SPV REALITY LTD

Company Registration Number:
11186107 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

SPV REALITY LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

SPV REALITY LTD

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 716,934 713,934
Total fixed assets: 716,934 713,934
Current assets
Cash at bank and in hand: 90,658 47,411
Total current assets: 90,658 47,411
Creditors: amounts falling due within one year:   (230,787) (195,005)
Net current assets (liabilities): (140,129) (147,594)
Total assets less current liabilities: 576,805 566,340
Creditors: amounts falling due after more than one year:   (547,563) (547,563)
Total net assets (liabilities): 29,242 18,777
Capital and reserves
Called up share capital: 150 150
Profit and loss account: 29,092 18,627
Shareholders funds: 29,242 18,777

The notes form part of these financial statements

SPV REALITY LTD

Balance sheet statements

For the year ending 28 February 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Mr Venkatesham Saibabu Banala
Status: Director

The notes form part of these financial statements

SPV REALITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

SPV REALITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

SPV REALITY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Fixed investments

Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.