REGISTERED NUMBER: 10472629 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

SOUTH HAVEN PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr M R Seldon

Mrs J Seldon

Registered office:

82a James Carter Road

Mildenhall

Suffolk

IP28 7DE

Registered number:

10472629 (England and Wales)

Accountants:

M Squared Accounting Ltd

Botley Mills

Mill Hill

Botley

Southampton

Hampshire

SO30 2GB

Fixed assets

Tangible assets

4

985,310

986,095

Current assets

Debtors

5

6,330

7,135

Cash at bank and in hand

12,713

9,077

19,043

16,212

Creditors

Amounts falling due within one year

6

55,956

65,520

Net current liabilities

(36,913

)

(49,308

)

Total assets less current liabilities

948,397

936,787

Creditors

Amounts falling due after more than one year

7

653,278

655,333

Net assets

295,119

281,454

Capital and reserves

Called up share capital

100

100

Revaluation reserve

8

394,773

394,773

Retained earnings

(99,754

)

(113,419

)

295,119

281,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

Mrs J Seldon - Director

Mr M R Seldon - Director

1.	STATUTORY INFORMATION

South Haven Property 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors considers that, notwithstanding the company's negative net assets position, it is appropriate to prepare the accounts on a going concern basis as the company will be able to continue to meet its liabilities as they fall due, due to the continuing support of the directors.

Tangible fixed assets

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

Freehold property

-

not provided

Improvements to property

-

not provided

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 December 2024

955,001

28,762

8,868

4,694

997,325

Additions

-

-

-

385

385

At 30 November 2025

955,001

28,762

8,868

5,079

997,710

DEPRECIATION

At 1 December 2024

-

-

7,572

3,658

11,230

Charge for year

-

-

324

846

1,170

At 30 November 2025

-

-

7,896

4,504

12,400

NET BOOK VALUE

At 30 November 2025

955,001

28,762

972

575

985,310

At 30 November 2024

955,001

28,762

1,296

1,036

986,095

Cost or valuation at 30 November 2025 is represented by:

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2024

140,000

-

-

-

140,000

Valuation in 2019

254,774

-

-

-

254,774

Cost

560,227

28,762

8,868

5,079

602,936

955,001

28,762

8,868

5,079

997,710

If freehold property had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

560,227

560,227

Freehold property were valued on an open market basis on 24 June 2024 by Paragon and Fleet Mortgages .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,330

7,135

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,921

1,921

Other creditors

54,035

63,599

55,956

65,520

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

653,278

655,333

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

645,595

647,650

8.

RESERVES

Revaluation

reserve

£

At 1 December 2024

and 30 November 2025

394,773

9.	ULTIMATE CONTROLLING PARTY

Mr M and Mrs J Seldon have joint control over the operation of the business.