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Company No: 00527021 (England and Wales)

# SOUTHBOURNE PROPERTY HOLDING COMPANY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

SOUTHBOURNE PROPERTY HOLDING COMPANY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SOUTHBOURNE PROPERTY HOLDING COMPANY LIMITED

## BALANCE SHEET

As at 31 March 2025
SOUTHBOURNE PROPERTY HOLDING COMPANY LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,049,000 |  | 1,049,000
|  | 1,049,000 |  | 1,049,000
Current assets |  |  |  |
Debtors | 4 | 19,310 |  | 12,950
Cash at bank and in hand |  | 2,867 |  | 17,739
|  | 22,177 |  | 30,689
Creditors: amounts falling due within one year | 5 | ( 54,024) |  | ( 60,082)
Net current liabilities |  | (31,847) |  | (29,393)
Total assets less current liabilities |  | 1,017,153 |  | 1,019,607
Creditors: amounts falling due after more than one year | 6 | ( 114,132) |  | ( 109,132)
Provision for liabilities | 7 | ( 231,964) |  | ( 231,964)
Net assets |  | 671,057 |  | 678,511
Capital and reserves |  |  |  |
Called-up share capital | 8 | 252 |  | 252
Profit and loss account |  | 670,805 |  | 678,259
Total shareholders' funds |  | 671,057 |  | 678,511

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Southbourne Property Holding Company Limited (registered number: 00527021) were approved and authorised for issue by the Board of Directors on 24 September 2025. They were signed on its behalf by:

C W D Macey Director |

SOUTHBOURNE PROPERTY HOLDING COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SOUTHBOURNE PROPERTY HOLDING COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Southbourne Property Holding Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Wood End, Gods Blessing Lane, Holt, Wimborne, Dorset, BH21 7DE.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated as rent received, net of VAT and is recognised when the significant risk and rewards are considered to have been transferred to the tennant.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted. The deferred tax charge has been updated to reflect the revaluation of the properties and also the increase in Corporation Tax rates as at 1 April 2023 to 25%.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 1,049,000
As at 31 March 2025 | 1,049,000

Valuation

The directors have valued the properties as at 31 March 2025 at £1,049,000, being consistent with an independent valuation obtained on the properties. The directors are of the opinion that the investment properties are value at fair value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 67,814 |  | 67,814

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 8,750 |  | 0
Other debtors | 10,560 |  | 12,950
| 19,310 |  | 12,950

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 2,089 |  | 835
Amounts owed to Group undertakings | 20,000 |  | 20,000
Other taxation and social security | 1,158 |  | 1,158
Other creditors | 30,777 |  | 38,089
| 54,024 |  | 60,082

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 100,000 |  | 100,000
Amounts owed to Group undertakings | 14,132 |  | 9,132
| 114,132 |  | 109,132

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 231,964) |  | ( 231,964)
At the end of financial year | ( 231,964) |  | ( 231,964)

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
252 Ordinary shares of £ 1.00 each | 252 |  | 252

#### 9. Control

The company is jointly controlled by CWD Macey and JA Trafford as Trustees of the VT Insley- Fox Will Trust and Mrs JPS Prichard.

#### 10. Reserves

| 2025 |  | 2024
| £ |  | £
Distributable reserves | (78,417) |  | (70,963)
Non-distributable reserves | 749,222 |  | 749,222
| 670,805 |  | 678,259

Included in the profit and loss reserves is £749,222 (2024 - £749,222) of non-distributable reserves.