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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SOUTH ENGLAND HOLDINGS LIMITED

SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)






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


SOUTH ENGLAND HOLDINGS LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTORS: Mr S Davies
Mr R P Greening





REGISTERED OFFICE: Unit 1, Shapwick House
Shapwick Road
Poole
Dorset
BH15 4AP





REGISTERED NUMBER: 09280954 (England and Wales)






SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,877 2,503
Investments 5 25,000 25,000
Investment property 6 250,000 250,000
276,877 277,503

CURRENT ASSETS
Debtors 7 11,448 38,324
Cash at bank 7,269 1,027
18,717 39,351
CREDITORS
Amounts falling due within one year 8 145,699 160,291
NET CURRENT LIABILITIES (126,982 ) (120,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,895

156,563

CREDITORS
Amounts falling due after more than one year 9 (47,469 ) (54,149 )

PROVISIONS FOR LIABILITIES (16,673 ) (16,829 )
NET ASSETS 85,753 85,585

CAPITAL AND RESERVES
Called up share capital 11 25,000 25,000
Revaluation reserve 12 60,203 60,203
Retained earnings 550 382
SHAREHOLDERS' FUNDS 85,753 85,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 31 October 2024 and were signed on its behalf by:





Mr R P Greening - Director


SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

South England Holdings 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about South England Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rent receivable.

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 reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 8,255
DEPRECIATION
At 1 July 2023 5,752
Charge for year 626
At 30 June 2024 6,378
NET BOOK VALUE
At 30 June 2024 1,877
At 30 June 2023 2,503


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 25,000
NET BOOK VALUE
At 30 June 2024 25,000
At 30 June 2023 25,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 250,000
NET BOOK VALUE
At 30 June 2024 250,000
At 30 June 2023 250,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 250,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 173,593 173,593

The investment property was valued on an open market basis on 30 June 2024 by the directors .

The valuation by the Directors has been undertaken through property market research to include evidence on comparable sales and rental investment yields.

SOUTH ENGLAND HOLDINGS LIMITED (REGISTERED NUMBER: 09280954)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 8,448 -
Amounts owed by associated undertakings - 38,324
Other debtors 3,000 -
11,448 38,324

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,000 8,000
Amounts owed to group undertakings 134,470 148,555
Taxation and social security 672 1,231
Other creditors 2,557 2,505
145,699 160,291

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 47,469 54,149

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 15,469 22,149

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 55,469 62,149

The bank loan is secured by way of a fixed charge against the company's assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,000 Ordinary £1 25,000 25,000

12. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 60,203