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REGISTERED NUMBER: 08887597 (England and Wales)















SPL Real Estate Limited

Unaudited Financial Statements For The Year Ended 30 June 2024






SPL Real Estate Limited (Registered number: 08887597)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPL Real Estate Limited

Company Information
For The Year Ended 30 June 2024







DIRECTOR: I D Allen



REGISTERED OFFICE: C/O Kingswood Allotts Limited
Sidings Court
Lakeside
Doncaster
DN4 5NU



REGISTERED NUMBER: 08887597 (England and Wales)



ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: HSBC
1 High Street
Doncaster
South Yorkshire
DN1 1EE

SPL Real Estate Limited (Registered number: 08887597)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 814,845 1,832,554

CURRENT ASSETS
Debtors 5 15,460 21,752
Cash at bank 10,334 397
25,794 22,149
CREDITORS
Amounts falling due within one year 6 1,135,655 3,570,957
NET CURRENT LIABILITIES (1,109,861 ) (3,548,808 )
TOTAL ASSETS LESS CURRENT LIABILITIES (295,016 ) (1,716,254 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (295,017 ) (1,716,255 )
SHAREHOLDERS' FUNDS (295,016 ) (1,716,254 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 15 August 2024 and were signed by:





I D Allen - Director


SPL Real Estate Limited (Registered number: 08887597)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

SPL Real Estate 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.

Notwithstanding the the deficiency in net assets of £295,016 in the company balance sheet at the year end, the accounts have been prepared on the going concern basis. The company is in the process of disposing of the properties which the director considers will eliminate the deficiency.The director therefore considers the going concern basis to be an appropriate basis of preparing the accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

The freehold property was used by the subsidiary company until the sale of the shares. The properties have been retained in Freehold Property pending their disposal. Depreciation has continued to be provided although the director considers they will realise in excess of the current net book value.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

SPL Real Estate Limited (Registered number: 08887597)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2023 2,147,590
Additions 4,410
Disposals (1,153,191 )
At 30 June 2024 998,809
DEPRECIATION
At 1 July 2023 315,036
Charge for year 32,269
Eliminated on disposal (163,341 )
At 30 June 2024 183,964
NET BOOK VALUE
At 30 June 2024 814,845
At 30 June 2023 1,832,554

Included in cost of land and buildings is freehold land of £ 4,410 (2023 - £ 224,641 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 15,460 21,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 22,306
Taxation 365,783 -
Allen Group Holdings Pty Ltd 764,422 3,502,812
Accrued expenses 5,450 45,839
1,135,655 3,570,957

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1