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REGISTERED NUMBER: 09963896 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Southview House Limited

Southview House Limited (Registered number: 09963896)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Southview House Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss V A Cox
Mr D M Cox





REGISTERED OFFICE: 19 Queen Elizabeth Street
London
SE1 2LP





REGISTERED NUMBER: 09963896 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Southview House Limited (Registered number: 09963896)

Abridged Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £ £
FIXED ASSETS
Tangible assets 4 7,081 5,228
Investment property 5 16,800,000 16,800,000
16,807,081 16,805,228

CURRENT ASSETS
Debtors 169,923 192,446
Cash at bank and in hand 45,521 87,472
215,444 279,918
CREDITORS
Amounts falling due within one year (19,911 ) (18,458 )
NET CURRENT ASSETS 195,533 261,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,002,614

17,066,688

CREDITORS
Amounts falling due after more than one
year

(16,030,375

)

(16,097,402

)
NET ASSETS 972,239 969,286

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 972,139 969,186
SHAREHOLDERS' FUNDS 972,239 969,286

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.

Southview House Limited (Registered number: 09963896)

Abridged Balance Sheet - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





Miss V A Cox - Director


Southview House Limited (Registered number: 09963896)

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

1. STATUTORY INFORMATION

Southview House 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.

The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Related party exemption
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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of these financial statements requires the directors to note judgements and estimates that affect the reported amount of assets and liabilities at the balance sheet date and the re[ported profits for the financial year.

Estimates and judgements are continually evaluated and are based on a number of factors including historical experience and expectations of future events that are believed to be reasonable under the circumstances..

Valuation of Investment Property - the carrying value of these assets is based on the directors' best estimate of their open market value. In forming their view the directors have had regard to informal, independent professional opinion as well as their own understanding of the current residential property market in that location.

Turnover
Turnover represents rental income receivable.which is accounted for on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture, fixtures and equipment - 25% on reducing balance

Investment property
Investment properties are initially measured at cost. Subsequently investment properties are measured at fair value with revaluation adjustments recognised in the Income statement.

Southview House Limited (Registered number: 09963896)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other creditors and, loans from banks and other third parties.

Debt instruments which are payable or receivable within one year are measured at the undiscounted amount of cash consideration expected to be paid or received.

Debt instruments which are payable or receivable after more than one year are initially measured at the fair value of the cash consideration and thereafter at amortised cost using the effective interest method.

Taxation
Taxation for the period relates to current tax which is recognised in the Income Statement. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

Borrowing costs
Finance costs are charged to the Statement of Income and Retained Earnings as incurred.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 October 2023 11,507
Additions 4,214
At 30 September 2024 15,721
DEPRECIATION
At 1 October 2023 6,279
Charge for year 2,361
At 30 September 2024 8,640
NET BOOK VALUE
At 30 September 2024 7,081
At 30 September 2023 5,228

Southview House Limited (Registered number: 09963896)

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

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2023
and 30 September 2024 16,800,000
NET BOOK VALUE
At 30 September 2024 16,800,000
At 30 September 2023 16,800,000

The long leasehold properties were valued as at 31 March 2020 on a fair value basis by Colliers International Valuation UK LLP.The Directors do not consider that there was a material difference between the fair value of the properties as at 31 March 2020 and 30 September 2024.

6. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£ £
Owed to group undertakings - 16,150,436

The company's borrowings are secured by fixed charges over its investment properties.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £ £
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

Included within Creditors: amounts falling due after more than one year are £8,600,000 and £7,475,436 respectively owed to Hollybrook (UK) Ltd and Hollybrook Finance Ltd. These relate to loans to fund the acquisition of the company's investment properties and include interest charged at commercial rates.

The loans are secured on the company's investment property portfolio.

There exists a cross guarantee for the borrowings of Hollybrook (19 QE Street) Ltd and Hollybrook Finance Ltd. Hollybrook (19 QE Street) Ltd is a fellow wholly owned subsidiary undertaking of Hollybrook Finance Ltd.

Hollybrook Finance Ltd, the company's immediate parent, is a wholly owned subsidiary undertaking of Hollybrook (UK) Ltd incorportaed in England.

Southview House Limited (Registered number: 09963896)

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

9. PARENT COMPANY

The company is a wholly owned subsidiary undertaking of Hollybrook Finance Ltd, incorporated in England.