Company Registration No. 07808776 (England and Wales)
South Coast Finance Limited
Unaudited accounts
for the year ended 31 October 2025
South Coast Finance Limited
Unaudited accounts
Contents
South Coast Finance Limited
Company Information
for the year ended 31 October 2025
Director
Mr Simon Hallworth
Company Number
07808776 (England and Wales)
Registered Office
Curls Cottage
Ripe's Lane
Ripe
East Sussex
BN66AP
England
South Coast Finance Limited
Statement of financial position
as at 31 October 2025
Investments
447,000
447,000
Cash at bank and in hand
541
1,448
Creditors: amounts falling due within one year
(332,945)
(331,471)
Net current liabilities
(329,569)
(327,188)
Total assets less current liabilities
117,474
119,870
Creditors: amounts falling due after more than one year
-
(1,885)
Net assets
117,474
117,985
Called up share capital
100
100
Profit and loss account
117,374
117,885
Shareholders' funds
117,474
117,985
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 21 June 2026 and were signed on its behalf by
Mr Simon Hallworth
Director
Company Registration No. 07808776
South Coast Finance Limited
Notes to the Accounts
for the year ended 31 October 2025
South Coast Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 07808776. The registered office is Curls Cottage, Ripe's Lane, Ripe, East Sussex, BN66AP, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on Written Down Value
4
Tangible fixed assets
Plant & machinery
South Coast Finance Limited
Notes to the Accounts
for the year ended 31 October 2025
5
Investments
Other investments
Valuation at 1 November 2024
447,000
Valuation at 31 October 2025
447,000
The investments are subject to a devaluation following the Administration of the investment company. The Director is working with the Administrator and the expected return is at present unknown. No reserve at present has been made.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
3,055
Other creditors
332,945
328,416
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).