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REGISTERED NUMBER: 05285674 (England and Wales)


S P Homes Limited

Abridged Unaudited Financial Statements

for the Year Ended 30 November 2023






S P Homes Limited (Registered number: 05285674)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


S P Homes Limited

Company Information
for the year ended 30 November 2023







DIRECTOR: Mrs S Pond





SECRETARY: C.K. Secretarial Services Limited





REGISTERED OFFICE: 163 Manor Road
Mitcham
Surrey
CR4 1JT





REGISTERED NUMBER: 05285674 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
S P Homes Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S P Homes Limited for the year ended 30 November 2023 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of S P Homes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S P Homes Limited and state those matters that we have agreed to state to the director of S P Homes Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S P Homes Limited and its director for our work or for this report.

It is your duty to ensure that S P Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S P Homes Limited. You consider that S P Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S P Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


29 August 2024

S P Homes Limited (Registered number: 05285674)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1 426,278

CURRENT ASSETS
Debtors 5 468,997 291,769
Cash at bank and in hand 16,489 63,723
485,486 355,492
CREDITORS
Amounts falling due within one year 6 119,558 275,888
NET CURRENT ASSETS 365,928 79,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,929

505,882

CREDITORS
Amounts falling due after more than one
year

7

-

167,828
NET ASSETS 365,929 338,054

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 365,829 337,954
SHAREHOLDERS' FUNDS 365,929 338,054

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Homes Limited (Registered number: 05285674)

Statement of Financial Position - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 August 2024 and were signed by:





Mrs S Pond - Director


S P Homes Limited (Registered number: 05285674)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

S P Homes 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.

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

Turnover is generated from the ordinary activities of the business and is recognised when the company obtains the right to consideration for providing a service.

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 - 2% on cost
Plant and machinery - 20% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 23 (2022 - 21 ) .

S P Homes Limited (Registered number: 05285674)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 December 2022 442,977 29,288 472,265
Disposals (442,977 ) - (442,977 )
At 30 November 2023 - 29,288 29,288
DEPRECIATION
At 1 December 2022 16,700 29,287 45,987
Eliminated on disposal (16,700 ) - (16,700 )
At 30 November 2023 - 29,287 29,287
NET BOOK VALUE
At 30 November 2023 - 1 1
At 30 November 2022 426,277 1 426,278

Included in cost of land and buildings is freehold land of £ 265,786 (2022 - £ 265,786 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 304,906 3,135
Other debtors 164,091 288,634
468,997 291,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 25,020
Trade creditors 24,685 97,586
Taxation and social security 90,073 146,382
Other creditors 4,800 6,900
119,558 275,888

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 167,828

S P Homes Limited (Registered number: 05285674)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 67,747

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 192,848

A legal charge over property at Robinhood Close, Mitcham to Barclays bank Plc.

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1 December 2022 337,954
Profit for the year 27,875
At 30 November 2023 365,829

S P Homes Limited (Registered number: 05285674)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs S Pond
Balance outstanding at start of year 253,880 273,773
Amounts repaid (124,543 ) (19,893 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 129,337 253,880

12. RELATED PARTY DISCLOSURES

Key management person

During the year the company paid rent of £68,445 (2023- £89,040) for the use of her personal properties. At the year end she owed the company £129,337 (2022 - £253,880).