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REGISTERED NUMBER: 12266995 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FELTHAM HOLDINGS (SOUTH) LIMITED

FELTHAM HOLDINGS (SOUTH) LIMITED (REGISTERED NUMBER: 12266995)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FELTHAM HOLDINGS (SOUTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D S Yates
A B Brown
S Bates





REGISTERED OFFICE: Feltham House
42 London Road
Newbury
Berkshire
RG14 1LA





REGISTERED NUMBER: 12266995 (England and Wales)





AUDITORS: Haines Watts, Statutory Auditor
Chartered Accountants
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

FELTHAM HOLDINGS (SOUTH) LIMITED (REGISTERED NUMBER: 12266995)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £
CURRENT ASSETS
Stocks 1,840,000 1,840,000
Debtors 4 2,458 -
Cash at bank 10,192 11,406
1,852,650 1,851,406
CREDITORS
Amounts falling due within one year 5 633,943 663,808
NET CURRENT ASSETS 1,218,707 1,187,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,218,707

1,187,598

CREDITORS
Amounts falling due after more than one
year

6

1,104,000

1,104,000
NET ASSETS 114,707 83,598

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 114,706 83,597
SHAREHOLDERS' FUNDS 114,707 83,598

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 and authorised for issue by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





D S Yates - Director


FELTHAM HOLDINGS (SOUTH) LIMITED (REGISTERED NUMBER: 12266995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Feltham Holdings (South) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland including the provisions of Section 1A Small Entities and the Companies Act 2006. The financial statements have been rounded to the nearest £.

Going Concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.Based on these assessment and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Revenue in respect of the sale of residential properties is recognised once contracts have exchanged and there is a legal obligation on the buyer to complete the purchase.

FELTHAM HOLDINGS (SOUTH) LIMITED (REGISTERED NUMBER: 12266995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs
Finance costs and associated issue costs relating to specific developments are included in stock and released to the Profit and loss account in line with other direct costs relating to that development.

All other finance costs are charged to the Profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation
Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 2,458 -

FELTHAM HOLDINGS (SOUTH) LIMITED (REGISTERED NUMBER: 12266995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 622,755 653,757
Taxation and social security 7,562 7,562
Other creditors 3,626 2,489
633,943 663,808

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 1,104,000 1,104,000

The company bank loan is secured via a legal charge of the Company's assets.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary share £1 1 1

8. RESERVES
Retained
earnings
£

At 1 July 2023 83,597
Profit for the year 31,109
At 30 June 2024 114,706

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Newbold FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts, Statutory Auditor

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

FELTHAM HOLDINGS (SOUTH) LIMITED (REGISTERED NUMBER: 12266995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. ULTIMATE CONTROLLING PARTY

The immediate parent company is Feltham Properties Limited, a company incorporated in England and Wales.

The ultimate controlling party is Feltham Group Limited, a company incorporated in England and Wales.