Registration number: 00477349

Southern United Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Southern United Limited

Company Information

Directors

RA Wright AD Wright

Registered office

Maria House 35 Millers Road Brighton BN1 5NP

Accountants

Chisnall Comer Ismail & Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

Southern United Limited

(Registration number: 00477349)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	15,593	5,570
Current assets
Stocks	5	2,853	2,853
Debtors	6	187,983	149,571
Cash at bank and in hand		269,077	176,678
		459,913	329,102
Creditors: Amounts falling due within one year	7	(240,229)	(182,724)
Net current assets		219,684	146,378
Net assets		235,277	151,948
Capital and reserves
Called up share capital	10	2,000	2,000
Retained earnings		233,277	149,948
Shareholders' funds		235,277	151,948

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Southern United Limited

(Registration number: 00477349)
Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 12 October 2026 and signed on its behalf by:



 

.........................................

AD Wright

Director

Southern United Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Southern United Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Straight line
Fixtures and fittings	25% Straight line
Office equipment	33% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Southern United Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2025 - 22).

Southern United Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2025	25,804	231,844	257,648
Additions	4,652	13,250	17,902
At 31 March 2026	30,456	245,094	275,550
Depreciation
At 1 April 2025	23,179	228,899	252,078
Charge for the year	3,094	4,785	7,879
At 31 March 2026	26,273	233,684	259,957
Carrying amount
At 31 March 2026	4,183	11,410	15,593
At 31 March 2025	2,625	2,945	5,570

5

Stocks

	2026 £	2025 £
Other inventories	2,853	2,853

6

Debtors

Current	2026 £	2025 £
Trade debtors	185,717	147,346
Prepayments	2,266	2,225
	187,983	149,571

Southern United Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		23,743	20,080
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	72,675	67,848
Taxation and social security		135,110	86,458
Accruals and deferred income		8,120	5,020
Other creditors		581	3,318
		240,229	182,724

8

Dividends

		2026		2025
		£		£
Interim dividend of £62.00 (2025 - £63.00) per ordinary share		124,000		126,000

9	Related party transactions

Summary of transactions with parent

Sunited Ltd Included in expenses are licence fees payable amounting to £65,914 (2025 - £58,874), and rent payable of £30,000 (2025 - £30,000) to Sunited Ltd during the year.

Loan due to Sunited Ltd at the year end amounted to £72,675 (2025 - £67,849)

10	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	2,000	2,000	2,000	2,000

Southern United Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

11	Parent and ultimate parent undertaking

The company's immediate parent is Sunited Ltd, incorporated in England and Wales.

 The ultimate parent is A D Wright Ltd, incorporated in England and Wales.