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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
Page
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Southpark Properties (Macclesfield) Limited Company Information for the year ended 31 October 2024
Director
J D Womby
Secretary
J A Wegehaupt
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
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Southpark Properties (Macclesfield) Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
800,000 
800,000 
Current assets
Debtors
143,875 
167,199 
Cash at bank and in hand
- 
1 
143,875 
167,200 
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 
Capital and reserves
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
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Southpark Properties (Macclesfield) Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Pension costs
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.
4
Investment property
2024 
£ 
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
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Southpark Properties (Macclesfield) Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
142,950 
166,274 
Accrued income and prepayments
925 
925 
143,875 
167,199 
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 
Accruals
5,931 
- 
23,735 
17,549 
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
8
Share capital
2024 
2023 
£ 
£ 
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).
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