2023-04-012024-03-312024-03-31false13674390Southsea Building & Renovation Ltd2025-02-1916230falseiso4217:GBPxbrli:pure136743902023-04-01136743902024-03-31136743902023-04-012024-03-31136743902022-04-01136743902023-03-31136743902022-04-012023-03-3113674390bus:SmallEntities2023-04-012024-03-3113674390bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3113674390bus:AbridgedAccounts2023-04-012024-03-3113674390bus:PrivateLimitedCompanyLtd2023-04-012024-03-3113674390core:WithinOneYear2024-03-3113674390core:AfterOneYear2024-03-3113674390core:WithinOneYear2023-03-3113674390core:AfterOneYear2023-03-3113674390core:ShareCapital2024-03-3113674390core:SharePremium2024-03-3113674390core:RevaluationReserve2024-03-3113674390core:OtherReservesSubtotal2024-03-3113674390core:RetainedEarningsAccumulatedLosses2024-03-3113674390core:ShareCapital2023-03-3113674390core:SharePremium2023-03-3113674390core:RevaluationReserve2023-03-3113674390core:OtherReservesSubtotal2023-03-3113674390core:RetainedEarningsAccumulatedLosses2023-03-3113674390core:LandBuildings2024-03-3113674390core:PlantMachinery2024-03-3113674390core:Vehicles2024-03-3113674390core:FurnitureFittings2024-03-3113674390core:OfficeEquipment2024-03-3113674390core:NetGoodwill2024-03-3113674390core:IntangibleAssetsOtherThanGoodwill2024-03-3113674390core:ListedExchangeTraded2024-03-3113674390core:UnlistedNon-exchangeTraded2024-03-3113674390core:LandBuildings2023-03-3113674390core:PlantMachinery2023-03-3113674390core:Vehicles2023-03-3113674390core:FurnitureFittings2023-03-3113674390core:OfficeEquipment2023-03-3113674390core:NetGoodwill2023-03-3113674390core:IntangibleAssetsOtherThanGoodwill2023-03-3113674390core:ListedExchangeTraded2023-03-3113674390core:UnlistedNon-exchangeTraded2023-03-3113674390core:LandBuildings2023-04-012024-03-3113674390core:PlantMachinery2023-04-012024-03-3113674390core:Vehicles2023-04-012024-03-3113674390core:FurnitureFittings2023-04-012024-03-3113674390core:OfficeEquipment2023-04-012024-03-3113674390core:NetGoodwill2023-04-012024-03-3113674390core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113674390core:ListedExchangeTraded2023-04-012024-03-3113674390core:UnlistedNon-exchangeTraded2023-04-012024-03-3113674390core:MoreThanFiveYears2023-04-012024-03-3113674390core:Non-currentFinancialInstruments2024-03-3113674390core:Non-currentFinancialInstruments2023-03-3113674390dpl:CostSales2023-04-012024-03-3113674390dpl:DistributionCosts2023-04-012024-03-3113674390core:LandBuildings2023-04-012024-03-3113674390core:PlantMachinery2023-04-012024-03-3113674390core:Vehicles2023-04-012024-03-3113674390core:FurnitureFittings2023-04-012024-03-3113674390core:OfficeEquipment2023-04-012024-03-3113674390dpl:AdministrativeExpenses2023-04-012024-03-3113674390core:NetGoodwill2023-04-012024-03-3113674390core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113674390dpl:GroupUndertakings2023-04-012024-03-3113674390dpl:ParticipatingInterests2023-04-012024-03-3113674390dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3113674390core:ListedExchangeTraded2023-04-012024-03-3113674390dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3113674390core:UnlistedNon-exchangeTraded2023-04-012024-03-3113674390dpl:CostSales2022-04-012023-03-3113674390dpl:DistributionCosts2022-04-012023-03-3113674390core:LandBuildings2022-04-012023-03-3113674390core:PlantMachinery2022-04-012023-03-3113674390core:Vehicles2022-04-012023-03-3113674390core:FurnitureFittings2022-04-012023-03-3113674390core:OfficeEquipment2022-04-012023-03-3113674390dpl:AdministrativeExpenses2022-04-012023-03-3113674390core:NetGoodwill2022-04-012023-03-3113674390core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3113674390dpl:GroupUndertakings2022-04-012023-03-3113674390dpl:ParticipatingInterests2022-04-012023-03-3113674390dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3113674390core:ListedExchangeTraded2022-04-012023-03-3113674390dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3113674390core:UnlistedNon-exchangeTraded2022-04-012023-03-3113674390core:NetGoodwill2024-03-3113674390core:IntangibleAssetsOtherThanGoodwill2024-03-3113674390core:LandBuildings2024-03-3113674390core:PlantMachinery2024-03-3113674390core:Vehicles2024-03-3113674390core:FurnitureFittings2024-03-3113674390core:OfficeEquipment2024-03-3113674390core:AfterOneYear2024-03-3113674390core:WithinOneYear2024-03-3113674390core:ListedExchangeTraded2024-03-3113674390core:UnlistedNon-exchangeTraded2024-03-3113674390core:ShareCapital2024-03-3113674390core:SharePremium2024-03-3113674390core:RevaluationReserve2024-03-3113674390core:OtherReservesSubtotal2024-03-3113674390core:RetainedEarningsAccumulatedLosses2024-03-3113674390core:NetGoodwill2023-03-3113674390core:IntangibleAssetsOtherThanGoodwill2023-03-3113674390core:LandBuildings2023-03-3113674390core:PlantMachinery2023-03-3113674390core:Vehicles2023-03-3113674390core:FurnitureFittings2023-03-3113674390core:OfficeEquipment2023-03-3113674390core:AfterOneYear2023-03-3113674390core:WithinOneYear2023-03-3113674390core:ListedExchangeTraded2023-03-3113674390core:UnlistedNon-exchangeTraded2023-03-3113674390core:ShareCapital2023-03-3113674390core:SharePremium2023-03-3113674390core:RevaluationReserve2023-03-3113674390core:OtherReservesSubtotal2023-03-3113674390core:RetainedEarningsAccumulatedLosses2023-03-3113674390core:NetGoodwill2022-04-0113674390core:IntangibleAssetsOtherThanGoodwill2022-04-0113674390core:LandBuildings2022-04-0113674390core:PlantMachinery2022-04-0113674390core:Vehicles2022-04-0113674390core:FurnitureFittings2022-04-0113674390core:OfficeEquipment2022-04-0113674390core:AfterOneYear2022-04-0113674390core:WithinOneYear2022-04-0113674390core:ListedExchangeTraded2022-04-0113674390core:UnlistedNon-exchangeTraded2022-04-0113674390core:ShareCapital2022-04-0113674390core:SharePremium2022-04-0113674390core:RevaluationReserve2022-04-0113674390core:OtherReservesSubtotal2022-04-0113674390core:RetainedEarningsAccumulatedLosses2022-04-0113674390core:AfterOneYear2023-04-012024-03-3113674390core:WithinOneYear2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3113674390core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3113674390core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3113674390core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3113674390core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3113674390core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3113674390core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3113674390core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3113674390core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3113674390core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3113674390core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3113674390core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3113674390core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3113674390core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3113674390core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3113674390core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3113674390core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3113674390core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3113674390core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3113674390bus:Director12023-04-012024-03-31

