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REGISTERED NUMBER: 01643873 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Southwood Park Limited

Southwood Park Limited (Registered number: 01643873)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 4

Income Statement 5

Other Comprehensive Income 6

Balance Sheet 7

Statement of Changes in Equity 9

Notes to the Financial Statements 10


Southwood Park Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Yates
D Smith
M Goldesgeyme
B Maugham
M Swenarton
J Hermer





SECRETARY: Rendall & Rittner Limited





REGISTERED OFFICE: c/o Rendall & Rittner limited
13B St George Wharf
London
SW8 2LE





REGISTERED NUMBER: 01643873 (England and Wales)





ACCOUNTANTS: Reed Accounts & Tax Limited
Chartered Accountant
Hallings Hatch
Parkgate Road
Dorking
Surrey
RH5 5DY

Southwood Park Limited (Registered number: 01643873)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the management of the property Southwood Park and the income therefrom.

DIRECTORS
C Yates has held office during the whole of the period from 1 April 2023 to the date of this report.

Other changes in directors holding office are as follows:

S Rose - resigned 9 October 2023
T Ashworth - resigned 9 October 2023
L Lerman - resigned 9 October 2023
D Smith - appointed 8 October 2023

M Goldesgeyme, B Maugham, M Swenarton, J Hermer and S Segall were appointed as directors after 31 March 2024 but prior to the date of this report.

B Maugham, J Hermer, S C Maugham and S Segall ceased to be directors after 31 March 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website.


Southwood Park Limited (Registered number: 01643873)

Report of the Directors
for the Year Ended 31 March 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Goldesgeyme - Director


1 March 2025

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Southwood Park Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Southwood Park Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Southwood Park Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Southwood Park Limited and state those matters that we have agreed to state to the Board of Directors of Southwood Park Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southwood Park Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Southwood Park Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Southwood Park Limited. You consider that Southwood Park Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Southwood Park Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Reed Accounts & Tax Limited
Chartered Accountant
Hallings Hatch
Parkgate Road
Dorking
Surrey
RH5 5DY


14 March 2025

Southwood Park Limited (Registered number: 01643873)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 117,177 115,441

Administrative expenses 175,862 119,614
OPERATING LOSS (58,685 ) (4,173 )

Interest receivable and similar income 1,929 1,229
(56,756 ) (2,944 )

Interest payable and similar expenses - 2,253
LOSS BEFORE TAXATION 4 (56,756 ) (5,197 )

Tax on loss - 2,190
LOSS FOR THE FINANCIAL YEAR (56,756 ) (7,387 )

Southwood Park Limited (Registered number: 01643873)

Other Comprehensive Income
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

LOSS FOR THE YEAR (56,756 ) (7,387 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(56,756

)

(7,387

)

Southwood Park Limited (Registered number: 01643873)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 53,792 80,688
Investment property 6 550,000 550,000
603,792 630,688

CURRENT ASSETS
Debtors 7 27,973 42,777
Cash at bank 119,589 236,801
147,562 279,578
CREDITORS
Amounts falling due within one year 8 5,399 107,555
NET CURRENT ASSETS 142,163 172,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,955

802,711

CAPITAL AND RESERVES
Called up share capital 74 74
Share premium 124,024 124,024
Revaluation reserve 9 477,757 477,757
Retained earnings 144,100 200,856
SHAREHOLDERS' FUNDS 745,955 802,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Southwood Park Limited (Registered number: 01643873)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2025 and were signed on its behalf by:





M Goldesgeyme - Director


Southwood Park Limited (Registered number: 01643873)

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up
share Retained Share Revaluation Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 April 2022 74 208,243 124,024 477,757 810,098

Changes in equity
Total comprehensive income - (7,387 ) - - (7,387 )
Balance at 31 March 2023 74 200,856 124,024 477,757 802,711

Changes in equity
Total comprehensive income - (56,756 ) - - (56,756 )
Balance at 31 March 2024 74 144,100 124,024 477,757 745,955

Southwood Park Limited (Registered number: 01643873)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Southwood Park 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% 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.


Southwood Park Limited (Registered number: 01643873)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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).

4. LOSS BEFORE TAXATION

The loss is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 26,896 26,896

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 684,482
DEPRECIATION
At 1 April 2023 603,794
Charge for year 26,896
At 31 March 2024 630,690
NET BOOK VALUE
At 31 March 2024 53,792
At 31 March 2023 80,688

Southwood Park Limited (Registered number: 01643873)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 550,000
NET BOOK VALUE
At 31 March 2024 550,000
At 31 March 2023 550,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 13,633 9,157
Other debtors 14,340 33,620
27,973 42,777

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 279 20,321
Trade creditors 1 30,842
Other creditors 5,119 56,392
5,399 107,555

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 477,757

10. ULTIMATE CONTROLLING PARTY

The controlling party is no one party.

The ultimate controlling party is no one party.