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SPM PROPERTY MANAGEMENT LTD

Registered Number
12346330
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

SPM PROPERTY MANAGEMENT LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Neil McCrindle
Sangita Patel-McCrindle

Registered Address

2-3 Dorcan Business Village
Murdock Road
Swindon
SN3 5HY

Registered Number

12346330 (England and Wales)
SPM PROPERTY MANAGEMENT LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets317,40321,260
17,40321,260
Current assets
Debtors5,80936,603
Cash at bank and on hand229,614115,897
235,423152,500
Creditors amounts falling due within one year4(160,165)(121,652)
Net current assets (liabilities)75,25830,848
Total assets less current liabilities92,66152,108
Creditors amounts falling due after one year5(17,450)-
Provisions for liabilities6-(424)
Net assets75,21151,684
Capital and reserves
Called up share capital22
Profit and loss account75,20951,682
Shareholders' funds75,21151,684
The financial statements were approved and authorised for issue by the Board of Directors on 30 January 2025, and are signed on its behalf by:
Sangita Patel-McCrindle
Director
Registered Company No. 12346330
SPM PROPERTY MANAGEMENT LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings20
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 January 2330,75830,758
Additions493493
At 31 December 2331,25131,251
Depreciation and impairment
At 01 January 239,4989,498
Charge for year4,3504,350
At 31 December 2313,84813,848
Net book value
At 31 December 2317,40317,403
At 31 December 2221,26021,260
4.Creditors: amounts due within one year

2023

2022

££
Taxation and social security8,94314,792
Other creditors86,84866,194
Accrued liabilities and deferred income64,37440,666
Total160,165121,652
5.Creditors: amounts due after one year

2023

2022

££
Other creditors17,450-
Total17,450-
6.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)-424
Total-424