2023-10-01 12821207 2024-09-30 12821207 2023-10-01 2024-09-30 12821207 2023-09-30 12821207 2022-10-01 2023-09-30 12821207 uk-core:WithinOneYear 2023-09-30 12821207 uk-core:WithinOneYear 2024-09-30 12821207 uk-core:AfterOneYear 2023-09-30 12821207 uk-core:AfterOneYear 2024-09-30 12821207 uk-core:ShareCapital 2024-09-30 12821207 uk-core:ShareCapital 2023-09-30 12821207 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 12821207 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 12821207 uk-bus:Director1 2023-10-01 2024-09-30 12821207 uk-core:CostValuation 2023-09-30 12821207 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-09-30 12821207 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-09-30 12821207 uk-core:CostValuation 2024-09-30 12821207 uk-core:Non-currentFinancialInstruments 2024-09-30 12821207 uk-core:Non-currentFinancialInstruments 2023-09-30 12821207 uk-core:WithinOneYear 2023-10-01 2024-09-30 12821207 uk-core:AfterOneYear 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure 12821207 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12821207 uk-bus:FRS102 2023-10-01 2024-09-30 12821207 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 12821207 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Southernhay Holdings Ltd formerly Devon Bathroom Centre Limited
Registered Number:12821207
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
12821207
As at 30 September 2024
Southernhay Holdings Ltd formerly Devon Bathroom Centre Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Financial assets
688,283
688,283
2
688,283
688,283
Current assets
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
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
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.
R B Thomas Director
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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4
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.
Registered address:
25 Southernhay East
Exeter
Devon
EX1 1QP
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.
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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5
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
Other investments
Total
At 01 October 2023
688,283
688,283
Cost
£
£
At 30 September 2024
688,283
688,283
At 30 September 2024
Net book value
688,283
688,283
At 01 October 2023
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
£
£
Other debtors
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
Other creditors
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
£
£
Other creditors
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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6
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)
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