Southsea Building & Renovation Ltd

Registered Number
13674390
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Southsea Building & Renovation Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Spencer Croucher

Registered Address

1 Berney Road
Southsea
PO4 8HG

Registered Number

13674390 (England and Wales)
Southsea Building & Renovation Ltd
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets45,9377,916
5,9377,916
Current assets
Debtors(1,393)13,264
Cash at bank and on hand5165,136
(877)18,400
Creditors amounts falling due within one year(22,185)(16,436)
Net current assets (liabilities)(23,062)1,964
Total assets less current liabilities(17,125)9,880
Creditors amounts falling due after one year(969)(9,313)
Net assets(18,094)567
Capital and reserves
Called up share capital1(1)
Profit and loss account(18,095)568
Shareholders' funds(18,094)567
The financial statements were approved and authorised for issue by the Director on 19 February 2025, and are signed on its behalf by:
Spencer Croucher
Director
Registered Company No. 13674390
Southsea Building & Renovation Ltd
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles25
2.Average number of employees

20242023
Average number of employees during the year11
3.Prior period adjustment
Due to an administrative error turnover totalling £667, cost of sales totalling £3,630 and other charges of £17 were understated in the previous years account. The dividends for the period were overstated by £9,943 and as a result, the current assets were overstated in the 2023 accounts by £10,809 and the current liabilities were understated by £1,885. The impact of the restatement to the comparative 2023 Profit and Loss Account generated in a reduction of profits for the year of £2,980 a reduction of taxation by £566.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2310,554
At 31 March 2410,554
Depreciation and impairment
At 01 April 232,639
Charge for year1,978
At 31 March 244,617
Net book value
At 31 March 245,937
At 31 March 237,916
5.Directors advances, credits and guarantees
The director maintains an interest free loan with the company. The balance owed to the director as at 31 March 2024 was £3,343 (2023: £9,943 owed to the company).