Company registration number 08548668 (England and Wales)
SOUTH HILL MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
SOUTH HILL MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SOUTH HILL MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,387
2,513
Current assets
Debtors
4
85,992
48,679
Cash at bank and in hand
61,455
24,035
147,447
72,714
Creditors: amounts falling due within one year
5
(216,200)
(132,763)
Net current liabilities
(68,753)
(60,049)
Net liabilities
(67,366)
(57,536)
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
(67,368)
(57,538)
Total equity
(67,366)
(57,536)

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 February 2026 and are signed on its behalf by:
Mr A A Brainin
Director
Company registration number 08548668 (England and Wales)
SOUTH HILL MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

South Hill Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, EC1M 4JN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% striaght line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

SOUTH HILL MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SOUTH HILL MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 June 2024 and 31 May 2025
9,956
Depreciation and impairment
At 1 June 2024
7,443
Depreciation charged in the year
1,126
At 31 May 2025
8,569
Carrying amount
At 31 May 2025
1,387
At 31 May 2024
2,513
SOUTH HILL MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
85,992
48,679
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,408
6,273
Taxation and social security
1,108
980
Other creditors
207,684
125,510
216,200
132,763
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
7
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
35,070
35,070
8
Related party transactions

At the balance sheet date, an amount of £50,000 (2024: £Nil) was owed to South Hill Capital Limited, a related party by virtue of common control.

In the year, the company made sales of £3,660 (2024: £9,385) to Astor Dublin Limited, a related company.

In the year, the company made sales of £15,027 (2024: £16,033) to Luhmann Dublin Limited, a related company.

In the year, the company made sales of £16,025 (2024: £16,543) to Nabucco Dublin Limited, a related company.

In the year, the company made sales of £16,345 (2024: £16,764) to Nero Dublin Limited, a related company.

In the year, the company made sales of £53,677 (2024: £21,772) to Basti Dublin Limited, a related company.

Included in other creditors an amount of £155,118 (2024: £123,060) due to the directors of the company. No interest is chargeable on the outstanding balance and these are payable on demand.

2025-05-31 2024-06-01 false false false 05 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A A Brainin Mr P P Brainin Mr A A Brainin 08548668 2024-06-01 2025-05-31 08548668 2025-05-31 08548668 2024-05-31 08548668 core:FurnitureFittings 2025-05-31 08548668 core:FurnitureFittings 2024-05-31 08548668 core:WithinOneYear 2025-05-31 08548668 core:WithinOneYear 2024-05-31 08548668 core:CurrentFinancialInstruments 2025-05-31 08548668 core:CurrentFinancialInstruments 2024-05-31 08548668 core:ShareCapital 2025-05-31 08548668 core:ShareCapital 2024-05-31 08548668 core:RetainedEarningsAccumulatedLosses 2025-05-31 08548668 core:RetainedEarningsAccumulatedLosses 2024-05-31 08548668 core:ShareCapitalOrdinaryShareClass1 2025-05-31 08548668 core:ShareCapitalOrdinaryShareClass1 2024-05-31 08548668 bus:CompanySecretaryDirector1 2024-06-01 2025-05-31 08548668 core:FurnitureFittings 2024-06-01 2025-05-31 08548668 2023-06-01 2024-05-31 08548668 core:FurnitureFittings 2024-05-31 08548668 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 08548668 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 08548668 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 08548668 bus:OrdinaryShareClass1 2025-05-31 08548668 bus:OrdinaryShareClass1 2024-05-31 08548668 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 08548668 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 08548668 bus:FRS102 2024-06-01 2025-05-31 08548668 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 08548668 bus:Director1 2024-06-01 2025-05-31 08548668 bus:Director2 2024-06-01 2025-05-31 08548668 bus:CompanySecretary1 2024-06-01 2025-05-31 08548668 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP