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REGISTERED NUMBER: 02314895















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SOUTHWELL PROPERTIES LTD

SOUTHWELL PROPERTIES LTD (REGISTERED NUMBER: 02314895)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTHWELL PROPERTIES LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Southwell Properties Ltd
Mrs D Diffin
M Diffin
Mrs A I T Walker





SECRETARY: Mrs D Diffin





REGISTERED OFFICE: 12 Rockery Croft
Horsforth
Leeds
LS18 5AU





REGISTERED NUMBER: 02314895





ACCOUNTANTS: Beeley Hawley & Co Ltd
Chartered Accountants & Business Advisers
52A Westgate
Southwell
Nottinghamshire
NG25 0JX

SOUTHWELL PROPERTIES LTD (REGISTERED NUMBER: 02314895)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 100
Investment property 5 400,000 400,000
400,000 400,100

CURRENT ASSETS
Cash at bank 2,309 3,628

CREDITORS
Amounts falling due within one year 6 32,142 38,531
NET CURRENT LIABILITIES (29,833 ) (34,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,167

365,197

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 205,600 205,600
Retained earnings 7 163,567 158,597
SHAREHOLDERS' FUNDS 370,167 365,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SOUTHWELL PROPERTIES LTD (REGISTERED NUMBER: 02314895)

BALANCE SHEET - continued
31 December 2023


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 4 September 2024 and were signed on its behalf by:




M Diffin - Director



Mrs A I T Walker - Director


SOUTHWELL PROPERTIES LTD (REGISTERED NUMBER: 02314895)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Southwell Properties Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. 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 comprises of rental income from investment properties.

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 etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SOUTHWELL PROPERTIES LTD (REGISTERED NUMBER: 02314895)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 3,839
DEPRECIATION
At 1 January 2023 3,739
Charge for year 100
At 31 December 2023 3,839
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 400,000
NET BOOK VALUE
At 31 December 2023 400,000
At 31 December 2022 400,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,189 2,975
Deposits 2,800 2,800
Directors' current accounts 26,153 29,743
Accrued expenses 2,000 3,013
32,142 38,531

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 158,597 205,600 364,197
Profit for the year 4,970 4,970
At 31 December 2023 163,567 205,600 369,167