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Registered number: 02564828
Southrope Developments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02564828
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,975,000 5,800,000
Investments 5 226,002 226,002
7,201,002 6,026,002
CURRENT ASSETS
Stocks 6 543,222 512,489
Debtors 7 688,516 82,392
Cash at bank and in hand 1,462,534 824,813
2,694,272 1,419,694
Creditors: Amounts Falling Due Within One Year 8 (752,582 ) (519,335 )
NET CURRENT ASSETS (LIABILITIES) 1,941,690 900,359
TOTAL ASSETS LESS CURRENT LIABILITIES 9,142,692 6,926,361
Creditors: Amounts Falling Due After More Than One Year 9 (245,438 ) (245,438 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (668,608 ) (374,608 )
NET ASSETS 8,228,646 6,306,315
CAPITAL AND RESERVES
Called up share capital 265,002 265,002
Fair value reserve 10 2,442,214 1,561,214
Profit and Loss Account 5,521,430 4,480,099
SHAREHOLDERS' FUNDS 8,228,646 6,306,315
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs S F C L Jervoise
Director
Mr J T L Jervoise
Director
19 November 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Southrope Developments Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 02564828 . The registered office is The Estate Office, Herriard Park, Basingstoke, Hampshire, RG25 2PL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
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.
2.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs
in bringing stocks to their present location and condition.
2.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
Deferred tax 
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.8. Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measure at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2.9. Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2024 5,800,000
Revaluation 1,175,000
As at 31 March 2025 6,975,000
Net Book Value
As at 31 March 2025 6,975,000
As at 1 April 2024 5,800,000
Page 4
Page 5
5. Investments
Subsidiaries Unlisted Total
£ £ £
Cost or Valuation
As at 1 April 2024 201,000 25,002 226,002
As at 31 March 2025 201,000 25,002 226,002
Provision
As at 1 April 2024 - - -
As at 31 March 2025 - - -
Net Book Value
As at 31 March 2025 201,000 25,002 226,002
As at 1 April 2024 201,000 25,002 226,002
6. Stocks
2025 2024
£ £
Work in progress 543,222 512,489
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 31,166 39,941
Other debtors 657,350 42,451
688,516 82,392
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,643 4,223
Amounts owed to group undertakings 336,297 336,297
Other creditors 66,330 68,385
Taxation and social security 345,312 110,430
752,582 519,335
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 245,438 245,438
Page 5
Page 6
10. Reserves
Fair Value Reserve
£
As at 1 April 2024 1,561,214
Transfer to profit and loss 881,000
As at 31 March 2025 2,442,214
11. Related Party Transactions
As at 31 March 2025 a balance of £245,438 (2024: £245,438) was due to a director which has not been
concluded under normal market conditions.
Page 6