Company Registration No. 04925180 (England and Wales)
Southpark Developments Limited
Unaudited accounts
for the year ended 31 October 2024
Southpark Developments Limited
Unaudited accounts
Contents
Southpark Developments Limited
Company Information
for the year ended 31 October 2024
Directors
D Johnson
J D Womby
Company Number
04925180 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Southpark Developments Limited
Statement of financial position
as at 31 October 2024
Tangible assets
96,922
108,772
Inventories
560,175
188,833
Debtors
2,613,053
2,074,210
Creditors: amounts falling due within one year
(4,128,535)
(3,147,658)
Net current liabilities
(955,307)
(884,615)
Total assets less current liabilities
(858,383)
(775,841)
Creditors: amounts falling due after more than one year
(7,033)
(17,365)
Provisions for liabilities
Deferred tax
(1,353)
(2,707)
Net liabilities
(866,769)
(795,913)
Called up share capital
2,000
2,000
Profit and loss account
(868,769)
(797,913)
Shareholders' funds
(866,769)
(795,913)
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 directors acknowledge their 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 of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by
J D Womby
Director
Company Registration No. 04925180
Southpark Developments Limited
Notes to the Accounts
for the year ended 31 October 2024
Southpark Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04925180. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% per on a reducing balance basis
Plant & machinery
25% per annum on cost
Fixtures & fittings
25% per annum on cost
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
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.
Southpark Developments Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
192,988
61,700
4,653
259,341
At 31 October 2024
192,988
61,700
4,653
259,341
At 1 November 2023
98,463
47,453
4,653
150,569
Charge for the year
4,726
7,124
-
11,850
At 31 October 2024
103,189
54,577
4,653
162,419
At 31 October 2024
89,799
7,123
-
96,922
At 31 October 2023
94,525
14,247
-
108,772
5
Investments
Subsidiary undertakings
Valuation at 1 November 2023
2
Valuation at 31 October 2024
2
The company owns 2 ordinary shares of £1 each in HCA No 6 Limited, a company registered in England and Wales (company number 05456844)
This investment represents 100% of the issued share capital in HCA No 6 Limited
HCA No 6 Limited was dormant throughout the year and had capital and reserves at the year end of £(2,921) - 2023 £(2,921)
Amounts falling due within one year
Amounts due from group undertakings etc.
1,753,959
1,240,734
Accrued income and prepayments
830,000
820,000
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
33,517
18,265
Trade creditors
169,515
104,826
Amounts owed to group undertakings and other participating interests
142,950
458,131
Taxes and social security
9,472
133
Other creditors
1,389,030
1,312,255
Loans from directors
2,384,051
1,254,048
Southpark Developments Limited
Notes to the Accounts
for the year ended 31 October 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
550 A Ordinary Shares of £1 each
550
550
450 B Ordinary Shares of £1 each
450
450
Southpark Developments Limited
Notes to the Accounts
for the year ended 31 October 2024
10
Transactions with related parties
HCA No 6 Limited is a wholly owned subsidiary company of Southpark Developments Limited.
At the balance sheet date HCA No 6 Limited owed Southpark Developments Limited £2,919 (2023 £2,919), the loan is subject to interest at a commercial rate and repayable upon demand.
Mr J D Womby is a director and shareholder in both Southpark Developments Limited and Withyfold Trading Estate Limited.
At the balance sheet date Withfold Trading Estate Limited owed Southpark Developments Limited £902,245 (2023 £982,549), the loan is subject to interest at a commercial rate and repayable upon demand.
Mr J D Womby is a director in both Southpark Developments Limited and Sandpiper Quay Limited.
At the balance sheet date Sandpiper Quay Limited owed Southpark Developments Limited Limited £243,225 (2023 £255,266), the loan is subject to interest at a commercial rate and repayable upon demand.
Mr J D Womby is a director and shareholder in both Southpark Developments Limited and JWT Limited.
At the balance sheet date JWT Limited owed Southpark Developments Limited £128,096 (2023 (£134,331)), the loan is subject to interest at a commercial rate and repayable upon demand.
Mr J D Womby is a director and shareholder in both Southpark Developments Limited and Southpark Properties (Macclesfileld) Limited.
At the balance sheet date Southpark Developments Limited owed Southpark Properties (Macclesfield) Limited £142,950 (2023 £166,274), the loan is subject to interest at a commercial rate and repayable upon demand.
Mr J D Womby is a director and shareholder in both Southpark Developments Limited and The Pumping Station (Tansor) Limited.
During the year Southpark Developments Limited charged The Puming Station (Tansor) Limited construction costs of £470,000 (2023 £820,000).
At the balance sheet date The Pumping Station (Tansor) Limited owed Southpark Developments Limited £477,475 (2023 (£157,525)), the loan is subject to interest at a commercial rate and repayable upon demand.
Southpark Developments Pension Fund is the pension funded associated with Southpark Developments Limited.
At the balance sheet date Southpark Developments Limited owed Southpark Pension Fund £57,418 (2023 £Nil), the loan is subject to interest at a commercial rate and repayable upon demand.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).