REGISTERED NUMBER: 08377639 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOUTH WEST STRATEGIC DEVELOPMENTS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

The Rt. Hon. Lord Howard of Lympne

J G P Campling

S J Pope

REGISTERED OFFICE:

Ridge Court

The Ridge

Epsom

Surrey

KT18 7EP

REGISTERED NUMBER:

08377639 (England and Wales)

AUDITORS:

Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

CURRENT ASSETS

Stocks

2,356,129

1,517,646

Debtors: amounts falling due within one year

4

109,978

170,097

Debtors: amounts falling due after more than one year

4

-

100,000

Cash at bank

148,568

12,559

2,614,675

1,800,302

CREDITORS

Amounts falling due within one year

5

40,082

128,206

NET CURRENT ASSETS

2,574,593

1,672,096

TOTAL ASSETS LESS CURRENT LIABILITIES

2,574,593

1,672,096

CREDITORS

Amounts falling due after more than one year

6

2,790,855

1,582,919

NET (LIABILITIES)/ASSETS

(216,262

)

89,177

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(216,362

)

89,077

(216,262

)

89,177

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

S J Pope - Director

1.	STATUTORY INFORMATION

South West Strategic Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£), which is also the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key critical judgement, not involving estimation uncertainty, which has the most significant effect on the financial statements, relates to whether provisions should be made against work in progress. Work in progress relates to costs incurred under agreements the company has entered into with the owners of properties in relation to strategic planning promotion. The extent to which work in progress is recoverable is determined by whether the company will be able to fulfill the terms of the agreements, which requires speculation on future events. Where the directors consider, to the best of their knowledge, it is probable that work in progress will not be recoverable, a provision has been made against the work in progress.

Revenue

Revenue represents income receivable in respect of strategic planning promotion services provided under agreements that the company has entered into with the owners of the properties.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The financial statements have been prepared on the going concern basis. The company relies on the support of its immediate parent company, Cardinal International Ltd, which in turn relies on the loans provided by the parent group. The parent group has confirmed it has no intention of withdrawing the loan facilities within twelve months of the date of approval of these financial statements. Based on this undertaking the directors believe that it remains appropriate to prepare the financial statement on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

102,584

169,603

Other debtors

7,394

494

109,978

170,097

Amounts falling due after more than one year:

Trade debtors

-

100,000

Aggregate amounts

109,978

270,097

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

16,716

31,746

Taxation and social security

4,791

60,053

Other creditors

18,575

36,407

40,082

128,206

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

2,790,855

1,582,919

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lewis Brownlee (Chichester) Limited