Company Registration No. 12251674 (England and Wales)
SP SUITES LIMITED
Unaudited accounts
for the year ended 31 October 2024
SP SUITES LIMITED
Unaudited accounts
Contents
SP SUITES LIMITED
Company Information
for the year ended 31 October 2024
Directors
Rebecca Louise Purland
Timothy John Edgecombe Stevens
Company Number
12251674 (England and Wales)
Registered Office
3 TITHE CLOSE
GAZELEY
NEWMARKET
CAMBRIDGESHIRE
CB8 8RS
UNITED KINGDOM
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
SP SUITES LIMITED
Statement of financial position
as at 31 October 2024
Tangible assets
372,524
372,629
Cash at bank and in hand
9,245
37,480
Creditors: amounts falling due within one year
(83,461)
(121,439)
Net current liabilities
(70,236)
(79,979)
Total assets less current liabilities
302,288
292,650
Creditors: amounts falling due after more than one year
(312,000)
(312,000)
Net liabilities
(9,712)
(19,350)
Called up share capital
20
20
Profit and loss account
(9,732)
(19,370)
Shareholders' funds
(9,712)
(19,350)
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by
Rebecca Louise Purland
Director
Company Registration No. 12251674
SP SUITES LIMITED
Notes to the Accounts
for the year ended 31 October 2024
SP SUITES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12251674. The registered office is 3 TITHE CLOSE, GAZELEY, NEWMARKET, CAMBRIDGESHIRE, CB8 8RS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
372,524
420
372,944
At 31 October 2024
372,524
-
372,524
At 1 November 2023
-
315
315
Charge for the year
-
105
105
At 31 October 2024
372,524
-
372,524
At 31 October 2023
372,524
105
372,629
Amounts falling due within one year
SP SUITES LIMITED
Notes to the Accounts
for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
4,664
4,664
Loans from directors
78,797
116,775
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
312,000
312,000
During the year loans totalling £78,797 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).