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Registered number: 09462806
Southern Right Capital Partners Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Tom Geraghty & Associates
Chartered Accountants and Business Advisors
38 North Gate
Newark
NG24 1EZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09462806
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,304 3,981
Investments 5 124,915 18,576
185,219 22,557
CURRENT ASSETS
Debtors 6 86,560 752,412
Cash at bank and in hand 354,168 131,752
440,728 884,164
Creditors: Amounts Falling Due Within One Year 7 (580,621 ) (832,767 )
NET CURRENT ASSETS (LIABILITIES) (139,893 ) 51,397
TOTAL ASSETS LESS CURRENT LIABILITIES 45,326 73,954
NET ASSETS 45,326 73,954
CAPITAL AND RESERVES
Called up share capital 8 300 300
Share premium account 54,800 54,800
Profit and Loss Account (9,774 ) 18,854
SHAREHOLDERS' FUNDS 45,326 73,954
Page 1
Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gideon Nieuwoudt
Director
21/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Southern Right Capital Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09462806 . The registered office is 1st Floor Offices, 28-30 Market Place , Cirencester, GL7 2NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2024 - 5,376 5,376
Additions 46,655 25,092 71,747
As at 30 June 2025 46,655 30,468 77,123
Depreciation
As at 1 July 2024 - 1,395 1,395
Provided during the period 9,331 6,093 15,424
As at 30 June 2025 9,331 7,488 16,819
Net Book Value
As at 30 June 2025 37,324 22,980 60,304
As at 1 July 2024 - 3,981 3,981
5. Investments
Unlisted
£
Cost or Valuation
As at 1 July 2024 18,576
Additions 106,339
As at 30 June 2025 124,915
Provision
As at 1 July 2024 -
As at 30 June 2025 -
Net Book Value
As at 30 June 2025 124,915
As at 1 July 2024 18,576
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 41,185 729,449
Prepayments and accrued income 45,141 2,064
Burden Court Limited 234 -
Net wages - 2,095
Directors' loan accounts - 18,804
86,560 752,412
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 52,735 146
Corporation tax (91 ) 67,189
Other taxes and social security - 14,040
Net wages 3,845 -
Loan from Southern Right Capital Limited 480,867 684,391
Pensions payable - 641
Sarah Nieuwoudt 28,953 30,000
Southern Right Capital Partners SA 1,146 -
Accruals and deferred income 6,996 6,360
Directors' loan accounts 6,170 30,000
580,621 832,767
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 300 300
Page 5