2023-04-012024-03-312024-03-31false07999083SOUTHDEN 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SOUTHDEN LIMITED

Registered Number
07999083
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SOUTHDEN LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

PATEL, Pretash Rajnikant, Dr
SAYEGH, Claire Emma, Dr
WAKERLEY, Timothy Andrew, Dr

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

07999083 (England and Wales)
SOUTHDEN LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4445,432447,867
445,432447,867
Current assets
Stocks57,5007,500
Debtors64,4686,186
Cash at bank and on hand39,93239,224
51,90052,910
Creditors amounts falling due within one year7(482,649)(408,252)
Net current assets (liabilities)(430,749)(355,342)
Total assets less current liabilities14,68392,525
Creditors amounts falling due after one year8(6,354)(17,604)
Net assets8,32974,921
Capital and reserves
Called up share capital150150
Profit and loss account8,17974,771
Shareholders' funds8,32974,921
The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2024, and are signed on its behalf by:
SAYEGH, Claire Emma, Dr
Director
Registered Company No. 07999083
SOUTHDEN LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
Southden Limited 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.
Statement of compliance
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 policy
Turnover represents the fees receivable for dental treatments performed and the supply of related goods and services.
Employee benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-100
Plant and machinery25-
Fixtures and fittings25-
Office Equipment25-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.Average number of employees

20242023
Average number of employees during the year1414
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 23780,000780,000
At 31 March 24780,000780,000
Amortisation and impairment
At 01 April 23780,000780,000
At 31 March 24780,000780,000
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 23435,33853,80512,99810,759512,900
Additions-14,05059999915,648
At 31 March 24435,33867,85513,59711,758528,548
Depreciation and impairment
At 01 April 2329,76914,79511,7148,75565,033
Charge for year5,93811,19844650118,083
At 31 March 2435,70725,99312,1609,25683,116
Net book value
At 31 March 24399,63141,8621,4372,502445,432
At 31 March 23405,56939,0101,2842,004447,867
5.Stocks

2024

2023

££
Other stocks7,5007,500
Total7,5007,500
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7802,389
Prepayments and accrued income3,6883,797
Total4,4686,186
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,1615,224
Bank borrowings and overdrafts6,2506,250
Taxation and social security107,03870,938
Finance lease and HP contracts5,0005,000
Other creditors354,000316,640
Accrued liabilities and deferred income4,2004,200
Total482,649408,252
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,6048,854
Other creditors3,7508,750
Total6,35417,604
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts3,7508,750
10.Guarantees provided on behalf of directors
The credit balance of £349,250 (2023: £313,250) relates to directors.
11.Parent-subsidiary relationships
The parent company is Southden Holdings Limited