REGISTERED NUMBER: 15444369 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

Southern Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Spurway

REGISTERED OFFICE:

128a Park Avenue

Purbrook

Waterlooville

Hampshire

PO7 5DP

REGISTERED NUMBER:

15444369 (England and Wales)

ACCOUNTANTS:

AM-PM Accounting Solutions Limited

Building 6000

Langstone Technology Park

Langstone Road

Havant

Hampshire

PO9 1SA

FIXED ASSETS

Tangible assets

4

443,260

21,203

Investments

5

10,750

-

454,010

21,203

CURRENT ASSETS

Debtors

6

1,809,015

719,178

Cash at bank

1,360,192

175,916

3,169,207

895,094

CREDITORS

Amounts falling due within one year

7

2,177,972

586,047

NET CURRENT ASSETS

991,235

309,047

TOTAL ASSETS LESS CURRENT LIABILITIES

1,445,245

330,250

PROVISIONS FOR LIABILITIES

110,815

5,301

NET ASSETS

1,334,430

324,949

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,334,330

324,849

1,334,430

324,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 July 2026 and were signed by:

G Spurway - Director

1.	STATUTORY INFORMATION

Southern Projects 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Other tangible assets

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Other

Fixtures

tangible

Plant and

and

assets

machinery

fittings

£

£

£

COST

At 1 May 2025

-

10,846

-

Additions

25,000

234,617

2,827

Disposals

-

(3,150

)

-

At 30 April 2026

25,000

242,313

2,827

DEPRECIATION

At 1 May 2025

-

2,169

-

Charge for year

5,000

48,029

565

At 30 April 2026

5,000

50,198

565

NET BOOK VALUE

At 30 April 2026

20,000

192,115

2,262

At 30 April 2025

-

8,677

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2025

14,000

1,952

26,798

Additions

311,399

6,440

580,283

Disposals

(43,000

)

-

(46,150

)

At 30 April 2026

282,399

8,392

560,931

DEPRECIATION

At 1 May 2025

2,800

626

5,595

Charge for year

55,920

2,562

112,076

At 30 April 2026

58,720

3,188

117,671

NET BOOK VALUE

At 30 April 2026

223,679

5,204

443,260

At 30 April 2025

11,200

1,326

21,203

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.4.26

30.4.25

£

£

Other fixed assets additions

10,750

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade debtors

1,080,430

557,742

Amounts owed by group undertakings

565,000

-

Other debtors

163,585

161,436

1,809,015

719,178

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade creditors

1,504,966

344,314

Taxation and social security

288,815

51,183

Other creditors

384,191

190,550

2,177,972

586,047

8.	ULTIMATE CONTROLLING PARTY

The controlling party is G Spurway.