REGISTERED NUMBER: 10060075 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOUTH ISLAND ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N G Callaghan

REGISTERED OFFICE:

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

REGISTERED NUMBER:

10060075 (England and Wales)

ACCOUNTANTS:

Mackenzies, a Xeinadin company

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

4,330

4,474

CURRENT ASSETS

Cash at bank and in hand

2,694

7,534

CREDITORS

Amounts falling due within one year

5

6,373

11,774

NET CURRENT LIABILITIES

(3,679

)

(4,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

651

234

CAPITAL AND RESERVES

Called up share capital

6

200

200

Retained earnings

451

34

SHAREHOLDERS' FUNDS

651

234

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 director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

Mr N G Callaghan - Director

1.	STATUTORY INFORMATION

South Island Estates 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.

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.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

526

11,036

11,562

Additions

-

1,149

1,149

Disposals

-

(4,744

)

(4,744

)

At 31 March 2025

526

7,441

7,967

DEPRECIATION

At 1 April 2024

227

6,861

7,088

Charge for year

30

759

789

Eliminated on disposal

-

(4,240

)

(4,240

)

At 31 March 2025

257

3,380

3,637

NET BOOK VALUE

At 31 March 2025

269

4,061

4,330

At 31 March 2024

299

4,175

4,474

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

1,774

5,000

VAT

2,138

5,227

Directors' current accounts

2,168

1,253

Accrued expenses

293

294

6,373

11,774

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

90

Ordinary A

£1

90

90

10

Ordinary B

£1

10

10

200

200

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N G Callaghan.