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Registered number: 12661102
Southerly Property Investments Ltd
ACCOUNTS
FOR THE YEAR ENDED 29/06/2024
Prepared By:
Lindrick Accountancy Services Ltd
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
Southerly Property Investments Ltd
ACCOUNTS
FOR THE YEAR ENDED 29/06/2024
DIRECTORS
Timothy Goddard
Allana Goddard
REGISTERED OFFICE
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12661102
ACCOUNTANTS
Lindrick Accountancy Services Ltd
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
Southerly Property Investments Ltd
ACCOUNTS
FOR THEYEARENDED29/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Southerly Property Investments Ltd
BALANCE SHEET AT 29/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3659,999371,743
CURRENT ASSETS
Cash at bank and in hand8342,690
8342,690
CREDITORS: Amounts falling due within one year5318318
NET CURRENT ASSETS5162,372
TOTAL ASSETS LESS CURRENT LIABILITIES660,515374,115
CREDITORS: Amounts falling due after more than one year6574,492372,693
NET ASSETS86,0231,422
CAPITAL AND RESERVES
Called up share capital7100100
Revaluation reserve1c,899,940-
Profit and loss account(14,017)1,322
SHAREHOLDERS' FUNDS86,0231,422
For the year ending 29/06/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/03/2025 and signed on their behalf by
.............................
Timothy Goddard
Director
Southerly Property Investments Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 29/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 8).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20242023
No.No.
Average number of employees11
Southerly Property Investments Ltd
3. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
At 30/06/2023371,743371,743
Additions188,316188,316
Revaluation99,94099,940
At 29/06/2024659,999659,999
Depreciation
At 29/06/2024--
Net Book Amounts
At 29/06/2024659,999659,999
At 29/06/2023371,743371,743
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 30/06/2023371,743371,743
Additions188,316188,316
Revaluation99,94099,940
At 29/06/2024659,999659,999
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Taxation and social security318318
318318
Southerly Property Investments Ltd
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans and overdrafts362,369254,513
Other creditors212,123118,180
574,492372,693
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
New shares issued during period:
100 Ordinary shares of £1 each100100
8. REVALUATION RESERVE 20242023
££
Revaluation reserve99,940-
99,940-