
Charge for year - 25 - 25
At 31st March 2024 - 600 1,794 2,394
NET BOOK VALUE
At 31st March 2024 732,147 - - 732,147
At 31st March 2023 732,147 25 - 732,172

Southgate Car Park Management Limited (Registered number: 08383178)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 10 2,110
Other debtors 8 5,639
18 7,749

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 239,986 250,000
Tax 8,750 14,800
VAT 3,491 3,182
Directors' current accounts 476,481 481,216
Accrued expenses 1,706 1,706
730,414 750,904

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
100 Ordinary £1 100 100

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Finnamore.