0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-30 Sage Accounts Production Advanced 2023 - FRS102_2023 2,587,924 2,587,924 2,587,924 90,000 90,000 90,000 xbrli:pure xbrli:shares iso4217:GBP 09384411 2023-01-30 2024-01-29 09384411 2024-01-29 09384411 2023-01-29 09384411 2022-01-30 2023-01-29 09384411 2023-01-29 09384411 2022-01-29 09384411 bus:Director2 2023-01-30 2024-01-29 09384411 core:WithinOneYear 2024-01-29 09384411 core:WithinOneYear 2023-01-29 09384411 core:AfterOneYear 2024-01-29 09384411 core:AfterOneYear 2023-01-29 09384411 core:ShareCapital 2024-01-29 09384411 core:ShareCapital 2023-01-29 09384411 core:RetainedEarningsAccumulatedLosses 2024-01-29 09384411 core:RetainedEarningsAccumulatedLosses 2023-01-29 09384411 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-29 09384411 core:CostValuation core:Non-currentFinancialInstruments 2024-01-29 09384411 core:Non-currentFinancialInstruments 2024-01-29 09384411 core:LandBuildings 2024-01-29 09384411 core:LandBuildings 2023-01-29 09384411 bus:SmallEntities 2023-01-30 2024-01-29 09384411 bus:AuditExemptWithAccountantsReport 2023-01-30 2024-01-29 09384411 bus:SmallCompaniesRegimeForAccounts 2023-01-30 2024-01-29 09384411 bus:PrivateLimitedCompanyLtd 2023-01-30 2024-01-29 09384411 bus:FullAccounts 2023-01-30 2024-01-29
COMPANY REGISTRATION NUMBER: 09384411
SPA BUILDINGS (HARROGATE) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 January 2024
SPA BUILDINGS (HARROGATE) LIMITED
STATEMENT OF FINANCIAL POSITION
29 January 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
2,587,924
2,587,924
Investments
5
90,000
------------
------------
2,677,924
2,587,924
CURRENT ASSETS
Debtors
6
1,334,925
1,216,165
Cash at bank and in hand
2,736,157
1,414,604
------------
------------
4,071,082
2,630,769
CREDITORS: amounts falling due within one year
7
( 4,080,643)
( 2,641,621)
------------
------------
NET CURRENT LIABILITIES
( 9,561)
( 10,852)
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,668,363
2,577,072
CREDITORS: amounts falling due after more than one year
8
( 1,844,427)
( 1,856,658)
------------
------------
NET ASSETS
823,936
720,414
------------
------------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
823,934
720,412
---------
---------
SHAREHOLDERS FUNDS
823,936
720,414
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SPA BUILDINGS (HARROGATE) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 January 2024
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
C A Moran
Director
Company registration number: 09384411
SPA BUILDINGS (HARROGATE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 JANUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of rents and services supplied, inclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Investment property
£
Cost
At 30 January 2023 and 29 January 2024
2,587,924
------------
Depreciation
At 30 January 2023 and 29 January 2024
------------
Carrying amount
At 29 January 2024
2,587,924
------------
At 29 January 2023
2,587,924
------------
5. INVESTMENTS
Shares in participating interests
£
Cost
At 30 January 2023
Additions
90,000
--------
At 29 January 2024
90,000
--------
Impairment
At 30 January 2023 and 29 January 2024
--------
Carrying amount
At 29 January 2024
90,000
--------
At 29 January 2023
--------
6. DEBTORS
2024
2023
£
£
Other debtors
1,334,925
1,216,165
------------
------------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
155,573
143,342
Amounts owed to group undertakings and undertakings in which the company has a participating interest
105,498
Corporation tax
59,382
26,072
Social security and other taxes
6,490
6,340
Amounts due to related companies
3,556,723
2,259,615
Other creditors
105,940
116,894
Other creditors
91,037
89,358
------------
------------
4,080,643
2,641,621
------------
------------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,844,427
1,856,658
------------
------------