Company Registration No. 00969277 (England and Wales)
Southcombe Limited
Unaudited Financial Statements
for the year ended 31 December 2025
Southcombe Limited
Unaudited Financial Statements
Contents
Southcombe Limited
Statement of financial position
as at 31 December 2025
Tangible assets
1,428,861
1,423,176
Cash at bank and in hand
173,557
91,878
Creditors: amounts falling due within one year
(341,951)
(330,682)
Net current liabilities
(88,495)
(122,459)
Net assets
1,340,366
1,300,717
Called up share capital
10,000
10,000
Profit and loss account
1,330,366
1,290,717
Shareholders' funds
1,340,366
1,300,717
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by
Mr A R Woodland
Director
Company Registration No. 00969277
Southcombe Limited
Notes to the Accounts
for the year ended 31 December 2025
Southcombe Limited is a private company, limited by shares, registered in England and Wales, registration number 00969277. The registered office is 21 Mulligan Drive, The Rydons, Exeter, Devon, EX2 7SJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Southcombe Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
1,369,744
18,206
337,604
5,047
1,730,601
Additions
16,328
-
3,760
-
20,088
Disposals
-
(17,995)
-
-
(17,995)
At 31 December 2025
1,386,072
211
341,364
5,047
1,732,694
At 1 January 2025
-
14,885
288,113
4,427
307,425
Charge for the year
-
30
10,650
520
11,200
On disposals
-
(14,792)
-
-
(14,792)
At 31 December 2025
-
123
298,763
4,947
303,833
At 31 December 2025
1,386,072
88
42,601
100
1,428,861
At 31 December 2024
1,369,744
3,321
49,491
620
1,423,176
Amounts falling due within one year
Trade debtors
2,010
10,046
Amounts due from group undertakings etc.
50,000
70,000
Accrued income and prepayments
24,158
32,712
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
90,251
78,982
Amounts owed to group undertakings and other participating interests
250,000
250,000
Other creditors
1,700
1,700
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
The company has provided an unlimited guarantee for the bank borrowings of Saumarez Park Hotel Limited. No balances were outstanding as at 31 December 2024 and in the opinion of the directors no liability is likely to arise as a result of this guarantee.
Southcombe Limited
Notes to the Accounts
for the year ended 31 December 2025
9
Transactions with related parties
The Company is related to Saumarez Park Hotel Limited, Summerland Nursing Services Limited, Guernsey Nursing Homes Limited, Hermanus Limited and Peline Property & Investment Company Limited.
During the year the company paid £100,000 to Saumarez Park Hotel Limited for rent.
The amounts due to related companies at 31 December 2025 are as follows:-
Guernsey Care Homes (Holdings) Limited - £50,000
All transactions were on normal trading terms and at arm's length.
The company is wholly owned by Guernsey Care Homes (Holdings) Limited, which is owned by Epinel Investments Limited, which in turn, is owned by The John Ramplin Charitable Trust.
11
Average number of employees
During the year the average number of employees was 30 (2024: 32).