Registered number: 12661102 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Cash at bank and in hand | ||||||||||
834 | 2,690 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 2,372 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 574,492 | 372,693 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Revaluation reserve | 1c,8 | 99,940 | - | |||||||
Profit and loss account | (14,017) | 1,322 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
Southerly Property Investments Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||
Land And | ||||
Buildings | Total | |||
£ | £ | |||
Cost | ||||
At 30/06/2023 | 371,743 | 371,743 | ||
Additions | 188,316 | 188,316 | ||
Revaluation | 99,940 | 99,940 | ||
At 29/06/2024 | 659,999 | 659,999 | ||
Depreciation | ||||
At 29/06/2024 | - | - | ||
Net Book Amounts | ||||
At 29/06/2024 | 659,999 | 659,999 | ||
At 29/06/2023 | 371,743 | 371,743 | ||
4. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 30/06/2023 | 371,743 | 371,743 | ||
Additions | 188,316 | 188,316 | ||
Revaluation | 99,940 | 99,940 | ||
At 29/06/2024 | 659,999 | 659,999 | ||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Taxation and social security | 318 | 318 | ||||||
318 | 318 | |||||||
Southerly Property Investments Ltd | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 362,369 | 254,513 | ||||||
Other creditors | 212,123 | 118,180 | ||||||
574,492 | 372,693 | |||||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
New shares issued during period: | ||||||||
100 | 100 | 100 | ||||||
8. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Revaluation reserve | 99,940 | - | ||||||
99,940 | - | |||||||