REGISTERED NUMBER: 00567878 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Southams of Haworth Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

D Southam

Mrs M Hall

SECRETARY:

Mrs M Hall

REGISTERED OFFICE:

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

REGISTERED NUMBER:

00567878 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

5

262,671

269,219

Investment property

6

254,240

429,240

516,911

698,459

CURRENT ASSETS

Stocks

109,804

110,464

Debtors

7

688

745

Cash at bank and in hand

52,977

43,146

163,469

154,355

CREDITORS

Amounts falling due within one year

8

55,130

64,425

NET CURRENT ASSETS

108,339

89,930

TOTAL ASSETS LESS CURRENT LIABILITIES

625,250

788,389

CREDITORS

Amounts falling due after more than one year

9

(251,469

)

(388,629

)

PROVISIONS FOR LIABILITIES

(13,485

)

(18,297

)

NET ASSETS

360,296

381,463

CAPITAL AND RESERVES

Called up share capital

11

2,540

2,540

Retained earnings

357,756

378,923

SHAREHOLDERS' FUNDS

360,296

381,463

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2026 and were signed on its behalf by:

Mrs M Hall - Director

D Southam - Director

1.	STATUTORY INFORMATION

Southams of Haworth 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Plant and machinery

10% Reducing balance

Fixtures and fittings

10% Reducing balance

Motor vans

25% Reducing balance

Computer Equipment

33.3% Straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2025 - 21 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

and 31 March 2026

218,796

114,526

200,903

DEPRECIATION

At 1 April 2025

-

108,389

166,567

Charge for year

-

613

3,434

At 31 March 2026

-

109,002

170,001

NET BOOK VALUE

At 31 March 2026

218,796

5,524

30,902

At 31 March 2025

218,796

6,137

34,336

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

30,992

24,092

589,309

DEPRECIATION

At 1 April 2025

21,186

23,948

320,090

Charge for year

2,451

50

6,548

At 31 March 2026

23,637

23,998

326,638

NET BOOK VALUE

At 31 March 2026

7,355

94

262,671

At 31 March 2025

9,806

144

269,219

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

429,240

Disposals

(175,000

)

At 31 March 2026

254,240

NET BOOK VALUE

At 31 March 2026

254,240

At 31 March 2025

429,240

Included in fair value of investment property is freehold land of £ 254,340 (2025 - £ 429,240 ) which is not depreciated.

The directors confirm that the valuation of £254,240 is the fair value of the investment property as at 31st March 26.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Prepayments

688

745

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

8,721

7,445

Trade creditors

11,040

25,113

Tax

9,625

9,410

Social security and other taxes

3,612

1,938

Pension control

56

31

Wages control

2,775

2,859

VAT

4,120

4,692

Other creditors

1,500

1,500

Directors' current accounts

10,441

8,267

Accrued expenses

3,240

3,170

55,130

64,425

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

6,688

5,799

Mortgages

113,243

244,690

Bank loans - 2-5 years

23,678

20,533

Bank loans more 5 yr by instal

107,860

117,607

251,469

388,629

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

107,860

117,607

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

260,190

396,074

The loans are secured by way of a fixed charge on the properties acquired and the gross rents licence fees plus a floating charge over the company's other properties and assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

2,500

Ordinary

£1

2,500

2,500

40

Ordinary A

£1

40

40

2,540

2,540

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 Southams of Haworth Limited for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Southams of Haworth 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 Southams of Haworth Limited and state those matters that we have agreed to state to the Board of Directors of Southams of Haworth 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 Southams of Haworth Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Southams of Haworth 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 Southams of Haworth Limited. You consider that Southams of Haworth 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 Southams of Haworth 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.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

3 September 2026