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REGISTERED NUMBER: 14208535 (England and Wales)




















Financial Statements

for the Year Ended 31 August 2024

for

Southern Halt Limited

Southern Halt Limited (Registered number: 14208535)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Southern Halt Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr S Geranio
Mr P Howard



REGISTERED OFFICE: 1 Saxon House
Headway Business Park
Corby
Northamptonshire
NN18 9EZ



REGISTERED NUMBER: 14208535 (England and Wales)



SENIOR STATUTORY AUDITOR: Julian Payne BA FCA



AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Southern Halt Limited (Registered number: 14208535)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 7 7
Tangible assets 5 6,402,053 6,451,817
6,402,060 6,451,824

CURRENT ASSETS
Stocks 862,546 477,885
Debtors 6 160,448 512,587
Cash at bank and in hand 184,047 133,045
1,207,041 1,123,517
CREDITORS
Amounts falling due within one year 7 7,493,799 7,535,518
NET CURRENT LIABILITIES (6,286,758 ) (6,412,001 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,302

39,823

CREDITORS
Amounts falling due after more than one
year

8

(150,000

)

(150,000

)

PROVISIONS FOR LIABILITIES (3,665 ) -
NET LIABILITIES (38,363 ) (110,177 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (38,463 ) (110,277 )
SHAREHOLDERS' FUNDS (38,363 ) (110,177 )

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





Mr P Howard - Director


Southern Halt Limited (Registered number: 14208535)

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

1. STATUTORY INFORMATION

Southern Halt 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - straight line over 50 years and straight line over 20 years
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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).

Southern Halt Limited (Registered number: 14208535)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 7
NET BOOK VALUE
At 31 August 2024 7
At 31 August 2023 7

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 6,565,263 4,134 6,569,397
Additions 59,216 13,152 72,368
At 31 August 2024 6,624,479 17,286 6,641,765
DEPRECIATION
At 1 September 2023 116,999 581 117,580
Charge for year 120,087 2,045 122,132
At 31 August 2024 237,086 2,626 239,712
NET BOOK VALUE
At 31 August 2024 6,387,393 14,660 6,402,053
At 31 August 2023 6,448,264 3,553 6,451,817

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,132 14,633
Amounts owed by group undertakings 99,889 122,304
Other debtors 53,427 375,650
160,448 512,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 94,470 80,441
Amounts owed to group undertakings 6,866,448 6,971,908
Taxation and social security 27,916 -
Other creditors 504,965 483,169
7,493,799 7,535,518

Southern Halt Limited (Registered number: 14208535)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 150,000 150,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,480 -
Between one and five years 7,467 -
11,947 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 September 2023 (110,277 )
Profit for the year 71,814
At 31 August 2024 (38,463 )

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Julian Payne BA FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Southern Halt Limited (Registered number: 14208535)

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

13. RELATED PARTY DISCLOSURES - continued

The following balances were outstanding at the year end with group members not wholly owned:

2024 2023
£    £   
SRG Park Holdings Ltd (227,957 ) (223,817 )
SRG Parks Ltd (6,388,474 ) (6,234,491 )
Cissonius Developments Ltd 256 256
Mill House Park Homes Ltd - 1,706
Aspire Parks Ltd - 7,567



14. ULTIMATE CONTROLLING PARTY

The controlling party is SRG Park Holdings Limited.

The ultimate controlling party is Mr S Geranio.

These financial statements have been consolidated within SRG Park Holdings Limited group accounts.

Registered Office of SRG Park Holdings Limited is

1 Saxon House
Headway Business Park
Corby
Northamptonshire
NN18 9EZ

15. GOING CONCERN

These accounts have been prepared on the going concern basis on the understanding that there is financial support from the group and ultimate shareholders.