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REGISTERED NUMBER: 08486413 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Southdowns Manor Limited

Southdowns Manor Limited (Registered number: 08486413)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


Southdowns Manor Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M R Hurst
J P S Hurst





SECRETARY: G Hill





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 08486413 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Southdowns Manor Limited (Registered number: 08486413)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of hosting exclusive use wedding ceremonies and receptions.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

M R Hurst
J P S Hurst

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.

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 R Hurst - Director


19 May 2025

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Southdowns Manor 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 Southdowns Manor Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet 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 Southdowns Manor 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 Southdowns Manor Limited and state those matters that we have agreed to state to the Board of Directors of Southdowns Manor 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 Southdowns Manor Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Southdowns Manor 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 profit of Southdowns Manor Limited. You consider that Southdowns Manor 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 Southdowns Manor 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.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


19 May 2025

Southdowns Manor Limited (Registered number: 08486413)

Income Statement
for the Year Ended 30 September 2024

30/9/24 30/9/23
Notes £    £   

TURNOVER 2,175,662 2,194,466

Cost of sales (895,784 ) (880,123 )
GROSS PROFIT 1,279,878 1,314,343

Administrative expenses (1,019,709 ) (974,451 )
OPERATING PROFIT 4 260,169 339,892

Interest receivable and similar income 23,926 3,189
284,095 343,081

Interest payable and similar expenses (23,678 ) (20,207 )
PROFIT BEFORE TAXATION 260,417 322,874

Tax on profit (65,815 ) (73,073 )
PROFIT FOR THE FINANCIAL YEAR 194,602 249,801

Southdowns Manor Limited (Registered number: 08486413)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 6 1,929,163 1,938,761

CURRENT ASSETS
Stocks 37,351 29,512
Debtors 7 28,929 58,366
Prepayments and accrued income 21,587 34,879
Cash at bank and in hand 827,777 768,865
915,644 891,622
CREDITORS
Amounts falling due within one year 8 2,029,892 2,218,598
NET CURRENT LIABILITIES (1,114,248 ) (1,326,976 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,915

611,785

CREDITORS
Amounts falling due after more than one year 9 (324,074 ) (316,499 )

PROVISIONS FOR LIABILITIES (16,222 ) (15,269 )
NET ASSETS 474,619 280,017

CAPITAL AND RESERVES
Called up share capital 250,002 250,002
Revaluation reserve 11 30,230 30,230
Retained earnings 194,387 (215 )
474,619 280,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Southdowns Manor Limited (Registered number: 08486413)

Balance Sheet - continued
30 September 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 19 May 2025 and were signed on its behalf by:





M R Hurst - Director


Southdowns Manor Limited (Registered number: 08486413)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Southdowns Manor 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.

Turnover
Turnover represents the fair value of services rendered under contract to the extent that there is a right to consideration and is recorded at the value of the consideration due, net of trade discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the amount of turnover can be measured reliably and conditions as stated in the contracts are satisfied. Where payments are received from customers in advance of service provided, the amounts are recorded as deferred income and included as part of creditors.

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 - 20% on cost and 10% on cost

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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Southdowns Manor Limited (Registered number: 08486413)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 29 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30/9/24 30/9/23
£    £   
Depreciation - owned assets 41,405 40,166

5. DIVIDENDS

A final dividend of £nil was voted for the year ended 30/9/2024 (2023: £370,000).

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 1,674,309 611,448 2,285,757
Additions - 31,807 31,807
At 30 September 2024 1,674,309 643,255 2,317,564
DEPRECIATION
At 1 October 2023 - 346,996 346,996
Charge for year - 41,405 41,405
At 30 September 2024 - 388,401 388,401
NET BOOK VALUE
At 30 September 2024 1,674,309 254,854 1,929,163
At 30 September 2023 1,674,309 264,452 1,938,761

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 28,929 57,966
Other debtors - 400
28,929 58,366

Southdowns Manor Limited (Registered number: 08486413)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 55,249 59,359
Trade creditors 102,755 115,777
Tax 64,127 70,692
Social security and other taxes 17,461 20,948
VAT 47,654 47,095
Wages control account - 7,258
Other creditors 22,101 17,218
Directors' current accounts 971,342 1,059,176
Accruals and deferred income 749,203 821,075
2,029,892 2,218,598

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans - 1-2 years 55,249 59,359
Bank loans - 2-5 years 165,747 178,076
Accruals and deferred income 103,078 79,064
324,074 316,499

10. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Bank loans 276,245 296,794

Santander PLC hold a fixed charge on the property owned by the company and a floating charge over the other assets. Both charges being created on 27/7/23.

11. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 30,230

12. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £971,342 (2023: £1,059,176) was owed to the directors. No charge is attached to this balance.

In the previous year, dividend of £185,000 was paid to one of the directors, Michael Hurst. No dividend was paid to the directors this year.

Southdowns Manor Limited (Registered number: 08486413)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

13. ULTIMATE CONTROLLING PARTY

The controlling parties are the two directors and the other shareholder Linda Hurst, by virtue of the fact that between them they own 100% of the company's issued share capital.