SOUTH HALE PROPERTY DEVELOPMENT LTD


Directors	REYNOLDS, Maurice Craig
	REYNOLDS, Samantha


Registered Address	14th Floor 33 Cavendish Square
	London
	W1G 0PW


Registered Number	13845637 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	4		600,000		500,000
			600,000		500,000
Current assets
Debtors		-		284,400
		-		284,400
Creditors amounts falling due within one year	5	(406,961)		(1,103,800)
Net current assets (liabilities)			(406,961)		(819,400)
Total assets less current liabilities			193,039		(319,400)
Creditors amounts falling due after one year	6		(500,000)		-
Provisions for liabilities	7		(19,000)		-
Net assets			(325,961)		(319,400)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(326,061)		(319,500)
Shareholders' funds			(325,961)		(319,400)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:

REYNOLDS, Maurice Craig
Director
Registered Company No. 13845637

SOUTH HALE PROPERTY DEVELOPMENT LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	At the balance sheet date the company had net liabilities of £325,961. The ability of the company to continue to trade is dependant upon the continued support of the directors. The directors are of the opinion that the company will continue to receive this support and on this basis consider it appropriate to prepare the accounts on the going concern basis.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. The property was revalued by the director at open market value.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Deferred tax
	Deferred tax has been provided on the revaluation of the investment property at the rate of corporation tax at the balance sheet date.

4.	Investment property


		£
	Fair value at 01 February 24	500,000
	Fair value adjustments	100,000
	At 31 January 25	600,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Other creditors	406,161	1,103,000
Accrued liabilities and deferred income	800	800
Total	406,961	1,103,800


	Creditors include directors loan balances amounting to £406,161, which will be repaid on the sale of the investment property.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	500,000	-
Total	500,000	-


	Creditors due after one year of £500,000 relate to a loan which will be repaid on the sale of the investment property.

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	19,000	-
Total	19,000	-