ACCOUNTS - Final Accounts preparation

SOUTHERN UTILITIES (HOLDINGS) LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 Utilities Trust of Australia NatWest Group Pension Fund Régime de Rentes du Mouvement Desjardins Desjardins Financial Security Life Assurance Company Certas Home and Auto Insurance Companytrue2021-04-01HDF (UK) Holdings LimitedRocfort Road, Snodland, Kent, ME6 5AHtrue00true 02049449 2021-04-01 2022-03-31 02049449 2020-04-01 2021-03-31 02049449 2022-03-31 02049449 2021-03-31 02049449 c:CompanySecretary1 2021-04-01 2022-03-31 02049449 c:Director1 2021-04-01 2022-03-31 02049449 c:Director1 2022-03-31 02049449 c:Director2 2021-04-01 2022-03-31 02049449 c:Director2 2022-03-31 02049449 c:RegisteredOffice 2021-04-01 2022-03-31 02049449 d:Non-currentFinancialInstruments 2022-03-31 02049449 d:Non-currentFinancialInstruments 2021-03-31 02049449 d:ShareCapital 2022-03-31 02049449 d:ShareCapital 2021-03-31 02049449 d:RetainedEarningsAccumulatedLosses 2022-03-31 02049449 d:RetainedEarningsAccumulatedLosses 2021-03-31 02049449 c:OrdinaryShareClass1 2021-04-01 2022-03-31 02049449 c:OrdinaryShareClass1 2022-03-31 02049449 c:OrdinaryShareClass1 2021-03-31 02049449 c:EntityHasNeverTraded 2021-04-01 2022-03-31 02049449 c:FRS101 2021-04-01 2022-03-31 02049449 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 02049449 c:FullAccounts 2021-04-01 2022-03-31 02049449 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02049449

Southern Utilities (Holdings) Limited

Unaudited

Annual report and financial statements

for the period ended 31 March 2022


Southern Utilities (Holdings) Limited

Contents

	Page
Company information	1
Directors' report	2
Statement of financial position	3
Notes to the financial statements	4


Southern Utilities (Holdings) Limited

Company information

Directors	David Hinton
	Andrew Farmer


Company secretary	Nicolas Truillet


Registered number	02049449


Registered office	Rocfort Road
	Snodland
	Kent
	ME6 5AH

Page 1


Southern Utilities (Holdings) Limited

Directors' report

for the year ended 31 March 2022

The directors present their report and the financial statements for the year ended 31 March 2022.

Principal activity

The company is a private company limited by shares domiciled and incorporated in England and Wales. The company has not traded during either the current or preceding year.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the year were:

David Hinton (appointed 24 February 2021)

Andrew Farmer (appointed 1 August 2015)

No director held any shares or loan stock in the company or other associated companies required to be disclosed under the Companies Act 2006 during the financial year.

This report was approved by the board and signed on its behalf.

Nicolas Truillet

Secretary

Date: 23 November 2022

Page 2


Southern Utilities (Holdings) Limited Registered number:02049449

Statement of financial position

as at 31 March 2022

	2022	2021
Note	£	£


Non current assets
Debtors More Than One Year	2	99	99
Net assets		99	99

Equity
Share capital	3	100	100
Retained earnings		(1)	(1)
Total equity		99	99

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The company was entitled to exemption from audit under section 480 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Andrew Farmer

Director

Date: 23 November 2022

The notes on page 4 form part of these financial statements.

Page 3


Southern Utilities (Holdings) Limited

Notes to the financial statements

for the year ended 31 March 2022

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework' and the Companies Act 2006.

1.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions under FRS 101:

∙the requirements of IAS 7 Statement of Cash Flows

1.3

Income statement

The company did not trade in the current or previous year and, therefore, no income statement has been presented. The directors receive no fees in respect of services to the company. The company had no employees in either year.

Debtors

Amounts owed by group undertakings	99	99
	99	99

3.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

100 (2021 - 100) Ordinary shares of £1.00 each	100	100

4.	Parent company and ultimate controlling parties

Utilities of Australia Pty Limited as Trustee for the Utilities Trust of Australia (“UTA”), NatWest Pension Trustees Limited as Trustee for the NatWest Group Pension Fund (“NWPF”), Régime de Rentes du Mouvement Desjardins (“RRMD”), Desjardins Financial Security Life Assurance Company (“DFSL”) and Certas Home and Auto Insurance Company (“Certas”) are the company’s joint ultimate holding companies. UTA is resident in Australia. NWPF is resident in the United Kingdom, RRMD, DFSL and Certas are resident in Canada. It is the directors’ belief that there is no single ultimate controlling party and that the joint ultimate holding companies control the company jointly.
The immediate parent company is Hastings Water (UK) Ltd.
The largest and smallest group of companies into which results of the company are consolidated is that headed by HDF (UK) Holdings Limited, a company which is incorporated in Great Britain and registered in England and Wales. The consolidated financial statements of HDF may be obtained from the Company Secretary at the company’s registered office at Rocfort Road, Snodland, Kent, ME6 5AH.

Page 4