IRIS Accounts Production v25.4.0.155 03059694 Board of Directors 1.11.24 31.10.25 31.10.25 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03059694 2024-10-31 03059694 2025-10-31 03059694 2024-11-01 2025-10-31 03059694 2023-10-31 03059694 2023-11-01 2024-10-31 03059694 2024-10-31 03059694 ns15:EnglandWales 2024-11-01 2025-10-31 03059694 ns14:PoundSterling 2024-11-01 2025-10-31 03059694 ns10:Director1 2024-11-01 2025-10-31 03059694 ns10:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 03059694 ns10:SmallEntities 2024-11-01 2025-10-31 03059694 ns10:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 03059694 ns10:SmallCompaniesRegimeForDirectorsReport 2024-11-01 2025-10-31 03059694 ns10:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 03059694 ns10:FullAccounts 2024-11-01 2025-10-31 03059694 ns10:OrdinaryShareClass1 2024-11-01 2025-10-31 03059694 ns10:Director2 2024-11-01 2025-10-31 03059694 ns10:RegisteredOffice 2024-11-01 2025-10-31 03059694 ns5:CurrentFinancialInstruments 2025-10-31 03059694 ns5:CurrentFinancialInstruments 2024-10-31 03059694 ns5:ShareCapital 2025-10-31 03059694 ns5:ShareCapital 2024-10-31 03059694 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-10-31 03059694 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-10-31 03059694 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 03059694 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 03059694 ns5:PlantMachinery 2024-11-01 2025-10-31 03059694 ns5:FurnitureFittings 2024-11-01 2025-10-31 03059694 ns5:ComputerEquipment 2024-11-01 2025-10-31 03059694 ns5:PlantMachinery 2024-10-31 03059694 ns5:FurnitureFittings 2024-10-31 03059694 ns5:ComputerEquipment 2024-10-31 03059694 ns5:PlantMachinery 2025-10-31 03059694 ns5:FurnitureFittings 2025-10-31 03059694 ns5:ComputerEquipment 2025-10-31 03059694 ns5:PlantMachinery 2024-10-31 03059694 ns5:FurnitureFittings 2024-10-31 03059694 ns5:ComputerEquipment 2024-10-31 03059694 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-10-31 03059694 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-10-31 03059694 ns10:OrdinaryShareClass1 2025-10-31 03059694 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 03059694 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-10-31 03059694 ns5:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31

REGISTERED NUMBER: 03059694 (England and Wales)

Southern Counties Car Sales Limited

Unaudited Financial Statements for the Year Ended 31 October 2025

| Southern Counties Car Sales Limited (Registered number: 03059694) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Southern Counties Car Sales Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | Mr M T Baker

| Mrs S A Baker

| REGISTERED OFFICE: | Wilson House

| 48 Brooklyn Road

| Seaford

| East Sussex

| BN25 2DX

| REGISTERED NUMBER: | 03059694 (England and Wales)

| ACCOUNTANTS: | Swindells LLP

| Chartered Accountants

| Wilson House

| 48 Brooklyn Road

| Seaford

| East Sussex

| BN25 2DX

| Southern Counties Car Sales Limited (Registered number: 03059694) |

Balance Sheet

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 467 |  | 67 |  |

Investment property | 5 | 500,000 |  | 500,000 |  |

500,467 |  | 500,067 |  |

CURRENT ASSETS

Debtors | 6 | 1,945 |  | 5,224 |  |

Cash at bank | 1,429 |  | - |  |

3,374 |  | 5,224 |  |

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 7 | 74,821 |  | 72,459 |  |

NET CURRENT LIABILITIES | (71,447 | ) | (67,235 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 429,020 |  | 432,832 |  |

PROVISIONS FOR LIABILITIES | 69,119 |  | 69,019 |  |

NET ASSETS | 359,901 |  | 363,813 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 1,000 |  | 1,000 |  |

Fair value reserve | 9 | 306,143 |  | 306,143 |  |

Retained earnings | 9 | 52,758 |  | 56,670 |  |

SHAREHOLDERS' FUNDS | 359,901 |  | 363,813 |  |

| Southern Counties Car Sales Limited (Registered number: 03059694) |

Balance Sheet - continued

31 October 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2026 and were signed on its behalf by:

Mr M T Baker - Director

| Southern Counties Car Sales Limited (Registered number: 03059694) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Southern Counties Car Sales Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 fair value of certain assets.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 25% on cost

| Investment property

| Investment property is shown at fair value at each reporting date. 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 and 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.

| Southern Counties Car Sales Limited (Registered number: 03059694) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Revenue recognition

| Rental income is recognised on a receivable basis in accordance with the tenancy agreements.

| Going concern

| The directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.

| At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 November 2024 | 847 |  | 2,699 |  | 908 |  | 4,454 |  |

| Additions | - |  | - |  | 549 |  | 549 |  |

| Disposals | - |  | - |  | (414 | ) | (414 | ) |

| At 31 October 2025 | 847 |  | 2,699 |  | 1,043 |  | 4,589 |  |

| DEPRECIATION

| At 1 November 2024 | 829 |  | 2,650 |  | 908 |  | 4,387 |  |

| Charge for year | 5 |  | 7 |  | 137 |  | 149 |  |

| Eliminated on disposal | - |  | - |  | (414 | ) | (414 | ) |

| At 31 October 2025 | 834 |  | 2,657 |  | 631 |  | 4,122 |  |

| NET BOOK VALUE

| At 31 October 2025 | 13 |  | 42 |  | 412 |  | 467 |  |

| At 31 October 2024 | 18 |  | 49 |  | - |  | 67 |  |

| Southern Counties Car Sales Limited (Registered number: 03059694) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2024

| and 31 October 2025 | 500,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 500,000 |  |

| At 31 October 2024 | 500,000 |  |

| The investment property was valued on a fair value basis on 31 October 2025 by the directors.

| If the investment property had not been revalued it would have been included at a historical cost of £124,856 (2024 - £124,856).

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 639 |  | 4,044 |  |

| Other debtors | 1,306 |  | 1,180 |  |

1,945 |  | 5,224 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 1,072 |  |

| Trade creditors | 2,829 |  | - |  |

| Other creditors | 71,992 |  | 71,387 |  |

74,821 |  | 72,459 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

| Southern Counties Car Sales Limited (Registered number: 03059694) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

9. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 November 2024 | 56,670 |  | 306,143 |  | 362,813 |  |

| Deficit for the year | (3,912 | ) | - |  | (3,912 | ) |

| At 31 October 2025 | 52,758 |  | 306,143 |  | 358,901 |  |

10. | RELATED PARTY DISCLOSURES

| At the balance sheet date the company owed the directors the aggregate sum of £62,376 (2024: £61,752).The loan is interest free, unsecured and repayable on demand.