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Company Registration No. 09632665 (England and Wales)
Southland Investments Ltd Unaudited accounts for the year ended 31 December 2023
Southland Investments Ltd Unaudited accounts Contents
Page
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Southland Investments Ltd Company Information for the year ended 31 December 2023
Directors
Mendy Stern Moses Lorincz
Company Number
09632665 (England and Wales)
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Southland Investments Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,100,000 
1,100,000 
Current assets
Debtors
288,122 
215,622 
Cash at bank and in hand
8,563 
52,745 
296,685 
268,367 
Creditors: amounts falling due within one year
(42,805)
(47,132)
Net current assets
253,880 
221,235 
Total assets less current liabilities
1,353,880 
1,321,235 
Creditors: amounts falling due after more than one year
(817,925)
(823,803)
Provisions for liabilities
Other provisions
(74,465)
(74,465)
Net assets
461,490 
422,967 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
391,920 
391,920 
Profit and loss account
69,569 
31,046 
Shareholders' funds
461,490 
422,967 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Mendy Stern Director Company Registration No. 09632665
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Southland Investments Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Southland Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 09632665.
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
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,100,000 
At 31 December 2023
1,100,000 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
1,100,000 
At 31 December 2022
1,100,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
288,122 
215,622 
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Southland Investments Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
9,036 
5,376 
Other creditors
30,499 
40,586 
Accruals
3,270 
1,170 
42,805 
47,132 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
817,925 
823,803 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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