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REGISTERED NUMBER: 03013972 (England and Wales)














S P HOLDINGS (WOODCHURCH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


S P HOLDINGS (WOODCHURCH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C R Parsons
D M Stratton





SECRETARY: Mrs B Hayward





REGISTERED OFFICE: Dacliffe Industrial Estate
Appledore Road
Woodchurch
Ashford
Kent
TN26 3TG





REGISTERED NUMBER: 03013972 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 480,000 480,000

CURRENT ASSETS
Debtors 5 220,055 261,861
Cash at bank 9,168 5,920
229,223 267,781
CREDITORS
Amounts falling due within one year 6 11,652 46,432
NET CURRENT ASSETS 217,571 221,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,571

701,349

CREDITORS
Amounts falling due after more than
one year

7

(70,000

)

(70,000

)

PROVISIONS FOR LIABILITIES (32,074 ) (24,376 )
NET ASSETS 595,497 606,973

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 226,950 226,950
Retained earnings 368,447 379,923
SHAREHOLDERS' FUNDS 595,497 606,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

BALANCE SHEET - continued
31 MARCH 2023


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 19 October 2023 and were signed on its behalf by:





C R Parsons - Director


S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

S P Holdings (Woodchurch) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 508,056
DEPRECIATION
At 1 April 2022
and 31 March 2023 28,056
NET BOOK VALUE
At 31 March 2023 480,000
At 31 March 2022 480,000

Cost or valuation at 31 March 2023 is represented by:

Freehold
property
£   
Valuation in 2017 118,150
Valuation in 2021 200,000
Cost 189,906
508,056

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 8,324
Other debtors 45,199 64,081
45,199 72,405

Amounts falling due after more than one year:
Other debtors 174,856 189,456

Aggregate amounts 220,055 261,861

Included within other debtors is £158,358 (2022 - £172,958) for the sale of the trading business.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 152 15,825
Other creditors 11,500 30,607
11,652 46,432

Included within other creditors is £10,000 (2022 - £28,107) borrowed from the directors and shareholders.

S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 70,000 70,000

Other creditors represents monies borrowed from a director.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 226,950

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
C R Parsons
Balance outstanding at start of year 52,418 51,661
Amounts advanced - 757
Amounts repaid (8,106 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,312 52,418

The above includes transactions with a related charity, which the director is associated with and thus all are deemed to be director loan transactions.

The loan is fully repayable and interest free.