| Southern Cross Britannia Limited |
| Registered number: |
10596351 |
| Balance Sheet |
| as at 28 February 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
57,127 |
|
|
23,698 |
|
| Current assets |
| Debtors |
4 |
|
25,752 |
|
|
- |
| Cash at bank and in hand |
|
|
36,535 |
|
|
186,914 |
|
|
|
62,287 |
|
|
186,914 |
|
| Creditors: amounts falling due within one year |
5 |
|
(29,371) |
|
|
(27,724) |
|
| Net current assets |
|
|
|
32,916 |
|
|
159,190 |
|
| Total assets less current liabilities |
|
|
|
90,043 |
|
|
182,888 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(485,555) |
|
|
(271,410) |
|
|
|
| Net liabilities |
|
|
|
(395,512) |
|
|
(88,522) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
(396,512) |
|
|
(89,522) |
|
| Shareholder's funds |
|
|
|
(395,512) |
|
|
(88,522) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C Mobius |
| Director |
| Approved by the board on 10 November 2022 |
|
| Southern Cross Britannia Limited |
| Notes to the Accounts |
| for the year ended 28 February 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixed assets |
18% reducing balance basis |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 March 2021 |
2,475 |
|
26,871 |
|
29,346 |
|
Additions |
15,660 |
|
30,309 |
|
45,969 |
|
At 28 February 2022 |
18,135 |
|
57,180 |
|
75,315 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2021 |
811 |
|
4,837 |
|
5,648 |
|
Charge for the year |
3,118 |
|
9,422 |
|
12,540 |
|
At 28 February 2022 |
3,929 |
|
14,259 |
|
18,188 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2022 |
14,206 |
|
42,921 |
|
57,127 |
|
At 28 February 2021 |
1,664 |
|
22,034 |
|
23,698 |
|
|
| 4 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
25,752 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Pension |
|
|
|
|
83 |
|
- |
|
Taxation and social security costs |
2,264 |
|
- |
|
Other creditors |
27,024 |
|
27,724 |
|
|
|
|
|
|
29,371 |
|
27,724 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Other creditors |
485,555 |
|
271,410 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
Included Inter Comapny transfred at the balance sheet date is an amount of £ 25751.51(2021: £0) due from Humbolt Minerals Limited. A company in which the director,C.Mobius , is director and shareholder. |
|
|
| 8 |
Other information |
|
|
Southern Cross Britannia Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
71-75 Shelton Street |
|
London |
|
WC2H 9JQ |
