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Registered number: 07251691

SPEP Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023


SPEP Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Roland J B Duce
Alexander J C Duce
Colin Andrew Gray
REGISTERED OFFICE
11a Ironmonger Street
Stamford
Lincolnshire
PE9 1PL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07251691

SPEP Limited

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SPEP Limited

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets35,451,7655,798,693
CURRENT ASSETS
Debtors4223,194215,749
Cash at bank and in hand18182
223,375215,831
CREDITORS: Amounts falling due within one year53,701,7204,572,910
NET CURRENT LIABILITIES(3,478,345)(4,357,079)
TOTAL ASSETS LESS CURRENT LIABILITIES1,973,4201,441,614
PROVISIONS FOR LIABILITIES AND CHARGES6657,184657,184
NET ASSETS1,316,236784,430
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account1,316,234784,428
SHAREHOLDERS' FUNDS1,316,236784,430
For the year ending 30/06/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/10/2024 and signed on their behalf by
.............................
Roland J B Duce
Director

SPEP Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings 15%
Plant and Machinery 25%
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/07/2022612,5108,439,2089,051,718
At 30/06/2023612,5108,439,2089,051,718
Depreciation
At 01/07/2022226,7153,026,3103,253,025
For the year28,624318,304346,928
At 30/06/2023255,3393,344,6143,599,953
Net Book Amounts
At 30/06/2023357,1715,094,5945,451,765
At 30/06/2022385,7955,412,8985,798,693

SPEP Limited

4. DEBTORS 20232022
££
Amounts falling due within one year
Prepayments223,194215,749
223,194215,749
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax65,573-
Trade creditors17,47120,432
Accruals21,65519,061
Amounts due to group companies3,597,0214,533,417
3,701,7204,572,910
6. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation657,184657,184
657,184657,184
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22