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REGISTERED NUMBER: 04173114 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

S P O'NEILL LIMITED

S P O'NEILL LIMITED (Registered number: 04173114)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S P O'NEILL LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs J M O'Neill





SECRETARIES: Mrs J M O'Neill
Miss S M O'Neill





REGISTERED OFFICE: 1 Burrows Cottage
The Links
Pembrey
Five Roads
Carmarthenshire
SA16 0HT





REGISTERED NUMBER: 04173114 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

S P O'NEILL LIMITED (Registered number: 04173114)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 360,000 360,000

CURRENT ASSETS
Debtors 5 1,326 820

CREDITORS
Amounts falling due within one year 6 5,663 4,323
NET CURRENT LIABILITIES (4,337 ) (3,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,663

356,497

PROVISIONS FOR LIABILITIES (11,067 ) (11,067 )

ACCRUALS AND DEFERRED INCOME (1,029 ) (1,154 )
NET ASSETS 343,567 344,276

CAPITAL AND RESERVES
Called up share capital 103 103
Fair value reserve 7 69,933 69,933
Retained earnings 273,531 274,240
343,567 344,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 O'NEILL LIMITED (Registered number: 04173114)

Balance Sheet - continued
31 March 2024


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

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 4 October 2024 and were signed by:





Mrs J M O'Neill - Director


S P O'NEILL LIMITED (Registered number: 04173114)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

S P O'NEILL 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.

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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 360,000
NET BOOK VALUE
At 31 March 2024 360,000
At 31 March 2023 360,000

S P O'NEILL LIMITED (Registered number: 04173114)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 81,000
Cost 279,000
360,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,326 820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 4,642 3,375
Other creditors 1,021 948
5,663 4,323

7. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 69,933

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs J M O'Neill and Mrs J M O'Neill
Balance outstanding at start of year (379 ) 20,751
Amounts advanced 24,699 33,703
Amounts repaid (24,561 ) (54,833 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (241 ) (379 )

During the year the director paid the company interest of £7 on their loan from the company.

S P O'NEILL LIMITED (Registered number: 04173114)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,500 (2023 - £32,000) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J M O'Neill.