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Registered number: 08573906
First Class Southampton Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Genio Accountants
33a Portsmouth Road
Southampton
Hampshire
SO19 9BA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08573906
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 439,103 689,904
Tangible Assets 5 600 1,604
439,703 691,508
CURRENT ASSETS
Stocks 6 500 500
Debtors 7 121,504 78,638
Cash at bank and in hand 1,301 2,642
123,305 81,780
Creditors: Amounts Falling Due Within One Year 8 (719,616 ) (582,143 )
NET CURRENT ASSETS (LIABILITIES) (596,311 ) (500,363 )
TOTAL ASSETS LESS CURRENT LIABILITIES (156,608 ) 191,145
Creditors: Amounts Falling Due After More Than One Year 9 (355,967 ) (575,335 )
NET LIABILITIES (512,575 ) (384,190 )
CAPITAL AND RESERVES
Called up share capital 10 121,000 121,000
Profit and Loss Account (633,575 ) (505,190 )
SHAREHOLDERS' FUNDS (512,575) (384,190)
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B Linehan
Director
23rd June 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
First Class Southampton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08573906 . The registered office is 36 London Road, Southampton, SO15 2AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful ilfe of five years.  The acquisition of a business in 2015 is now fully amortised.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to the Franchise Fee paid in July 2013. This is now fully amortised.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold In accordance with the property
Plant & Machinery 33% Straight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was 5 (2024: 5)
5 5
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2025 1,431,671 23,004 1,454,675
As at 31 December 2025 1,431,671 23,004 1,454,675
Amortisation
As at 1 January 2025 741,767 23,004 764,771
Impairment losses 250,801 - 250,801
As at 31 December 2025 992,568 23,004 1,015,572
Net Book Value
As at 31 December 2025 439,103 - 439,103
As at 1 January 2025 689,904 - 689,904
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Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 15,199 419 35,355 60,193 111,166
As at 31 December 2025 15,199 419 35,355 60,193 111,166
Depreciation
As at 1 January 2025 15,199 419 34,156 59,788 109,562
Provided during the period - - 599 405 1,004
As at 31 December 2025 15,199 419 34,755 60,193 110,566
Net Book Value
As at 31 December 2025 - - 600 - 600
As at 1 January 2025 - - 1,199 405 1,604
6. Stocks
2025 2024
£ £
Stock 500 500
7. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 6,705 1,176
Other debtors 1,612 1,540
Directors' loan accounts 113,187 75,922
121,504 78,638
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,004 7,727
Bank loans and overdrafts 194,289 209,710
Corporation tax 64,540 56,901
Other taxes and social security 8,627 2,596
VAT 23,836 17,050
Other creditors 40,287 37,011
Accruals and deferred income 31,475 1,375
Amounts owed to subsidiaries 344,558 249,773
719,616 582,143
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 195,967 385,335
Other creditors 160,000 190,000
355,967 575,335
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 121,000 121,000
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Brian Linehan 37,961 56,593 37,961 - 56,594
Mrs Loretto Linehan 37,961 56,594 37,961 - 56,594
The above loan is unsecured, interest free and repayable on demand.
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