1 April 2024 false No description of principal activity Taxfiler 2024.6 07800147business:PrivateLimitedCompanyLtd2024-04-012025-03-31 078001472024-03-31 078001472024-04-012025-03-31 07800147business:AuditExemptWithAccountantsReport2024-04-012025-03-31 07800147business:FilletedAccounts2024-04-012025-03-31 078001472025-03-31 07800147business:Director12024-04-012025-03-31 07800147business:Director22024-04-012025-03-31 07800147business:RegisteredOffice2024-04-012025-03-31 078001472024-03-31 07800147core:WithinOneYear2025-03-31 07800147core:WithinOneYear2024-03-31 07800147core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 07800147core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 07800147core:RevaluationReservecore:PreviouslyStatedAmount2025-03-31 07800147core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 07800147core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 07800147core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 07800147core:PreviouslyStatedAmount2025-03-31 07800147core:PreviouslyStatedAmount2024-03-31 07800147business:SmallEntities2024-04-012025-03-31 07800147countries:EnglandWales2024-04-012025-03-31 07800147core:LandBuildings2024-04-012025-03-31 07800147core:PlantMachinery2024-04-012025-03-31 07800147core:MotorVehicles2024-04-012025-03-31 07800147core:FurnitureFittings2024-04-012025-03-31 07800147core:ComputerEquipment2024-04-012025-03-31 07800147core:Goodwill2024-03-31 07800147core:Goodwill2025-03-31 07800147core:LandBuildings2024-03-31 07800147core:PlantMachinery2024-03-31 07800147core:MotorVehicles2024-03-31 07800147core:FurnitureFittings2024-03-31 07800147core:ComputerEquipment2024-03-31 07800147core:LandBuildings2025-03-31 07800147core:PlantMachinery2025-03-31 07800147core:MotorVehicles2025-03-31 07800147core:FurnitureFittings2025-03-31 07800147core:ComputerEquipment2025-03-31 07800147core:RevaluationPropertyDeferredTax2025-03-31 07800147core:RevaluationPropertyDeferredTax2024-03-31 078001472023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07800147 (England and Wales)
SOUTH DOWNS FUNERAL SERVICE LIMITED Unaudited accounts for the year ended 31 March 2025
SOUTH DOWNS FUNERAL SERVICE LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
SOUTH DOWNS FUNERAL SERVICE LIMITED Company Information for the year ended 31 March 2025
Directors
PAUL LEE-BAPTY MARTIN LEE-BAPTY
Company Number
07800147 (England and Wales)
Registered Office
THE OLD POST OFFICE HAMBLEDON ROAD DENMEAD WATERLOOVILLE HAMPSHIRE PO7 6NN
Accountants
LACEY & CO., ACCOUNTANTS 238A LONDON ROAD WATERLOOVILLE HAMPSHIRE PO7 7HB
- 3 -
SOUTH DOWNS FUNERAL SERVICE LIMITED Accountants' report
Accountants' report to the board of directors of SOUTH DOWNS FUNERAL SERVICE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SOUTH DOWNS FUNERAL SERVICE LIMITED for the year ended 31 March 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SOUTH DOWNS FUNERAL SERVICE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SOUTH DOWNS FUNERAL SERVICE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SOUTH DOWNS FUNERAL SERVICE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SOUTH DOWNS FUNERAL SERVICE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SOUTH DOWNS FUNERAL SERVICE LIMITED. You consider that SOUTH DOWNS FUNERAL SERVICE LIMITED 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 accounts of SOUTH DOWNS FUNERAL SERVICE LIMITED. 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 accounts.
