SOUTHERNHAY LIMITED - Filleted accounts

Registered number

11193794

SOUTHERNHAY LIMITED

Filleted Accounts

31 March 2025

SOUTHERNHAY LIMITED
Registered number:		11193794
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		7,000,000			7,000,000

Current assets
Debtors	4	376			20,100
Cash at bank and in hand		53,074			61,226
		53,450			81,326

Creditors: amounts falling due within one year	5	(28,521)			(86,598)

Net current assets/(liabilities)			24,929			(5,272)

Total assets less current liabilities			7,024,929			6,994,728

Creditors: amounts falling due after more than one year	6		(6,312,540)			(6,322,540)



Net assets			712,389			672,188

Capital and reserves
Called up share capital			100			100
Profit and loss account			712,289			672,088

Shareholders' funds			712,389			672,188

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Cohen
Director
Approved by the board on 9 December 2025

SOUTHERNHAY LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rents and service charges received and reveivable.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	0%
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2024				7,000,000
	At 31 March 2025				7,000,000

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				7,000,000
	At 31 March 2024				7,000,000


4	Debtors		2025		2024
£				£

	Loans		-		20,000
	Other debtors		376		100
			376		20,100


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		8,673		19,100
	Taxation and social security costs		13,914		3,791
	Other creditors		5,934		63,707
			28,521		86,598


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Loans		6,312,540		6,322,540


7	Related party transactions

	The company is a subsidiary company of Talentbuild Limited. The company is associated with Eurocrest Properties Limited and Higholborn Limited.


8	Controlling party

	The company is controlled by its directors.


9	Other information

	SOUTHERNHAY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	179 Torridon Road
	London
	SE6 1RG