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Company Registration No. 12650734 (England and Wales)
Southside Properties (Midlands) Limited Unaudited accounts for the year ended 30 September 2023
Southside Properties (Midlands) Limited Unaudited accounts Contents
Page
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Southside Properties (Midlands) Limited Company Information for the year ended 30 September 2023
Director
Mark Cox
Secretary
Vicky Brewster
Company Number
12650734 (England and Wales)
Registered Office
ASCOT HOUSE 246 COURT OAK ROAD HARBORNE BIRMINGHAM B32 2EG ENGLAND
Accountants
Pendragon Business Consultants Llp ASCOT HOUSE 246 COURT OAK ROAD HARBORNE BIRMINGHAM B32 2EG
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Southside Properties (Midlands) Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,145,000 
1,145,000 
Current assets
Cash at bank and in hand
180 
- 
Creditors: amounts falling due within one year
(330)
(5,250)
Net current liabilities
(150)
(5,250)
Total assets less current liabilities
1,144,850 
1,139,750 
Creditors: amounts falling due after more than one year
(1,253,519)
(1,247,579)
Net liabilities
(108,669)
(107,829)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(109,669)
(108,829)
Shareholders' funds
(108,669)
(107,829)
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 26 September 2024 and were signed on its behalf by
Mark Cox Director Company Registration No. 12650734
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Southside Properties (Midlands) Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Southside Properties (Midlands) Limited is a private company, limited by shares, registered in England and Wales, registration number 12650734. The registered office is ASCOT HOUSE 246 COURT OAK ROAD, HARBORNE, BIRMINGHAM, B32 2EG, ENGLAND.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Land & buildings
0%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 October 2022
1,145,000 
At 30 September 2023
1,145,000 
Depreciation
At 30 September 2023
- 
Net book value
At 30 September 2023
1,145,000 
At 30 September 2022
1,145,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
4,920 
Accruals
330 
330 
330 
5,250 
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Southside Properties (Midlands) Limited Notes to the Accounts for the year ended 30 September 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
775,850 
775,850 
Other creditors
69,160 
471,729 
Loans from directors
408,509 
- 
1,253,519 
1,247,579 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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