Company registration number 12744329 (England and Wales)
SUSSEX SOHO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
SUSSEX SOHO LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
SUSSEX SOHO LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
117,485
28,270
Current assets
Stocks
15,936
14,978
Debtors
4
252,900
249,765
Cash at bank and in hand
55,263
1,026
324,099
265,769
Creditors: amounts falling due within one year
5
(803,844)
(565,582)
Net current liabilities
(479,745)
(299,813)
Total assets less current liabilities
(362,260)
(271,543)
Provisions for liabilities
(15,424)
-
Net liabilities
(377,684)
(271,543)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(377,686)
(271,545)
Total equity
(377,684)
(271,543)

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 November 2025 and are signed on its behalf by:
R A Gladwin
Director
Company registration number 12744329 (England and Wales)
SUSSEX SOHO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Sussex Soho Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Nutbourne Manor The Street, Nutbourne, Pulborough, West Sussex, RH20 2HE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

The directors are taking steps to turn the overdrawn balance sheet position around after a challenging period for the hospitality sector. The company has the continued support of the parent company.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
over the remaining life of the lease
Plant and equipment
12.5%, 20%, 33% & 50% p.a straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

SUSSEX SOHO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

In respect of tax losses surrendered to and utilised by the company or surrendered by the company and utilised by other group companies, no tax charge or credit is recognised in the financial statements.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

SUSSEX SOHO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

The company contributes to employee pension schemes for all qualifying employees. The pension cost charge represents contributions payable by the company to the schemes.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was nil (2024: nil).

The average monthly number of persons (including directors) engaged by the company, who are employed

directly by the parent company, Gladwin Holdings Ltd, was:

2025
2024
Number
Number
Total
25
24
SUSSEX SOHO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 October 2024
54,004
96,786
150,790
Additions
31,239
78,482
109,721
At 30 September 2025
85,243
175,268
260,511
Depreciation and impairment
At 1 October 2024
57,450
65,070
122,520
Depreciation charged in the year
3,317
17,189
20,506
At 30 September 2025
60,767
82,259
143,026
Carrying amount
At 30 September 2025
24,476
93,009
117,485
At 30 September 2024
(3,446)
31,716
28,270
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,698
3,760
Amounts owed by group undertakings
109,846
116,828
Other debtors
139,356
64,734
252,900
185,322
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
-
0
64,443
Total debtors
252,900
249,765
SUSSEX SOHO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
45,418
32,047
Amounts owed to group undertakings
583,169
353,424
Taxation and social security
35,081
21,569
Other creditors
140,176
158,542
803,844
565,582
6
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
4,448
3,278
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
720,000
800,000
8
Parent company

The company is 100% owned by Gladwin Holdings Ltd.

The ultimate controlling party is considered to be Mr Richard and Mr Oliver Gladwin who are jointly the ultimate beneficial owners of Gladwin Holdings Ltd.

2025-09-30 2024-10-01 false false false 13 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr R A Gladwin Mr O L Gladwin 12744329 2024-10-01 2025-09-30 12744329 2025-09-30 12744329 2024-09-30 12744329 core:PlantMachinery 2025-09-30 12744329 core:LandBuildings 2024-09-30 12744329 core:PlantMachinery 2024-09-30 12744329 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 12744329 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12744329 core:CurrentFinancialInstruments 2025-09-30 12744329 core:CurrentFinancialInstruments 2024-09-30 12744329 core:ShareCapital 2025-09-30 12744329 core:ShareCapital 2024-09-30 12744329 core:RetainedEarningsAccumulatedLosses 2025-09-30 12744329 core:RetainedEarningsAccumulatedLosses 2024-09-30 12744329 bus:Director1 2024-10-01 2025-09-30 12744329 core:LandBuildings core:LongLeaseholdAssets 2024-10-01 2025-09-30 12744329 core:PlantMachinery 2024-10-01 2025-09-30 12744329 2023-10-01 2024-09-30 12744329 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-09-30 12744329 core:PlantMachinery 2024-09-30 12744329 2024-09-30 12744329 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-09-30 12744329 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-10-01 2025-09-30 12744329 core:AfterOneYear 2025-09-30 12744329 core:AfterOneYear 2024-09-30 12744329 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12744329 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 12744329 bus:FRS102 2024-10-01 2025-09-30 12744329 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 12744329 bus:Director2 2024-10-01 2025-09-30 12744329 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP