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REGISTERED NUMBER: 00567878 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Southams of Haworth Limited

Southams of Haworth Limited (Registered number: 00567878)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Southams of Haworth Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D Southam
Mrs M Hall





SECRETARY: Mrs M Hall





REGISTERED OFFICE: Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS





REGISTERED NUMBER: 00567878 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Southams of Haworth Limited (Registered number: 00567878)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 5 269,219 277,115
Investment property 6 429,240 549,240
698,459 826,355

CURRENT ASSETS
Stocks 110,464 108,330
Debtors 7 745 1,415
Cash at bank and in hand 43,146 68,661
154,355 178,406
CREDITORS
Amounts falling due within one year 8 (64,425 ) (85,701 )
NET CURRENT ASSETS 89,930 92,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

788,389

919,060

CREDITORS
Amounts falling due after more than one
year

9

(388,629

)

(495,719

)

PROVISIONS FOR LIABILITIES (18,297 ) (20,257 )
NET ASSETS 381,463 403,084

CAPITAL AND RESERVES
Called up share capital 11 2,540 2,540
Retained earnings 378,923 400,544
SHAREHOLDERS' FUNDS 381,463 403,084

Southams of Haworth Limited (Registered number: 00567878)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:




Mrs M Hall - Director



D Southam - Director


Southams of Haworth Limited (Registered number: 00567878)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Southams of Haworth 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery10% Reducing balance
Fixtures and fittings10% Reducing balance
Motor vans25% Reducing balance
Computer Equipment33.3% Straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Southams of Haworth Limited (Registered number: 00567878)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Southams of Haworth Limited (Registered number: 00567878)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 19 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024
and 31 March 2025 218,796 114,526 200,903
DEPRECIATION
At 1 April 2024 - 107,707 162,752
Charge for year - 682 3,815
At 31 March 2025 - 108,389 166,567
NET BOOK VALUE
At 31 March 2025 218,796 6,137 34,336
At 31 March 2024 218,796 6,819 38,151

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 30,992 24,092 589,309
DEPRECIATION
At 1 April 2024 17,917 23,818 312,194
Charge for year 3,269 130 7,896
At 31 March 2025 21,186 23,948 320,090
NET BOOK VALUE
At 31 March 2025 9,806 144 269,219
At 31 March 2024 13,075 274 277,115

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 549,240
Disposals (120,000 )
At 31 March 2025 429,240
NET BOOK VALUE
At 31 March 2025 429,240
At 31 March 2024 549,240

Southams of Haworth Limited (Registered number: 00567878)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. INVESTMENT PROPERTY - continued

Included in fair value of investment property is freehold land of £ 429,240 (2024 - £ 549,240 ) which is not depreciated.

The directors confirm that the valuation of £429,240 is the fair value of the investment property as at 31st March 25.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Prepayments 745 1,415

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 7,445 7,620
Hire purchase contracts - 6,414
Trade creditors 25,113 15,944
Tax 9,410 19,913
Social security and other taxes 1,938 1,370
Pension control 31 61
Wages control 2,859 3,320
VAT 4,692 1,563
Other creditors 1,500 3,000
Directors' current accounts 8,267 23,621
Accrued expenses 3,170 2,875
64,425 85,701

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 5,799 5,799
Mortgages 244,690 347,064
Bank loans - 2-5 years 20,533 20,533
Bank loans more 5 yr by instal 117,607 122,323
388,629 495,719

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 117,607 122,323

Southams of Haworth Limited (Registered number: 00567878)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 396,074 503,339
Hire Purchase - 6,414
396,074 509,753

The loans are secured by way of a fixed charge on the properties acquired and the gross rents licence fees plus a floating charge over the company's other properties and assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
2,500 Ordinary £1 2,500 2,500
40 Ordinary A £1 40 40
2,540 2,540

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Southams of Haworth Limited (Registered number: 00567878)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Southams of Haworth Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Southams of Haworth Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Southams of Haworth Limited and state those matters that we have agreed to state to the Board of Directors of Southams of Haworth Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southams of Haworth Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Southams of Haworth Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Southams of Haworth Limited. You consider that Southams of Haworth Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Southams of Haworth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


31 July 2025