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REGISTERED NUMBER: 06368014 (England and Wales)













S & P Retail Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






S & P Retail Limited (Registered number: 06368014)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S & P Retail Limited

Company Information
for the year ended 31 August 2023







DIRECTOR: P Walker





SECRETARY: Mrs S Walker





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 06368014 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

S & P Retail Limited (Registered number: 06368014)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38 57
Investment property 5 135,000 135,000
135,038 135,057

CURRENT ASSETS
Cash at bank 11,970 5,741

CREDITORS
Amounts falling due within one year 6 45,941 48,919
NET CURRENT LIABILITIES (33,971 ) (43,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,067

91,879

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,967 91,779
SHAREHOLDERS' FUNDS 101,067 91,879

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

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

The director acknowledges his 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.

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 director and authorised for issue on 19 October 2023 and were signed by:




P Walker - Director


S & P Retail Limited (Registered number: 06368014)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

S & P Retail 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2022
and 31 August 2023 2,083
DEPRECIATION
At 1 September 2022 2,026
Charge for year 19
At 31 August 2023 2,045
NET BOOK VALUE
At 31 August 2023 38
At 31 August 2022 57

S & P Retail Limited (Registered number: 06368014)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 136,750
DEPRECIATION
At 1 September 2022
and 31 August 2023 1,750
NET BOOK VALUE
At 31 August 2023 135,000
At 31 August 2022 135,000

The director is of the opinion that the investment property, which originally cost £149,950, would carry a value of £135,000 at 31st August 2021.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,160 1,989
Other creditors 43,781 46,930
45,941 48,919

7. RELATED PARTY DISCLOSURES

Included in other creditors is an amount owed to the director Mr P Walker of £43,342 (2022 - £46,469) the amount is interest free and there is no fixed date of repayment.






8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P and Mrs S Walker by virtue of their majority shareholding.