Registration number: 09760649

Southlands Homes Ltd

Contents

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

Southlands Homes Ltd

Company Information

Director

Mr Daniel Gareth Laybourne

Registered office

Burma Drive Marfleet Lane Hull East Yorkshire HU9 5SD

Solicitors

Rollits LLP Citadel House 58 High Street Hull East Yorkshire HU1 1QE

Bankers

Lloyds Bank Silver Street Hull

Accountants

Flexibility Professional Services (UK) Ltd Cherry Tree Court 36 Ferensway Hull East Yorkshire HU2 8NH

Southlands Homes Ltd

(Registration number: 09760649)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	12,469	15,500
Current assets
Debtors	5	352,328	351,361
Cash at bank and in hand		1,628	1,457
		353,956	352,818
Creditors: Amounts falling due within one year	6	(519,837)	(527,333)
Net current liabilities		(165,881)	(174,515)
Total assets less current liabilities		(153,412)	(159,015)
Creditors: Amounts falling due after more than one year	6	(1,667)	(11,667)
Net liabilities		(155,079)	(170,682)
Capital and reserves
Called up share capital	7	1	1
Retained earnings		(155,080)	(170,683)
Shareholders' deficit		(155,079)	(170,682)

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 December 2025
 

......................................... Mr Daniel Gareth Laybourne Director

Southlands Homes Ltd

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:
Burma Drive
Marfleet Lane
Hull
East Yorkshire
HU9 5SD
United Kingdom

These financial statements were authorised for issue by the director on 24 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Southlands Homes Ltd

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

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
Plant and machinery	Reducing balance @15%
Motor vehicles	Reducing balance @25%

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Southlands Homes Ltd

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

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

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

Southlands Homes Ltd

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

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	29,793	19,000	48,793
At 31 March 2025	29,793	19,000	48,793
Depreciation
At 1 April 2024	22,723	10,570	33,293
Charge for the year	1,767	1,264	3,031
At 31 March 2025	24,490	11,834	36,324
Carrying amount
At 31 March 2025	5,303	7,166	12,469
At 31 March 2024	7,070	8,430	15,500

5

Debtors

Current	2025 £	2024 £
Other debtors	352,328	351,361
	352,328	351,361

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	26,443	26,443
Trade creditors		34,843	28,258
Taxation and social security		40,775	58,776
Accruals and deferred income		1,410	28,690
Other creditors		416,366	385,166
		519,837	527,333

Southlands Homes Ltd

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

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,667	11,667

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary £1 of £1 each	1	1	1	1

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,667	11,667

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000
Other borrowings	16,443	16,443
	26,443	26,443

Bank borrowings

Lloyds Bounce Back loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 30 April 2026. The carrying amount at year end is £11,667 (2024 - £21,667). Unsecured loan provided under the Bounce Back Loan Scheme. No repayments and interest rebated by UK government during first 12 months.

Southlands Homes Ltd

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

9	Related party transactions

Summary of transactions with associates

CDS Energy Services Ltd
Southlands Holdings Ltd
CDS Energy Services Ltd - this balances arose from ongoing cash flow funding provided to the company to meet legal fees and other general overhead costs while an ongoing legal case continues. The amounts outstanding are unsecured, interest-free, and repayable on demand. There are no formal repayment terms, and no security has been provided in respect of these balances. The directors consider the continued financial support from these related parties to be appropriate and necessary to enable the company to meet its obligations as they fall due during the period of the legal proceedings.

Southlands Holdings Ltd - the development site to which these costs relate is currently mothballed pending the outcome of an ongoing legal case. The amount outstanding is unsecured, interest-free, and repayable on demand. There are no formal repayment terms, and no security has been provided in respect of this balance. The directors acknowledge that, while the balance remains payable, the timing of settlement is uncertain due to the current status of the site and the legal proceedings.

Summary of transactions with other related parties

Howard Laybourne
D&H Properties These balances arose from ongoing cash flow funding provided to the company to meet legal fees and other general overhead costs while an ongoing legal case continues. The amounts outstanding are unsecured, interest-free, and repayable on demand. There are no formal repayment terms, and no security has been provided in respect of these balances. The directors consider the continued financial support from these related parties to be appropriate and necessary to enable the company to meet its obligations as they fall due during the period of the legal proceedings.

Loans to related parties

2025	Associates £	Total £
At start of period	179,144	179,144
At end of period	179,144	179,144

2024	Associates £	Total £
At start of period	179,144	179,144
At end of period	179,144	179,144

Terms of loans to related parties

Unsecured loan capital with no repayment terms and 0% interest.
 

Southlands Homes Ltd

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

Loans from related parties

2025	Associates £	Key management £	Other related parties £	Total £
At start of period	153,982	16,443	231,384	401,809
Advanced	31,000	-	-	31,000
At end of period	184,982	16,443	231,384	432,809

2024	Associates £	Key management £	Other related parties £	Total £
At start of period	123,482	-	231,384	354,866
Advanced	30,500	16,443	-	46,943
At end of period	153,982	16,443	231,384	401,809

Terms of loans from related parties

Unsecured loan capital with no repayment terms and 0% interest.