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REGISTERED NUMBER: 10010723 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SPEEDCOM HOLDINGS LIMITED

SPEEDCOM HOLDINGS LIMITED (REGISTERED NUMBER: 10010723)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance Sheet 1


SPEEDCOM HOLDINGS LIMITED (REGISTERED NUMBER: 10010723)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
£    £   
FIXED ASSETS 3,494,888 3,494,888

CURRENT ASSETS 18,692 18,692

CREDITORS
Amounts falling due within one year (1,214,822 ) (1,297,632 )
NET CURRENT LIABILITIES (1,196,130 ) (1,278,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,298,758

2,215,948

CREDITORS
Amounts falling due after more than one
year

(814,557

)

(814,557

)
NET ASSETS 1,484,201 1,401,391

CAPITAL AND RESERVES 1,484,201 1,401,391

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Speedcom Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10010723

Registered office: 21-23 Croydon Road
Caterham
Surrey
CR3 6PA

2. AVERAGE NUMBER OF EMPLOYEES

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

SPEEDCOM HOLDINGS LIMITED (REGISTERED NUMBER: 10010723)

BALANCE SHEET - continued
29 FEBRUARY 2024

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
W N Samarasekara
Balance outstanding at start of year 10,100 10,100
Amounts repaid (10,100 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,100

Included in other creditors due in less than one year are amounts due to the following companies:

Inter Franchise Ltd:£455,784 (2023: £455,784)
Franchise Int Ltd: £672,522 (2023: £672,522)

The above companies are deemed related by virtue of the fact the companies are direct and indirect subsidiaries of the company.

Included in other creditors due greater than one year are amounts due to the following companies:

Better Living Housing Ltd:£120,000 (debit) (2023: £120,000) (debit)
Speedcom Telecommunications Ltd: £934,557 (2023: £934,557)

The above companies are deemed related by virtue of common ownership and directors.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SPEEDCOM HOLDINGS LIMITED (REGISTERED NUMBER: 10010723)

BALANCE SHEET - continued
29 FEBRUARY 2024


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

The financial statements were approved by the director and authorised for issue on 30 November 2024 and were signed by:





W N Samarasekara - Director