Company Registration No. 07122103 (England and Wales)
Southpark Properties (Macclesfield) Limited
Unaudited accounts
for the year ended 31 October 2024
Southpark Properties (Macclesfield) Limited
Unaudited accounts
Contents
Southpark Properties (Macclesfield) Limited
Company Information
for the year ended 31 October 2024
Company Number
07122103 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK6 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Southpark Properties (Macclesfield) Limited
Statement of financial position
as at 31 October 2024
Investment property
800,000
800,000
Cash at bank and in hand
-
1
Creditors: amounts falling due within one year
(23,735)
(17,549)
Net current assets
120,140
149,651
Total assets less current liabilities
920,140
949,651
Creditors: amounts falling due after more than one year
(538,415)
(548,748)
Provisions for liabilities
Deferred tax
(118,969)
(90,416)
Net assets
262,756
310,487
Called up share capital
1
1
Profit and loss account
262,755
310,486
Shareholders' funds
262,756
310,487
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2025 and were signed on its behalf by
J D Womby
Director
Company Registration No. 07122103
Southpark Properties (Macclesfield) Limited
Notes to the Accounts
for the year ended 31 October 2024
Southpark Properties (Macclesfield) Limited is a private company, limited by shares, registered in England and Wales, registration number 07122103. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK6 2DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Fair value at 1 November 2023
800,000
At 31 October 2024
800,000
The investment property relates to Unit D, Oak Green Business Park, Handforth, Cheadle Hulme SK8 6QL
Southpark Properties (Macclesfield) Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
142,950
166,274
Accrued income and prepayments
925
925
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,332
10,077
Loans from directors
7,472
7,472
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
538,415
548,748
The bank loan is secured by a fixed and floating charge over the assets of the company
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
Mr J D Womby is a director and shareholder in both Southpark Developments Limited and Southpark Properties (Macclesfield) Limited.
At the balance sheet date there was a loan to Southpark Developments Limited from Southpark Properties (Macclesfield) Limited of £142,950 ( 2023 £166,274 ) which is subject to interest at a commercial rate and is repayable upon demand.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).