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Southwood Property Development Ltd
Registered Number:12797236
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
Southwood Property Development Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12797236
As at 31 August 2024
Southwood Property Development Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
825,000
756,000
Investment property
825,000
756,000
Current assets
4,415
Cash and cash equivalents
10,800
10,800
4,415
Trade and other payables: amounts falling due within one
year
(41,525)
(46,430)
3
(37,110)
(35,630)
Net current liabilities
Total assets less current liabilities
789,370
718,890
Trade and other payables: amounts falling due after more
than one year
(566,777)
(571,558)
4
217,812
Net assets
152,113
Capital and reserves
Called up share capital
100
100
Revaluation reserve
206,055
137,055
5
Retained earnings
11,657
14,958
217,812
152,113
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Perry Stephen Sando Director
These financial statements were approved and authorised for issue by the Board on 11 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2024
Southwood Property Development Ltd
Notes to the Financial Statements
Statutory Information
Southwood Property Development Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 12797236.
Registered address:
29 Stewart Place
Station Road
Ware
Hertfordshire
SG12 9UN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Investment property
Total
£
Fair value
At 01 September 2023
756,000
Fair value adjustments
69,000
At 31 August 2024
825,000
Net book value
At 31 August 2024
825,000
At 31 August 2023
756,000
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
-
1
Taxation and social security
-
1,298
Other creditors
46,430
40,226
46,430
41,525
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5
For the year ended 31 August 2024
Southwood Property Development Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
461,335
461,335
Other creditors
110,223
105,442
571,558
566,777
5. Reserves
Total
£
Revaluation reserve at 01 September 2023
137,055
Revaluation of fixed assets
69,000
206,055
Revaluation reserve at 31 August 2024
6. Average number of persons employed
During the year the average number of employees was 0
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