Southgate Town Hall Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08694030 (England and Wales)

Financial Statements for the Period 1 April 2020 to 30 September 2021

for

Southgate Town Hall Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D M Cox

Miss V A Cox

REGISTERED OFFICE:

19 Queen Elizabeth Street

London

SE1 2LP

REGISTERED NUMBER:

08694030 (England and Wales)

AUDITORS:

Gibsons Financial Limited

Chartered Accountants

Statutory Auditors

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

CURRENT ASSETS

Debtors

4

16,121

874,779

Cash at bank and in hand

183,895

838,403

200,016

1,713,182

CREDITORS

Amounts falling due within one year

5

(18,817

)

(43,615

)

NET CURRENT ASSETS

181,199

1,669,567

TOTAL ASSETS LESS CURRENT LIABILITIES

181,199

1,669,567

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

181,099

1,669,467

SHAREHOLDERS' FUNDS

181,199

1,669,567

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 27 July 2022 and were signed on its behalf by:

Mr D M Cox - Director

1.	STATUTORY INFORMATION

Southgate Town Hall 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.	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.

The company's accounting reference date has changed to 30 September in line with a change in the accounting reference date ot its parent undertaking. These financial statements therefore present information for the eighteen months ended 30 September 2021. The financial statements for the previous reporting period related to the twelve months ended 31 March 2020. The comparative amounts included in these financial statements may not therefore be entirely comparable with the figures for the reporting period.

The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

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.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like loans from banks and other third parties.

Taxation

Taxation for the period relates to current tax which is recognised in the Income Statement. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/21

31/3/20

£

£

Rent & service charge debtors

8,399

-

Amounts owed by group undertakings

-

841,942

Other debtors

-

30,071

VAT

85

1,000

Prepayments

7,637

1,766

16,121

874,779

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/21

31/3/20

£

£

Taxation

2,728

7,897

Other creditors

-

1,033

Accrued expenses

1,987

1,410

Deferred income

14,102

33,275

18,817

43,615

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/21

31/3/20

value:

£

£

100

Ordinary

£1

100

100

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Ogunsola FCA (Senior Statutory Auditor)

for and on behalf of Gibsons Financial Limited

8.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary undertaking of Hollybrook (UK) Ltd, incorporated in England.