REGISTERED NUMBER: 03254202 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

South Staffs Commercials Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

N C Whorton

R E Brayshaw

SECRETARY:

R E Brayshaw

REGISTERED OFFICE:

Unit 0, Birch Lane Business Park

Birch Lane

Aldridge

Walsall

WS9 0NF

REGISTERED NUMBER:

03254202 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

4

2,623,807

2,382,062

CURRENT ASSETS

Debtors

5

69,657

31,236

Cash at bank

85,289

51,737

154,946

82,973

CREDITORS

Amounts falling due within one year

6

(1,267,558

)

(1,842,315

)

NET CURRENT LIABILITIES

(1,112,612

)

(1,759,342

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,511,195

622,720

CREDITORS

Amounts falling due after more than one year

7

(32,406

)

(41,753

)

NET ASSETS

1,478,789

580,967

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,478,689

580,867

SHAREHOLDERS' FUNDS

1,478,789

580,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by:

N C Whorton - Director

1.	STATUTORY INFORMATION

South Staffs Commercials 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.

Turnover

Turnover represents rental income receivable from Property investments.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

1,925,438

492,814

2,418,252

Additions

254,165

6,333

260,498

At 31 March 2026

2,179,603

499,147

2,678,750

DEPRECIATION

At 1 April 2025

-

36,190

36,190

Charge for year

-

18,753

18,753

At 31 March 2026

-

54,943

54,943

NET BOOK VALUE

At 31 March 2026

2,179,603

444,204

2,623,807

At 31 March 2025

1,925,438

456,624

2,382,062

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

48,990

DEPRECIATION

At 1 April 2025

2,040

Charge for year

11,730

At 31 March 2026

13,770

NET BOOK VALUE

At 31 March 2026

35,220

At 31 March 2025

46,950

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

38,554

28,097

Other debtors

31,103

3,139

69,657

31,236

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

4,759

9,000

Hire purchase contracts

8,687

8,687

Trade creditors

15,390

11,981

Amounts owed to group undertakings

469,169

1,170,979

Amounts owed to participating interests

183,521

134,432

Taxation and social security

51,975

20,720

Other creditors

534,057

486,516

1,267,558

1,842,315

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

5,095

Hire purchase contracts

32,406

36,658

32,406

41,753

8.	SECURED DEBTS

N C Whorton, B R Whorton, I W Whorton, and S F Whorton-Eales hold a charge over 33 Market Square, Rugeley, Staffordshire.

N C Whorton, B R Whorton, I W Whorton, and S F Whorton-Eales hold a charge over Land and Buildings at the south west side of Redbrook Lane, Rugeley, Staffordshire.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

At 31 March 2026, South Staffs Commercial Limited owed the Director N C Whorton £74,960 (31 March

2025 - £158,417).

At 31 March 2026, South Staffs Commercial Limited owed the Director R E Brayshaw £98,139 (31 March 2025 - £nil)

At 31 March 2026 South Staffs Commercial Limited owed £7,319 (31 March 2025 - £19,437) to B R Whorton Transport Limited, a company the Director N C Whorton is also director and shareholder.

At 31 March 2026, South Staffs Commercial Limited owed £13,500 (included in Trade Creditors) to B R Whorton Transport Limited. During the year there were £66,004 purchases from B R Whorton Transport Limited.(£17,294 2025)

At 31 March 2026, South Staffs Commercial Limited owes £469,167 (31 March 2025 - £393,007) to South Staffs Investments Limited.

At 31 March 2026, South Staffs Commercial Limited owes Midshire Associated Properties £196,789 (31 March 2025 - £208,065)

.

At 31 March 2026, South Staffs Commercial Limited owes South Staffs Properties Limited £176,202 (31 March 2025 - £115,000).

At 31 March 2026, South Staffs Commercial Limited owed £347 (included in Trade Creditors) to South Staffs Properties Limited (£Nil 2025). During the year there were £3,081 purchases from South Staffs Properties Limited (£2,598 2025).

At 31 March 2026, South Staffs Commercial Limited owes South Staffs Freight Limited £nil (31 March 2025 - £777,972).

At 31 March 2026, South Staffs Commercial Limited was owed £8,728 (included in Trade Debtors) from South Staffs Freight Terminal Limited (£Nil 2025). During the year there were £7,273 sales to South Staffs Freight Terminal (£Nil 2025).

At 31 March 2026, South Staffs Commercial Limited was owed £194 (included in Trade Debtors) from South Staffs Freight Services Limited (£Nil 2025). During the year there were £194 sales to South Staffs Freight Terminal (£Nil)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of South Staffs Commercials Limited for the year ended 31 March 2026 which comprise the Profit and loss, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of South Staffs Commercials Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of South Staffs Commercials Limited and state those matters that we have agreed to state to the Board of Directors of South Staffs Commercials Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than South Staffs Commercials Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that South Staffs Commercials Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of South Staffs Commercials Limited. You consider that South Staffs Commercials Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of South Staffs Commercials Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

22 June 2026