REGISTERED NUMBER: 10800680 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

South Moor Endsleigh Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Mrs L Willmott-Croft

M Day

W McMullan

S Putt

Registered office:

South Moor Vets

Derby Road Vet Centre

Derby Road

Kingsbridge

Devon

TQ7 1JL

Registered number:

10800680 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Investment property

4

1,480,894

1,480,894

Current assets

Cash at bank

4,397

2,780

Creditors

Amounts falling due within one year

5

675,168

675,066

Net current liabilities

(670,771

)

(672,286

)

Total assets less current liabilities

810,123

808,608

Creditors

Amounts falling due after more than one year

6

710,559

728,224

Net assets

99,564

80,384

Capital and reserves

Called up share capital

8

100

100

Retained earnings

99,464

80,284

Shareholders' funds

99,564

80,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

W McMullan - Director

Mrs L Willmott-Croft - Director

1.	STATUTORY INFORMATION

South Moor Endsleigh Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Operating income

The company's operating income derives from rental of investment property, which is recognised on a receivable basis.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

and 31 March 2025

1,480,894

Net book value

At 31 March 2025

1,480,894

At 31 March 2024

1,480,894

The investment property was completed in August 2018 and the directors are of the opinion that the open market value is equal to construction cost.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans

28,776

28,776

Taxation and social security

10,200

10,098

Other creditors

636,192

636,192

675,168

675,066

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

710,559

728,224

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

250,559

268,224

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

739,335

757,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1

100

100

9.	RELATED PARTY DISCLOSURES

The following was owed to the directors at the balance sheet date and paid to them in interest:

Name

Relationship

Interest paid

Amount owed to the related party

£

£

M P Day

Director

25,060

410,322

S C Putt

Director

9,778

160,202

L Croft

Director

488

7,970

W McMullan

Director

120

1,974

South Moor Ltd

A company under common control

-

46,557

There is no set date for repayment of these loans and interest is charged at 6.1%.

10.	ULTIMATE CONTROLLING PARTY

The company was ultimately controlled by its directors throughout the year.