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Company No: 01979660 (England and Wales)

# SOLENT PROJECTS (SOUTHERN) LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

SOLENT PROJECTS (SOUTHERN) LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

SOLENT PROJECTS (SOUTHERN) LIMITED

## BALANCE SHEET

As at 30 April 2025
SOLENT PROJECTS (SOUTHERN) LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,023,631 |  | 2,031,974
Investments | 4 | 100 |  | 100
|  | 2,023,731 |  | 2,032,074
Current assets |  |  |  |
Debtors | 5 | 680,484 |  | 576,226
Cash at bank and in hand |  | 141,731 |  | 230,843
|  | 822,215 |  | 807,069
Creditors: amounts falling due within one year | 6 | ( 236,216) |  | ( 409,194)
Net current assets |  | 585,999 |  | 397,875
Total assets less current liabilities |  | 2,609,730 |  | 2,429,949
Creditors: amounts falling due after more than one year | 7 | ( 532,708) |  | ( 435,208)
Provision for liabilities |  | ( 7,107) |  | ( 6,987)
Net assets |  | 2,069,915 |  | 1,987,754
Capital and reserves |  |  |  |
Called-up share capital | 8 | 201 |  | 201
Profit and loss account |  | 2,069,714 |  | 1,987,553
Total shareholder's funds |  | 2,069,915 |  | 1,987,754

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Solent Projects (Southern) Limited (registered number: 01979660) were approved and authorised for issue by the Board of Directors on 08 December 2025. They were signed on its behalf by:

Mr P G Lister Director |

SOLENT PROJECTS (SOUTHERN) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
SOLENT PROJECTS (SOUTHERN) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Solent Projects (Southern) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, Dorst, BH15 2PW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery | 15 % reducing balance
Vehicles | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 May 2024 | 1,995,202 |  | 41,127 |  | 51,421 |  | 2,087,750
At 30 April 2025 | 1,995,202 |  | 41,127 |  | 51,421 |  | 2,087,750
Accumulated depreciation |  |  |  |  |  |  |
At 01 May 2024 | 0 |  | 32,626 |  | 23,150 |  | 55,776
Charge for the financial year | 0 |  | 1,275 |  | 7,068 |  | 8,343
At 30 April 2025 | 0 |  | 33,901 |  | 30,218 |  | 64,119
Net book value |  |  |  |  |  |  |
At 30 April 2025 | 1,995,202 |  | 7,226 |  | 21,203 |  | 2,023,631
At 30 April 2024 | 1,995,202 |  | 8,501 |  | 28,271 |  | 2,031,974

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 May 2024 | 100 |  | 100
At 30 April 2025 | 100 |  | 100
Carrying value at 30 April 2025 | 100 |  | 100
Carrying value at 30 April 2024 | 100 |  | 100

Investments in shares

The following were investments in shares of the Company:

Name of entity | Registered office | Principal activity | Class of shares | Ownership 30.04.2025 | Held
Terard Ltd | Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW | Property investment. | Ordimary | 100.00% | Direct

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 680,484 |  | 576,226

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 100,000
Corporation tax | 27,685 |  | 25,870
Obligations under finance leases and hire purchase contracts (secured) | 2,500 |  | 2,500
Other creditors | 206,031 |  | 280,824
| 236,216 |  | 409,194

Creditors include bank loans and overdrafts and obligations under finance leases and hire purchase contracts which are secured of £2,500 (2024 - £102,500).
Assets purchased under hire purchase contracts are secured by the asset to which the contract relates to.
Bank loans have a fixed and floating charge over the assets of the company.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 528,750 |  | 428,750
Obligations under finance leases and hire purchase contracts (secured) | 3,958 |  | 6,458
| 532,708 |  | 435,208

Creditors include bank loans and hire purchase contracts which are secured of £532,708 (2023 - £435,208).
Assets purchased under hire purchase contracts are secured by the asset to which the contract relates to.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
200 Ordinary shares of £ 1.00 each | 200 |  | 200
1 Ordinary A share of £ 1.00 | 1 |  | 1
| 201 |  | 201

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Key management | 2,798 |  | 0

No interest has been charged on overdrawn loan amount