| Southernhay Holdings Ltd formerly Devon Bathroom Centre Limited |
| Registered Number:12821207 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2024
Southernhay Holdings Ltd formerly Devon Bathroom Centre Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Southernhay Holdings Ltd formerly Devon Bathroom Centre Limited
Statement of Financial Position
2023
2024
688,283
688,283
2
688,283
688,283
| Trade and other receivables |
28,993
12,000
3
4,256
| Cash and cash equivalents |
1,592
13,592
33,249
| Trade and other payables: amounts falling due within one |
| year |
(63,546)
(53,639)
4
(30,297)
(40,047)
Net current liabilities
| Total assets less current liabilities |
648,236
657,986
| Trade and other payables: amounts falling due after more |
| than one year |
(651,156)
(641,156)
5
7,080
Net assets
6,830
1,000
1,000
6,080
5,830
7,080
6,830
Shareholders' funds
| For the year ended 30 September 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 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 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. |
| These financial statements were approved and authorised for issue by the Board on 16 June 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 September 2024
Southernhay Holdings Ltd formerly Devon Bathroom Centre Limited
Notes to the Financial Statements
Statutory Information
| Southernhay Holdings Ltd formerly Devon Bathroom Centre Limited is a private limited company, limited by shares, |
| domiciled in England and Wales, registration number 12821207. |
25 Southernhay East
Exeter
Devon
EX1 1QP
| The presentation currency is £ sterling. |
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. |
Significant judgements and estimates
| The preparation of the financial statements requires managment to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on the despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
Pension costs and other post-retirement benefits
| Contributions to defined pension contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The underwriting of the discount is recognised in finanace costs in profit or loss in the period to which it arises. |
Consolidation
| The company and its subsidiary comprise a small group. The company has therefore taken advantage of the |
| exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts. |
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For the year ended 30 September 2024
Southernhay Holdings Ltd formerly Devon Bathroom Centre Limited
Notes to the Financial Statements Continued
| 2. Investments held as fixed assets |
688,283
688,283
688,283
688,283
688,283
688,283
688,283
688,283
| The subsidiary company, Devon Bathrooms Ltd formerly The Blue Tile Company Limited, is 100% owned. It is a |
| trading company dealing in the importation and distribution of ceramic tiles, and the supply of bathroom equipment. |
| 3. Trade and other receivables |
2023
2024
12,000
28,993
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
| Taxation and social security |
10,752
5,036
42,887
58,510
53,639
63,546
Included within taxation and social security is corporation tax of £8,370 (2023: £2,644).
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
641,156
651,156
The creditors of £641,156 are interest free and are not repayable until after 5 years.
| 6. Related party transactions |
| Dividends of £41,040 were paid to the shareholders in the year. |
| The company is under the effective control of its directors. |
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For the year ended 30 September 2024
Southernhay Holdings Ltd formerly Devon Bathroom Centre Limited
Notes to the Financial Statements Continued
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
4 of 4