LACEY & CO., ACCOUNTANTS 238A LONDON ROAD WATERLOOVILLE HAMPSHIRE PO7 7HB 25 November 2025
- 4 -
SOUTH DOWNS FUNERAL SERVICE LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
473,570 
161,033 
Current assets
Inventories
5,914 
7,805 
Debtors
6
46,660 
27,212 
Cash at bank and in hand
62,941 
318,441 
115,515 
353,458 
Creditors: amounts falling due within one year
7
(54,591)
(72,685)
Net current assets
60,924 
280,773 
Total assets less current liabilities
534,494 
441,806 
Provisions for liabilities
Deferred tax
8
(12,500)
- 
Net assets
521,994 
441,806 
Capital and reserves
Called up share capital
100,000 
100,000 
Revaluation reserve
37,500 
- 
Profit and loss account
384,494 
341,806 
Shareholders' funds
521,994 
441,806 
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by
PAUL LEE-BAPTY Director Company Registration No. 07800147
- 5 -
SOUTH DOWNS FUNERAL SERVICE LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
SOUTH DOWNS FUNERAL SERVICE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07800147. The registered office is THE OLD POST OFFICE HAMBLEDON ROAD, DENMEAD, WATERLOOVILLE, HAMPSHIRE, PO7 6NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of Vat and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates: - Plant & machinery (Property, Plant & Equipment): Leasehold improvements at Clanfield premises= 20% Leasehold improvements at Denmead premises = 5% Leasehold improvements at Southsea premises = 10% Land & buildings: Land = not depreciated / carried on the books at the revaluation cost. Property = depreciation is applied at 1.5% per year to the revaluation cost to represent a useful life of 66-67 years.
Land & buildings
Straight line on revaluation cost
Plant & machinery
Straight line on cost, applied over the years stated above.
Motor vehicles
Reducing balance method at 15%.
Fixtures & fittings
Straight line at 10% on cost, no residual value.
Computer equipment
Straight line at 33% on cost, no residual value.
Intangible fixed assets
Intangible fixed assets, goodwill, are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax is recognised on revaluation movements. The deferred tax asset or liability is recognised in the revaluation reserve.
- 6 -
SOUTH DOWNS FUNERAL SERVICE LIMITED Notes to the Accounts for the year ended 31 March 2025
Revaluation Model
The company uses the revaluation model for property, plant and equipment in the Land and Property class of assets. All items within this class are revalued at the same time. Revaluations are performed with sufficient regularity to ensure the carrying amount does not differ materially from fair value at the reporting date. The fair value of the asset is determined by an independent, professionally-qualified valuer. Revaluations are performed every three to five years. Revaluation gains are recognised in other comprehensive income and accumulated in the revaluation reserve (within equity). Revaluation losses are recognised in the revaluation reserve. The carrying amount that would have been recognised had the assets been carried under the cost model is £292,385.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2024
65,347 
At 31 March 2025
65,347 
Amortisation
At 1 April 2024
65,347 
At 31 March 2025
65,347 
Net book value
At 31 March 2025
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At cost 
At cost 
At 1 April 2024
- 
146,886 
154,500 
20,211 
1,723 
323,320 
Additions
292,385 
- 
- 
- 
- 
292,385 
Revaluations
50,000 
- 
- 
- 
- 
50,000 
At 31 March 2025
342,385 
146,886 
154,500 
20,211 
1,723 
665,705 
Depreciation
At 1 April 2024
- 
93,409 
46,944 
20,211 
1,723 
162,287 
Charge for the year
3,509 
9,606 
16,133 
- 
- 
29,248 
Surplus on revaluation
600 
- 
- 
- 
- 
600 
At 31 March 2025
4,109 
103,015 
63,077 
20,211 
1,723 
192,135 
Net book value
At 31 March 2025
338,276 
43,871 
91,423 
- 
- 
473,570 
At 31 March 2024
- 
53,477 
107,556 
- 
- 
161,033 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,910 
24,330 
Other debtors
2,750 
2,882 
46,660 
27,212 
- 7 -
SOUTH DOWNS FUNERAL SERVICE LIMITED Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
7,043 
30,947 
Taxes and social security
23,971 
18,316 
Other creditors
- 
132 
Loans from directors
12,930 
12,967 
Accruals
10,647 
10,323 
54,591 
72,685 
8
Deferred taxation
2025 
2024 
£ 
£ 
Revaluation of land and buildings
12,500 
- 
2025 
2024 
£ 
£ 
Charged to other comprehensive income
12,500 
- 
Provision at end of year
12,500 
- 
9
Transactions with related parties
A transaction between South Downs Funeral Service Ltd and Mr Martin Lee-Bapty, (director/shareholder and Person of Significant Control) to purchase the property, The Old Post Office House, Waterlooville. PO7 6NN was completed on 29 October 2024. A valuation of £335,000 was professionally obtained from a third party in October 2024, although the sale proceeded at the below market value of £285,000. The purchase of the premises, which the company has already been occupying for business purposes, was funded from the company’s cash at bank. The property has been reported in the Accounts at its current, fair market value of £335,000 and the associated adjustments recorded accordingly.
10
Average number of employees
During the year the average number of employees was 9 (2024: 9).
- 8 -