REGISTERED NUMBER: 11146203 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

South Shields Commercial Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A Slesser

REGISTERED OFFICE:

Top Floor

10 The Broadway

Leigh-On-Sea

Essex

SS9 1AW

REGISTERED NUMBER:

11146203 (England and Wales)

ACCOUNTANTS:

Vortex Accountants Limited

Top Floor

10 The Broadway

Leigh On Sea

Essex

SS9 1AW

FIXED ASSETS

Tangible assets

4

344,121

300,399

CURRENT ASSETS

Debtors

5

203

-

Cash at bank and in hand

3,874

61,450

4,077

61,450

CREDITORS

Amounts falling due within one year

6

127,834

103,022

NET CURRENT LIABILITIES

(123,757

)

(41,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

220,364

258,827

CREDITORS

Amounts falling due after more than one year

7

257,572

302,319

NET LIABILITIES

(37,208

)

(43,492

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(37,308

)

(43,592

)

(37,208

)

(43,492

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 27 August 2026 and were signed by:

Ms A Slesser - Director

1.	STATUTORY INFORMATION

South Shields Commercial Property Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Freehold property

-

Not depreciated as freehold land

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 February 2025

265,240

57,995

14,200

10,500

347,935

Additions

50,000

-

-

2,667

52,667

At 31 January 2026

315,240

57,995

14,200

13,167

400,602

DEPRECIATION

At 1 February 2025

-

40,935

3,976

2,625

47,536

Charge for year

-

4,265

2,045

2,635

8,945

At 31 January 2026

-

45,200

6,021

5,260

56,481

NET BOOK VALUE

At 31 January 2026

315,240

12,795

8,179

7,907

344,121

At 31 January 2025

265,240

17,060

10,224

7,875

300,399

Included in cost of land and buildings is freehold land of £ 315,240 (2025 - £ 265,240 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

203

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

2,695

2,612

Other creditors

125,139

100,410

127,834

103,022

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

257,572

302,319

8.	GOING CONCERN

The director consider that, not withstanding the company's negative net assets position, it is appropriate to prepare the accounts on a going concern basis that the company will be able to meet its liabilities as they fall due, due to the continuing support of the directors.