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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
Page
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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
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SP SUITES LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
372,524 
372,629 
Current assets
Debtors
3,980 
3,980 
Cash at bank and in hand
9,245 
37,480 
13,225 
41,460 
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)
Capital and reserves
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
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SP SUITES LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Disposals
- 
(420)
(420)
At 31 October 2024
372,524 
- 
372,524 
Depreciation
At 1 November 2023
- 
315 
315 
Charge for the year
- 
105 
105 
On disposals
- 
(420)
(420)
At 31 October 2024
- 
- 
- 
Net book value
At 31 October 2024
372,524 
- 
372,524 
At 31 October 2023
372,524 
105 
372,629 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3,980 
3,980 
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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 
83,461 
121,439 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
312,000 
312,000 
8
Loans to directors
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).
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