REGISTERED NUMBER: 09796107 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

South Street Holdings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

-

1,195

Investments

5

200

200

Investment property

6

865,992

865,992

866,192

867,387

CURRENT ASSETS

Debtors

7

398,000

398,000

Cash at bank

3,076

57

401,076

398,057

CREDITORS

Amounts falling due within one year

8

(343,569

)

(285,876

)

NET CURRENT ASSETS

57,507

112,181

TOTAL ASSETS LESS CURRENT LIABILITIES

923,699

979,568

CREDITORS

Amounts falling due after more than one year

9

(849,472

)

(903,797

)

PROVISIONS FOR LIABILITIES

(12,633

)

(12,860

)

NET ASSETS

61,594

62,911

CAPITAL AND RESERVES

Called up share capital

200

200

Fair value reserve

11

53,858

53,858

Retained earnings

7,536

8,853

SHAREHOLDERS' FUNDS

61,594

62,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

Mr R Stewart - Director

1.	STATUTORY INFORMATION

South Street Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09796107

Registered office:

21 Queens Road

Brighton

East Sussex

BN1 3XA

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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Other operating income

Other operating income is measured at the fair value of the consideration received or receivable and trade discounts.

Rental income is recognised in line with respective lease agreements. Dividend income is recognised as the company's right to receive payment is established.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

and 31 December 2025

5,975

DEPRECIATION

At 1 January 2025

4,780

Charge for year

1,195

At 31 December 2025

5,975

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

1,195

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

200

NET BOOK VALUE

At 31 December 2025

200

At 31 December 2024

200

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

865,992

NET BOOK VALUE

At 31 December 2025

865,992

At 31 December 2024

865,992

Fair value at 31 December 2025 is represented by:

£

Valuation in 2021

66,491

Cost

799,501

865,992

If the London property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

433,509

433,509

The London property was valued on an open market basis on 31 December 2025 by the directors at £500,000 .

The Brighton property is considered to be valued at £365,000 (2024: £365,000) by the directors with their knowledge of the current market. No fair value adjustment is deemed necessary at 31 December 2025 as the cost value is £365,992.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

398,000

398,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

55,250

55,250

Amounts owed to group undertakings

287,590

229,917

Taxation and social security

-

14

Other creditors

729

695

343,569

285,876

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

849,472

903,797

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

628,472

682,797

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

904,722

959,047

The bank loans are secured on the property to which they relate.

11.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 December 2025

53,858

The fair value reserve consists of investment property of £66,491 and a deferred tax liability of £12,663.