Registered number
09126615
Southern Territory (UK) Limited
Filleted Accounts for the year ended
31 July 2025

Southern Territory (UK) Limited
Registered number: | 09126615
Balance Sheet
as at 31 July 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 4,232,250 |  |  | 4,006,928
Investments | 4 |  |  | 441,711 |  |  | 441,711
|  |  |  | 4,673,961 |  |  | 4,448,639
Current assets
Stocks |  |  | 2,385,812 |  |  | 1,429,827
Debtors | 5 |  | 4,123,799 |  |  | 4,057,570
Cash at bank and in hand |  |  | 2,663 |  |  | 19,879
|  |  | 6,512,274 |  |  | 5,507,276
Creditors: amounts falling due within one year | 6 |  | (9,419,909) |  |  | (5,555,965)
Net current liabilities |  |  |  | (2,907,635) |  |  | (48,689)
Total assets less current liabilities |  |  |  | 1,766,326 |  |  | 4,399,950
Creditors: amounts falling due after more than one year | 7 |  |  | (1,578,478) |  |  | (3,909,017)
Net assets |  |  |  | 187,848 |  |  | 490,933
Capital and reserves
Called up share capital |  |  |  | 10 |  |  | 10
Profit and loss account |  |  |  | 187,838 |  |  | 490,923
Shareholders' funds |  |  |  | 187,848 |  |  | 490,933
The director is 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 director acknowledges his 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.
A Alexandrou
Director
Approved by the board on 20 April 2026

Southern Territory (UK) Limited
Notes to the Accounts
for the year ended 31 July 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 the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| 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:
| Investment property | NIL
| Investment property are stated at their fair market values.
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| 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.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Investment property
£
| Cost/fair value
| At 1 August 2024 | 4,006,928
| Additions | 225,322
| At 31 July 2025 | 4,232,250
| Depreciation
| At 31 July 2025 | -
| Net book value/fair value
| At 31 July 2025 | 4,232,250
| At 31 July 2024 | 4,006,928
| The director considers the cost value of property investments to be similar to the fair value.
4 | Investments
Other
investments
£
| Cost
| At 1 August 2024 | 441,711
| At 31 July 2025 | 441,711
5 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 577,548 |  | 570,664
| Amounts owed by associated companies |  | 3,516,075 |  | 3,450,538
| Other loans |  |  |  |  | 2,500 |  | 2,500
| Prepayments |  |  |  |  | 14,509 |  | 14,426
| VAT refund due | 13,167 |  | 19,442
|  |  |  |  |  | 4,123,799 |  | 4,057,570
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 3,358,208 |  | 217,499
| Trade creditors | 420,525 |  | 671,594
| Amounts owed to associated companies |  | 5,633,136 |  | 4,650,888
| Other creditors | 8,040 |  | 15,984
|  |  |  |  |  | 9,419,909 |  | 5,555,965
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 1,578,478 |  | 3,909,017
8 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | 741,478 |  | 741,540
| Secured bank loans | 4,936,686 |  | 4,126,516
| Bank and other loans are secured by way of fixed legal charge and floating charge over the property and assets of the company. There is also a personal guarantee on these loans totalling £3,493,000 from the director A Alexandrou and/or £3,410,000 from a company Waterhouse Property Investments Ltd.
9 | Related party transactions
| During the year, the following companies in which the director A Alexandrou holds an interest, had loaned the following amounts to Southern Territory (UK) Limited: Southern Territory Limited - £4,608,292 (2024 - £1,601,886) Atlantic Developments (Cudworth) Limited - £186,250 (2024 - £192,450) Atlantic Lodge (Housing) Limited - £Nil (2024 - £1,248,482) Atlantic (Hertford) Limited - £459,400 (2024 - £450,700) Icospec Limited - £329,194 (2024 - £325,194) Real Properties Limited - £50,000 (2024 - £50,000) Friday Hill House Limited - £0 (2024 - £782,176) These amounts are included in "Amounts owed to associated companies". These loans are made on an interest free basis with no set repayment date. During the year, the following companies in which the director A Alexandrou holds an interest, had been loaned the following amounts from Southern Territory (UK) Limited: Marlyn Properties Limited - £402,627 (2024 - £417,000) STUK02 Ltd - £10,500 (2024 - £8,100) STUK03 Ltd - £26,000 (2024 - £5,000) STUK04 Ltd - £6,480 (2024 - £6,480) STUK05 Ltd - £294,571 (2024 - £300,321) STUK06 Ltd - £118,667 (2024 - £118,667) STUK07 Ltd - £1,587,570 (2024 - £1,587,570) STUK10 Ltd - £690,410 (2024 - £664,400) STUK11 Ltd - £3,000 (2024 - £3,000) GK Phoenix Limited - £346,300 (2024 - £340,000) Friday Hill House Limited - £29,950 (2024 - £Nil) These amounts are included in "Amounts owed by associated companies". These loans are made on an interest free basis with no set repayment date .
10 | Controlling party
| The ultimate controlling party is the director A Alexandrou who with family holds 100% of the shares.
11 | Other information
| Southern Territory (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Atlantic Business Centre
| 1 The Green
| London
| E4 7ES

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