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Registration number: 10164678

SC Holdings (Southern) Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

SC Holdings (Southern) Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

SC Holdings (Southern) Ltd

Company Information

Director | Mr Simon Putman

Company secretary | Britannia Accountancy & Tax Services Ltd

Registered office | 1633 Parkway Whiteley Fareham Hampshire PO15 7AH

Accountants | Britannia Accountancy & Tax Services Ltd 1633 Parkway Whiteley Fareham Hampshire PO15 7AH

SC Holdings (Southern) Ltd

(Registration number: 10164678)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 378,000 | 432,000
Current assets |  |  |
Stocks | 5 | - | 155,911
Debtors | 6 | 254,000 | 44,000
|  | 254,000 | 199,911
Creditors: Amounts falling due within one year | 7 | (539,999) | (539,999)
Net current liabilities |  | (285,999) | (340,088)
Net assets |  | 92,001 | 91,912
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings |  | 92,000 | 91,911
Shareholders' funds |  | 92,001 | 91,912

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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 November 2025

......................................... Mr Simon Putman Director |  |

SC Holdings (Southern) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

These financial statements were authorised for issue by the director on 5 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Depreciation

Asset class | Depreciation method and rate
Plant and machinery | 18% on net book value
Vehicles | 18% on net book value
Office equipment | 18% on net book value
Furniture and fittings | 18% on net book value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

SC Holdings (Southern) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

SC Holdings (Southern) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 540,000 | 540,000
At 31 March 2025 | 540,000 | 540,000
Amortisation
At 1 April 2024 | 108,000 | 108,000
Amortisation charge | 54,000 | 54,000
At 31 March 2025 | 162,000 | 162,000
Carrying amount
At 31 March 2025 | 378,000 | 378,000
At 31 March 2024 | 432,000 | 432,000

5 | Stocks

| 2025 £ | 2024 £
Work in progress | - | 155,911

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 254,000 | 44,000
| 254,000 | 44,000

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 539,999 | 539,999

8 | Share capital

Allotted, called up and fully paid shares

SC Holdings (Southern) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1 | 1 | 1 | 1

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 539,999 | 539,999

10 | Dividends

Final dividends paid

| 2025 £ | 2024 £
Final dividend of £0 (2024 - £86,000) per each Ordinary share | - | 86,000

Interim dividends paid

| 2025 £ | 2024 £
Interim dividend of £75,000 (2024 - £0) per each Ordinary share | 75,000 | -