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Registered Number: 13593863
England and Wales

 

 

 

SPEECH DEVELOPMENT PROPERTIES LIMITED


Unaudited Filleted Financial Statements
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 256,920    256,920 
256,920    256,920 
Current assets      
Debtors 4 1    1 
Cash at bank and in hand 16,954    18,791 
16,955    18,792 
Creditors: amount falling due within one year 5 (135,746)   (131,720)
Net current liabilities (118,791)   (112,928)
 
Total assets less current liabilities 138,129    143,992 
Creditors: amount falling due after more than one year 6 (138,797)   (146,965)
Net liabilities (668)   (2,973)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (669)   (2,974)
Shareholder's funds (668)   (2,973)
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 27 February 2024 and were signed by:


-------------------------------
Mr David Peter Meads
Director
1
General Information
Speech Development Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13593863, registration address Stisted Cottage Farm Hollies Road, Bradwell, Braintree, England, CM77 8DZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 September 2022 256,920    256,920 
Additions  
Disposals  
At 31 August 2023 256,920    256,920 
Depreciation
At 01 September 2022  
Charge for year  
On disposals  
At 31 August 2023  
Net book values
Closing balance as at 31 August 2023 256,920    256,920 
Opening balance as at 01 September 2022 256,920    256,920 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 1    1 
1    1 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Bank Loans & Overdrafts (Secured) 4,026   
Amounts Owed to Speech Development Limited 131,000    131,000 
Accrued Expenses 720    720 
135,746    131,720 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 138,797    146,965 
138,797    146,965 

2