2024-04-012025-03-312025-03-31false08871948SOUTH STREET CAPITAL (UK) LIMITED2025-07-1568310falseiso4217:GBPxbrli:pure088719482024-03-31088719482025-03-31088719482024-04-012025-03-31088719482023-03-31088719482024-03-31088719482023-04-012024-03-3108871948bus:SmallEntities2024-04-012025-03-3108871948bus:AuditExempt-NoAccountantsReport2024-04-012025-03-3108871948bus:FullAccounts2024-04-012025-03-3108871948bus:PrivateLimitedCompanyLtd2024-04-012025-03-3108871948core:WithinOneYear2025-03-3108871948core:AfterOneYear2025-03-3108871948core:WithinOneYear2024-03-3108871948core:AfterOneYear2024-03-3108871948core:ShareCapital2025-03-3108871948core:SharePremium2025-03-3108871948core:RevaluationReserve2025-03-3108871948core:OtherReservesSubtotal2025-03-3108871948core:RetainedEarningsAccumulatedLosses2025-03-3108871948core:ShareCapital2024-03-3108871948core:SharePremium2024-03-3108871948core:RevaluationReserve2024-03-3108871948core:OtherReservesSubtotal2024-03-3108871948core:RetainedEarningsAccumulatedLosses2024-03-3108871948core:LandBuildings2025-03-3108871948core:PlantMachinery2025-03-3108871948core:Vehicles2025-03-3108871948core:FurnitureFittings2025-03-3108871948core:OfficeEquipment2025-03-3108871948core:NetGoodwill2025-03-3108871948core:IntangibleAssetsOtherThanGoodwill2025-03-3108871948core:ListedExchangeTraded2025-03-3108871948core:UnlistedNon-exchangeTraded2025-03-3108871948core:LandBuildings2024-03-3108871948core:PlantMachinery2024-03-3108871948core:Vehicles2024-03-3108871948core:FurnitureFittings2024-03-3108871948core:OfficeEquipment2024-03-3108871948core:NetGoodwill2024-03-3108871948core:IntangibleAssetsOtherThanGoodwill2024-03-3108871948core:ListedExchangeTraded2024-03-3108871948core:UnlistedNon-exchangeTraded2024-03-3108871948core:LandBuildings2024-04-012025-03-3108871948core:PlantMachinery2024-04-012025-03-3108871948core:Vehicles2024-04-012025-03-3108871948core:FurnitureFittings2024-04-012025-03-3108871948core:OfficeEquipment2024-04-012025-03-3108871948core:NetGoodwill2024-04-012025-03-3108871948core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3108871948core:ListedExchangeTraded2024-04-012025-03-3108871948core:UnlistedNon-exchangeTraded2024-04-012025-03-3108871948core:MoreThanFiveYears2024-04-012025-03-3108871948core:Non-currentFinancialInstruments2025-03-3108871948core:Non-currentFinancialInstruments2024-03-3108871948dpl:CostSales2024-04-012025-03-3108871948dpl:DistributionCosts2024-04-012025-03-3108871948core:LandBuildings2024-04-012025-03-3108871948core:PlantMachinery2024-04-012025-03-3108871948core:Vehicles2024-04-012025-03-3108871948core:FurnitureFittings2024-04-012025-03-3108871948core:OfficeEquipment2024-04-012025-03-3108871948dpl:AdministrativeExpenses2024-04-012025-03-3108871948core:NetGoodwill2024-04-012025-03-3108871948core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3108871948dpl:GroupUndertakings2024-04-012025-03-3108871948dpl:ParticipatingInterests2024-04-012025-03-3108871948dpl:GroupUndertakingscore:ListedExchangeTraded2024-04-012025-03-3108871948core:ListedExchangeTraded2024-04-012025-03-3108871948dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-04-012025-03-3108871948core:UnlistedNon-exchangeTraded2024-04-012025-03-3108871948dpl:CostSales2023-04-012024-03-3108871948dpl:DistributionCosts2023-04-012024-03-3108871948core:LandBuildings2023-04-012024-03-3108871948core:PlantMachinery2023-04-012024-03-3108871948core:Vehicles2023-04-012024-03-3108871948core:FurnitureFittings2023-04-012024-03-3108871948core:OfficeEquipment2023-04-012024-03-3108871948dpl:AdministrativeExpenses2023-04-012024-03-3108871948core:NetGoodwill2023-04-012024-03-3108871948core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108871948dpl:GroupUndertakings2023-04-012024-03-3108871948dpl:ParticipatingInterests2023-04-012024-03-3108871948dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3108871948core:ListedExchangeTraded2023-04-012024-03-3108871948dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3108871948core:UnlistedNon-exchangeTraded2023-04-012024-03-3108871948core:NetGoodwill2025-03-3108871948core:IntangibleAssetsOtherThanGoodwill2025-03-3108871948core:LandBuildings2025-03-3108871948core:PlantMachinery2025-03-3108871948core:Vehicles2025-03-3108871948core:FurnitureFittings2025-03-3108871948core:OfficeEquipment2025-03-3108871948core:AfterOneYear2025-03-3108871948core:WithinOneYear2025-03-3108871948core:ListedExchangeTraded2025-03-3108871948core:UnlistedNon-exchangeTraded2025-03-3108871948core:ShareCapital2025-03-3108871948core:SharePremium2025-03-3108871948core:RevaluationReserve2025-03-3108871948core:OtherReservesSubtotal2025-03-3108871948core:RetainedEarningsAccumulatedLosses2025-03-3108871948core:NetGoodwill2024-03-3108871948core:IntangibleAssetsOtherThanGoodwill2024-03-3108871948core:LandBuildings2024-03-3108871948core:PlantMachinery2024-03-3108871948core:Vehicles2024-03-3108871948core:FurnitureFittings2024-03-3108871948core:OfficeEquipment2024-03-3108871948core:AfterOneYear2024-03-3108871948core:WithinOneYear2024-03-3108871948core:ListedExchangeTraded2024-03-3108871948core:UnlistedNon-exchangeTraded2024-03-3108871948core:ShareCapital2024-03-3108871948core:SharePremium2024-03-3108871948core:RevaluationReserve2024-03-3108871948core:OtherReservesSubtotal2024-03-3108871948core:RetainedEarningsAccumulatedLosses2024-03-3108871948core:NetGoodwill2023-03-3108871948core:IntangibleAssetsOtherThanGoodwill2023-03-3108871948core:LandBuildings2023-03-3108871948core:PlantMachinery2023-03-3108871948core:Vehicles2023-03-3108871948core:FurnitureFittings2023-03-3108871948core:OfficeEquipment2023-03-3108871948core:AfterOneYear2023-03-3108871948core:WithinOneYear2023-03-3108871948core:ListedExchangeTraded2023-03-3108871948core:UnlistedNon-exchangeTraded2023-03-3108871948core:ShareCapital2023-03-3108871948core:SharePremium2023-03-3108871948core:RevaluationReserve2023-03-3108871948core:OtherReservesSubtotal2023-03-3108871948core:RetainedEarningsAccumulatedLosses2023-03-3108871948core:AfterOneYear2024-04-012025-03-3108871948core:WithinOneYear2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:CostValuation2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3108871948core:Non-currentFinancialInstrumentscore:CostValuation2025-03-3108871948core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2025-03-3108871948core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2025-03-3108871948core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2025-03-3108871948core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2025-03-3108871948core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2025-03-3108871948core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2025-03-3108871948core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2025-03-3108871948core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2025-03-3108871948core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3108871948core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3108871948core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3108871948core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3108871948core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3108871948core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3108871948core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3108871948core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3108871948core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3108871948bus:Director12024-04-012025-03-3108871948bus:Director22024-04-012025-03-3108871948bus:Director32024-04-012025-03-3108871948bus:Director42024-04-012025-03-3108871948bus:Director52024-04-012025-03-31

