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Registration number: 10646199

SPL TA Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

SPL TA Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

SPL TA Holdings Limited

Company Information

Directors

Mr Gary Edward Soltys

Mrs Dorothy Jane Soltys

Registered office

Kingston House
46 John Batchelor Way
Penarth
Vale of Glamorgan
CF64 1SD

Accountants

RiverView Portfolio Limited
Chartered Management Accountants
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

SPL TA Holdings Limited

(Registration number: 10646199)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,499

1,794

Investment property

5

1,235,000

1,190,000

Investments

6

-

1,000

 

1,236,499

1,192,794

Current assets

 

Debtors

7

175,546

107,331

Cash at bank and in hand

 

11,973

5,392

 

187,519

112,723

Creditors: Amounts falling due within one year

8

(141,444)

(92,705)

Net current assets

 

46,075

20,018

Total assets less current liabilities

 

1,282,574

1,212,812

Creditors: Amounts falling due after more than one year

8

(1,240,275)

(1,237,864)

Provisions for liabilities

(34,034)

(25,484)

Net assets/(liabilities)

 

8,265

(50,536)

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

145,091

108,641

Retained earnings

(137,826)

(160,177)

Shareholders' funds/(deficit)

 

8,265

(50,536)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 November 2024 and signed on its behalf by:
 

 

SPL TA Holdings Limited

(Registration number: 10646199)
Balance Sheet as at 29 February 2024 (continued)

.........................................
Mr Gary Edward Soltys
Director

 

SPL TA Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Kingston House
46 John Batchelor Way
Penarth
Vale of Glamorgan
CF64 1SD

These financial statements were authorised for issue by the Board on 15 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% Straight Line

 

SPL TA Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

SPL TA Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

3,589

3,589

Additions

1,299

1,299

Disposals

(1,488)

(1,488)

At 29 February 2024

3,400

3,400

Depreciation

At 1 March 2023

1,795

1,795

Charge for the year

850

850

Eliminated on disposal

(744)

(744)

At 29 February 2024

1,901

1,901

Carrying amount

At 29 February 2024

1,499

1,499

At 28 February 2023

1,794

1,794

5

Investment properties

2024
£

At 1 March

1,190,000

Fair value adjustments

45,000

At 29 February

1,235,000

The fair value of the property at 29th February 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

 

SPL TA Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

6

Investments

2024
£

2023
£

Investments in subsidiaries

-

1,000

Subsidiaries

£

Cost or valuation

At 1 March 2023

1,000

Disposals

(1,000)

At 29 February 2024

-

Provision

Carrying amount

At 29 February 2024

-

At 28 February 2023

1,000

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

-

1,049

Amounts owed by related parties

126,328

104,811

Prepayments

 

482

1,471

Other debtors

 

48,736

-

   

175,546

107,331

 

SPL TA Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

(2)

Accruals and deferred income

141,444

92,708

Other creditors

-

(1)

141,444

92,705

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,240,275

1,237,864

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

36,450

36,450

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

48,169

48,169