15 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2025 - FRS102_2025 6,790 8,750 15,540 2,241 4,707 6,948 8,592 4,549 xbrli:pure xbrli:shares iso4217:GBP SC756904 2024-02-01 2025-01-31 SC756904 2025-01-31 SC756904 2024-01-31 SC756904 2023-01-30 2024-01-31 SC756904 2024-01-31 SC756904 2023-01-29 SC756904 core:FurnitureFittings 2024-02-01 2025-01-31 SC756904 bus:LeadAgentIfApplicable 2024-02-01 2025-01-31 SC756904 bus:Director1 2024-02-01 2025-01-31 SC756904 core:WithinOneYear 2025-01-31 SC756904 core:WithinOneYear 2024-01-31 SC756904 core:FurnitureFittings 2024-01-31 SC756904 core:FurnitureFittings 2025-01-31 SC756904 core:ShareCapital 2025-01-31 SC756904 core:ShareCapital 2024-01-31 SC756904 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC756904 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC756904 core:FurnitureFittings 2024-01-31 SC756904 bus:SmallEntities 2024-02-01 2025-01-31 SC756904 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC756904 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC756904 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC756904 bus:FullAccounts 2024-02-01 2025-01-31 SC756904 core:AllAssociates 2025-01-31 SC756904 1 2024-02-01 2025-01-31
COMPANY REGISTRATION NUMBER: SC756904

Southbridge Cross Ltd

Filleted Unaudited Financial Statements

31 January 2025

Southbridge Cross Ltd

Financial Statements

Year ended 31 January 2025

Contents | Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 3

Southbridge Cross Ltd

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Southbridge Cross Ltd

Year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Southbridge Cross Ltd for the year ended 31 January 2025, which comprise the statement of financial position 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Southbridge Cross Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Southbridge Cross Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southbridge Cross Ltd and its director for our work or for this report.
It is your duty to ensure that Southbridge Cross Ltd 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 loss of Southbridge Cross Ltd. You consider that Southbridge Cross Ltd 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 Southbridge Cross Ltd. 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.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
27 October 2025

Southbridge Cross Ltd

Statement of Financial Position

31 January 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 8,592 | 4,549

Current assets

Stocks | 8,686 |  | 8,638
Debtors | 6 | 2,968 |  | 33,576
Cash at bank and in hand | 55,595 |  | 37,996
| -------- |  | --------
| 67,249 |  | 80,210

Creditors: amounts falling due within one year | 7 | 119,208 |  | 106,226
| --------- |  | ---------
Net current liabilities |  | 51,959 | 26,016
|  | -------- | --------
Total assets less current liabilities |  | ( 43,367) | ( 21,467)
|  | -------- | --------
Net liabilities |  | ( 43,367) | ( 21,467)
|  | -------- | --------

Capital and reserves

Called up share capital |  | 3 | 3
Profit and loss account |  | ( 43,370) | ( 21,470)
|  | -------- | --------
Shareholders deficit |  | ( 43,367) | ( 21,467)
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

Mr Jonathan Lessani |
Director |

Company registration number: SC756904

Southbridge Cross Ltd

Notes to the Financial Statements

Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 18 Eagle Street, Craighall Business Park, Glasgow, G49XA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is reliant on the support of the director and associated companies in order to continue in operational existence and meet its liabilities as they fall due. The director is satisfied that they will continue to support the company and as such the going concern basis is appropriate for the preparation of the accounts.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 33% straight line

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2024: 15 ).
5. Tangible assets

| Fixtures and fittings
| £
Cost |
At 1 February 2024 | 6,790
Additions | 8,750
| --------
At 31 January 2025 | 15,540
| --------
Depreciation |
At 1 February 2024 | 2,241
Charge for the year | 4,707
| --------
At 31 January 2025 | 6,948
| --------
Carrying amount |
At 31 January 2025 | 8,592
| --------
At 31 January 2024 | 4,549
| --------

6. Debtors

| 2025 | 2024
| £ | £
Prepayments and accrued income | 187 | 1,645
Other debtors | 2,781 | 31,931
| ------- | --------
| 2,968 | 33,576
| ------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 18,720 | 3,543
Accruals and deferred income | 21,985 | 19,833
Social security and other taxes | 68,414 | 74,697
Other creditors | 10,089 | 8,153
| --------- | ---------
| 119,208 | 106,226
| --------- | ---------

8. Related party transactions
Included within Other debtors is £ 2,281 (2024 - £31,431) due from companies under common control. The loans are interest free, unsecured and repayable on demand. Included within Creditors is £ 5,850 (2024 - £Nil) due to a company under common control. The loan is interest free, unsecured and repayable on demand.
9. Controlling party
The company was not under the control of any one individual.