Registration number: 09268909

Southwestern Sustainability Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Southwestern Sustainability Limited

Company Information

Directors

Mr J Clapp Mrs C Clapp

Registered office

Red Linhay Crown Hill Halberton Tiverton Devon EX16 7AY

Accountants

Ward and Co Chartered Accountants West Penhill Farm Fremington Barnstaple Devon EX31 2NG

Southwestern Sustainability Limited

(Registration number: 09268909)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	7,417,483	7,076,064
Current assets
Stock	5	553,066	820,259
Debtors	6	964,969	555,632
Cash at bank and in hand		573,632	962,666
		2,091,667	2,338,557
Creditors: Amounts falling due within one year	7	(651,585)	(643,175)
Net current assets		1,440,082	1,695,382
Total assets less current liabilities		8,857,565	8,771,446
Creditors: Amounts falling due after more than one year	7	(1,252,828)	(1,365,034)
Provisions for liabilities		(68,909)	-
Net assets		7,535,828	7,406,412
Capital and reserves
Called up share capital		100,002	100,002
Share premium reserve		4,750,000	4,750,000
Retained earnings		2,685,826	2,556,410
Shareholders' funds		7,535,828	7,406,412

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 December 2025 and signed on its behalf by:
 

Southwestern Sustainability Limited

(Registration number: 09268909)
Balance Sheet as at 31 March 2025

......................................... Mr J Clapp Director

......................................... Mrs C Clapp Director

Southwestern Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Red Linhay
Crown Hill
Halberton
Tiverton
Devon
EX16 7AY

These financial statements were authorised for issue by the Board on 1 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Southwestern Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	No depreciation
Plant and equipment	between 5 and 20 years straight line
Motor vehicles	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stock are assessed for impairment. If stock are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Southwestern Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

Southwestern Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	14,203	9,407,978	33,103	9,455,284
Additions	636	1,095,027	33,500	1,129,163
Disposals	-	(283,424)	(33,103)	(316,527)
At 31 March 2025	14,839	10,219,581	33,500	10,267,920
Depreciation
At 1 April 2024	-	2,364,875	14,345	2,379,220
Charge for the year	-	489,972	-	489,972
Eliminated on disposal	-	(4,410)	(14,345)	(18,755)
At 31 March 2025	-	2,850,437	-	2,850,437
Carrying amount
At 31 March 2025	14,839	7,369,144	33,500	7,417,483
At 31 March 2024	14,203	7,043,103	18,758	7,076,064

Included within the net book value of land and buildings above is £14,839 (2024 - £14,203) in respect of freehold land and buildings.

The motor vehicle depreciation policy was changed on 1 April 2023 to 5 years straight line from 20 years straight line.
 

5

Stock

	2025 £	2024 £
Other inventories	553,066	820,259

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		118,190	175,691
Amounts owed by related parties	9	325,465	74,305
Prepayments		729	25,454
Other debtors		520,585	280,182
		964,969	555,632

Southwestern Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	308,032	169,927
Trade creditors		311,009	410,422
Taxation and social security		2,051	10,747
Accruals and deferred income		5,328	-
Other creditors		25,165	52,079
		651,585	643,175

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,252,828	1,365,034

Bank loans are secured by fixed and floating charges of the company's assets.
Hire purchase liabilities are secured by the assets to which they relate.

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	983,408	1,201,316
Hire purchase contracts	269,420	163,718
	1,252,828	1,365,034

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	148,736	72,532
Hire purchase contracts	159,296	97,395
	308,032	169,927

Southwestern Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

Loans to related parties

2025	Parent £	Total £
At start of period	74,305	74,305
Advanced	251,160	251,160
At end of period	325,465	325,465

2024	Parent £	Total £
At start of period	72,222	72,222
Advanced	2,083	2,083
At end of period	74,305	74,305

Terms of loans to related parties

No interest is charged on the above loan owed to it's parent company, Elsie's Energy Limited.
 

10	Parent and ultimate parent undertaking

The company's immediate parent is Elsie's Energy Limited, incorporated in England and Wales.