Registered number
11941870
S & P Spaces Limited
Filleted Accounts
31 December 2024
S & P Spaces Limited
Company Information
Director
T O S Lawrence
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
186 Elmbridge Road
Longlevens
Gloucester
Registered number
11941870
S & P Spaces Limited
Registered number: 11941870
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 456,296 456,296
Current assets
Debtors 4 - 987
Cash at bank and in hand 23,056 11,135
23,056 12,122
Creditors: amounts falling due within one year 5 (2,974) (995)
Net current assets 20,082 11,127
Total assets less current liabilities 476,378 467,423
Creditors: amounts falling due after more than one year 6 (444,000) (443,481)
Net assets 32,378 23,942
Capital and reserves
Called up share capital 100 100
Profit and loss account 32,278 23,842
Shareholder's funds 32,378 23,942
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T O S Lawrence
Director
Approved by the board on 31 January 2025
S & P Spaces Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment property nil
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment property
£
Cost
At 1 January 2024 456,296
At 31 December 2024 456,296
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 456,296
At 31 December 2023 456,296
4 Debtors 2024 2023
£ £
Other debtors - 987
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,979 -
Other creditors 995 995
2,974 995
6 Creditors: amounts falling due after one year 2024 2023
£ £
Associated company loan 440,000 440,000
Directors loan 4,000 3,481
444,000 443,481
7 Related party transactions
The company had an interest free loan of £440,000 from Sail and Paddle Limited.
8 Controlling party
The company is contolled by the director.
9 Other information
S & P Spaces Limited is a private company limited by shares and incorporated in England. Its registered office is:
186 Elmbridge Road
Longlevens
Gloucester
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