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REGISTERED NUMBER: 08098745















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SPIKE PROPERTIES LIMITED

SPIKE PROPERTIES LIMITED (REGISTERED NUMBER: 08098745)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPIKE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs S Gibbs
A J Gibbs
W Gibbs





SECRETARY: A J Gibbs





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 08098745





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

SPIKE PROPERTIES LIMITED (REGISTERED NUMBER: 08098745)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,727,953 2,728,158
Investments 5 173,366 77,964
2,901,319 2,806,122

CURRENT ASSETS
Cash at bank 19,341 116,220

CREDITORS
Amounts falling due within one year 6 1,831,006 1,832,940
NET CURRENT LIABILITIES (1,811,665 ) (1,716,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,089,654

1,089,402

CREDITORS
Amounts falling due after more than one
year

7

1,070,000

1,070,000
NET ASSETS 19,654 19,402

CAPITAL AND RESERVES
Called up share capital 8 106 106
Retained earnings 9 19,548 19,296
SHAREHOLDERS' FUNDS 19,654 19,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SPIKE PROPERTIES LIMITED (REGISTERED NUMBER: 08098745)

BALANCE SHEET - continued
30 JUNE 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 1 November 2023 and were signed on its behalf by:





A J Gibbs - Director


SPIKE PROPERTIES LIMITED (REGISTERED NUMBER: 08098745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Spike Properties Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

SPIKE PROPERTIES LIMITED (REGISTERED NUMBER: 08098745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
COST
At 1 July 2022
and 30 June 2023 2,693,678 33,457 1,075 2,317 2,730,527
DEPRECIATION
At 1 July 2022 - - 387 1,982 2,369
Charge for year - - 138 67 205
At 30 June 2023 - - 525 2,049 2,574
NET BOOK VALUE
At 30 June 2023 2,693,678 33,457 550 268 2,727,953
At 30 June 2022 2,693,678 33,457 688 335 2,728,158

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022 77,964
Additions 95,402
At 30 June 2023 173,366
NET BOOK VALUE
At 30 June 2023 173,366
At 30 June 2022 77,964

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 6,082 4,603
Directors' current accounts 1,823,538 1,827,037
Accruals and deferred income 1,386 1,300
1,831,006 1,832,940

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 1,070,000 1,070,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,070,000 1,070,000

SPIKE PROPERTIES LIMITED (REGISTERED NUMBER: 08098745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
1 E Ordinary £1 1 1
1 F Ordinary £1 1 1
1 G Ordinary £1 1 1
106 106

9. RESERVES
Retained
earnings
£   

At 1 July 2022 19,296
Profit for the year 252
At 30 June 2023 19,548