Registered number
09257838
Southgate Commercial (Porth) Limited
Filleted Accounts
31 October 2024
Southgate Commercial (Porth) Limited
Registered number: 09257838
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 243,090
Current assets
Cash at bank and in hand 122,376 10,122
Creditors: amounts falling due within one year 4 (15,386) (107,814)
Net current assets/(liabilities) 106,990 (97,692)
Total assets less current liabilities 106,990 145,398
Creditors: amounts falling due after more than one year 5 - (77,265)
Net assets 106,990 68,133
Capital and reserves
Called up share capital 100 100
Profit and loss account 106,890 68,033
Shareholders' funds 106,990 68,133
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Southgate
Director
Approved by the board on 17 February 2025
Southgate Commercial (Porth) Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover consists of rental income.
Tangible fixed assets
Freehold buildings have not been depreciated.
Freehold buildings Not depreciated
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2023 243,090
Disposals (243,090)
At 31 October 2024 -
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 -
At 31 October 2023 243,090
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 12,960
Directors' loan 9,999 89,999
Taxation and social security costs 4,687 3,053
Other creditors 700 1,802
15,386 107,814
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 77,265
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years - 21,803
Secured bank loans - 85,788
All bank loans were settled during the financial year.
7 Other information
Southgate Commercial (Porth) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Brynllici, Pennorth
Brecon
LD3 7PQ
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