SOUTH STREET CAPITAL (UK) LIMITED

Registered Number
08871948
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

SOUTH STREET CAPITAL (UK) LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

GOLDSPINK, Helen Ann
HARRISON-TOPHAM, James Richard Jarratt
HOLMAN, Keith Alan
THESIGER, Anthony Martin
VAUGHAN, Steven Mark

Registered Address

York House
Thornfield Business Park
Northallerton
DL6 2XQ

Registered Number

08871948 (England and Wales)
SOUTH STREET CAPITAL (UK) LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Investments3130,776
130,776
Current assets
Debtors4458,134331,584
Cash at bank and on hand1,899,667543,970
2,357,801875,554
Creditors amounts falling due within one year5(659,381)(129,056)
Net current assets (liabilities)1,698,420746,498
Total assets less current liabilities1,698,421777,274
Net assets1,698,421777,274
Capital and reserves
Called up share capital100100
Profit and loss account1,698,321777,174
Shareholders' funds1,698,421777,274
The financial statements were approved and authorised for issue by the Board of Directors on 15 July 2025, and are signed on its behalf by:
HARRISON-TOPHAM, James Richard Jarratt
Director
Registered Company No. 08871948
SOUTH STREET CAPITAL (UK) LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Interest income
Interest income is recognised using the effective interest rate method.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20252024
Average number of employees during the year66
3.Fixed asset investments
Fixed asset investments relate to shares held in subsidiaries. At 31 March 2025, South Street Capital (Projects) Ltd was in the process of being dissolved and therefore the £75 investment has been written off to the profit and loss account. The company was dissolved on 15 April 2025. On 3 March 2025, shares in South Street Capital (Holdings) Ltd were disposed for £Nil proceeds therefore the £30,700 investment has been written off to the profit and loss account.

Investments in groups1

Total

££
Cost or valuation
At 01 April 2430,77630,776
Disposals(30,775)(30,775)
At 31 March 2511
Net book value
At 31 March 2511
At 31 March 2430,77630,776

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables1,45030,864
Amounts owed by group undertakings117,06221,847
Other debtors35,280100
Prepayments and accrued income304,342278,773
Total458,134331,584
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables32616,738
Amounts owed to related parties-8,118
Taxation and social security637,31485,400
Accrued liabilities and deferred income21,74118,800
Total659,381129,056
6.Related party transactions
During the year, the company was charged a management fee of £2,913,750 (2024: £877,350) by South Street Capital (Services) Ltd. As at 31 March 2025, the company was owed £117,062 (2024: £21,847) by South Street Capital (Services) Ltd. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
7.Controlling party
There is no ultimate controlling party.