IRIS Accounts Production v25.2.0.378 14547661 Board of Directors Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh145476612024-03-31145476612025-03-31145476612024-04-012025-03-31145476612022-12-18145476612022-12-192024-03-31145476612024-03-3114547661ns15:EnglandWales2024-04-012025-03-3114547661ns14:PoundSterling2024-04-012025-03-3114547661ns10:Director12024-04-012025-03-3114547661ns10:Director22024-04-012025-03-3114547661ns10:Director32024-04-012025-03-3114547661ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3114547661ns10:SmallEntities2024-04-012025-03-3114547661ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3114547661ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3114547661ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3114547661ns10:FullAccounts2024-04-012025-03-3114547661ns10:Director42024-04-012025-03-3114547661ns10:RegisteredOffice2024-04-012025-03-3114547661ns5:CurrentFinancialInstruments2025-03-3114547661ns5:CurrentFinancialInstruments2024-03-3114547661ns5:ShareCapital2025-03-3114547661ns5:ShareCapital2024-03-3114547661ns5:FurtherSpecificReserve3ComponentTotalEquity2025-03-3114547661ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3114547661ns5:RetainedEarningsAccumulatedLosses2025-03-3114547661ns5:RetainedEarningsAccumulatedLosses2024-03-3114547661ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3114547661ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3114547661ns5:CurrentFinancialInstruments2024-04-012025-03-3114547661ns5:DeferredTaxation2024-03-3114547661ns5:DeferredTaxation2024-04-012025-03-3114547661ns5:DeferredTaxation2025-03-3114547661ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-31
REGISTERED NUMBER: 14547661 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOUTHBOROUGHLR96 LIMITED

SOUTHBOROUGHLR96 LIMITED (REGISTERED NUMBER: 14547661)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOUTHBOROUGHLR96 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: V Novak
M Svoboda
D Svoboda
P Vecerka





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
BN21 4RU





REGISTERED NUMBER: 14547661 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

SOUTHBOROUGHLR96 LIMITED (REGISTERED NUMBER: 14547661)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 730,000 700,000

CURRENT ASSETS
Debtors 5 8,600 11,872
Cash at bank 33,993 35,832
42,593 47,704
CREDITORS
Amounts falling due within one year 6 737,305 742,581
NET CURRENT LIABILITIES (694,712 ) (694,877 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,288

5,123

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 (20,261 ) (21,541 )
Retained earnings 55,449 26,564
35,288 5,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:




P Vecerka - Director M Svoboda - Director




V Novak - Director


SOUTHBOROUGHLR96 LIMITED (REGISTERED NUMBER: 14547661)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Southboroughlr96 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the company directors.

Turnover
Turnover represents gross rental income and is recognised on the accruals basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

SOUTHBOROUGHLR96 LIMITED (REGISTERED NUMBER: 14547661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 700,000
Additions 28,294
Revaluations 1,706
At 31 March 2025 730,000
NET BOOK VALUE
At 31 March 2025 730,000
At 31 March 2024 700,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2024 (28,721 )
Valuation in 2025 1,706
Cost 757,015
730,000

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 757,015 728,721

Investment property was valued on an open market basis on 31 March 2025 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Deferred tax asset
Investment property fair value 6,754 7,180
Prepayments 1,846 4,692
8,600 11,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 710
Tax 5,670 6,231
Other creditors 172,100 172,100
Directors' current accounts 556,521 556,521
Accrued expenses 3,014 7,019
737,305 742,581

Creditors include loans of £556,521 (2024 : £556,521) from two of the directors. The loans are unsecured, repayable on demand and interest-free.

As disclosed in note 9 creditors also include a loan of £172,100 (2024 : £172,100) from a company controlled by one of the directors. The loan is unsecured, repayable on demand and interest-free.

SOUTHBOROUGHLR96 LIMITED (REGISTERED NUMBER: 14547661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. DEFERRED TAX
£   
Balance at 1 April 2024 (7,180 )
Provided during year 426
Balance at 31 March 2025 (6,754 )

8. RESERVES
Fair
value
reserve
£   
At 1 April 2024 (21,541 )
Reserve transfer 1,280

At 31 March 2025 (20,261 )

9. RELATED PARTY DISCLOSURES

During the year the company received loans of £556,521 (2024 : £556,521) from two of the directors. The loans are unsecured, repayable on demand and interest-free.

During the year the company received a loan of £172,100 (2024 : £172,100) from a company controlled by one of the directors (see note 6). The loan is repayable on demand and interest-free.