Registered number
01720963
Southglobe Ltd
Filleted Accounts
31 May 2025
Southglobe Ltd
Registered number: 01720963
Balance Sheet
as at 31 May 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 - -
Current assets
Investments held as current assets 4 31,641 35,391
Cash at bank and in hand 618 780
32,259 36,171
Creditors: amounts falling due within one year 5 (38,832) (34,326)
Net current (liabilities)/assets (6,573) 1,845
Net (liabilities)/assets (6,573) 1,845
Capital and reserves
Called up share capital 100 100
Profit and loss account (6,673) 1,745
Shareholders' funds (6,573) 1,845
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kelvin Toms
Director
Approved by the board on 14 August 2025
Southglobe Ltd
Notes to the Accounts
for the year ended 31 May 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2024 2,767
At 31 May 2025 2,767
Depreciation
At 1 June 2024 2,767
Charge for the year -
At 31 May 2025 2,767
Net book value
At 31 May 2025 -
At 31 May 2024 -
4 Investments held as current assets 2025 2024
£ £
Fair value
Listed investments 31,641 35,391
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 38,832 34,326
6 Other information
Southglobe Ltd is a private company limited by shares and incorporated in England. Its registered office is:
30 Uxbridge Road
Rickmansworth
Herts
WD3 7AP
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