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SOUTHSEAS PROPERTY INVESTMENT LIMITED
REGISTERED NUMBER: 09288874
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
Notes
Southseas Property Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 09288874. The registered office is Unit 6, Wheatley Business Centre, Old London Road Wheatley Oxford, OX33 1XW.
Average number of employees
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
Guarantees and other financial commitments
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Borrowings amounting to £198,000 by London VU Developments Ltd, a 60% owned subsidiary of the company, are secured by fixed charges over the company’s shares held in London VU Developments Ltd, and registered in favour of Jordan International Bank Plc on 19 January 2022.
Director's confirmations
The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The Director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 July 2025.
The notes on page 2 form part of these financial statements.
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