Registered number
10168251
Sparkhill Ltd
Filleted Accounts
31 May 2024
Sparkhill Ltd
Registered number: 10168251
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,307 -
Investments 4 2,650,000 3,025,000
2,651,307 3,025,000
Current assets
Debtors 5 11,500 117,860
Cash at bank and in hand 129,501 6,645
141,001 124,505
Creditors: amounts falling due within one year 6 (623,037) (29,215)
Net current (liabilities)/assets (482,036) 95,290
Total assets less current liabilities 2,169,271 3,120,290
Creditors: amounts falling due after more than one year 7 (1,405,341) (2,329,954)
Provisions for liabilities (141,050) (141,050)
Net assets 622,880 649,286
Capital and reserves
Called up share capital 1 1
Profit and loss account 622,879 649,285
Shareholder's funds 622,880 649,286
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.
Mr Martin Gaine
Director
Approved by the board on 17 February 2025
Sparkhill Ltd
Notes to the Accounts
for the year ended 31 May 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:
Plant and machinery over 5 years
Computer equipment over 3 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 1,909 902 6,874 9,685
Additions - - 1,634 1,634
At 31 May 2024 1,909 902 8,508 11,319
Depreciation
At 1 June 2023 1,909 902 6,874 9,685
Charge for the year - - 327 327
At 31 May 2024 1,909 902 7,201 10,012
Net book value
At 31 May 2024 - - 1,307 1,307
4 Investments
Other
investments
£
Cost
At 1 June 2023 3,025,000
Disposals (375,000)
At 31 May 2024 2,650,000
5 Debtors 2024 2023
£ £
Trade debtors - 5,180
Other debtors 11,500 112,680
11,500 117,860
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,125 -
Trade creditors 234 270
Taxation and social security costs - 752
Other creditors 615,678 28,193
623,037 29,215
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,227,590 1,756,564
Directors' loan account 177,751 110,337
Other creditors - 463,053
1,405,341 2,329,954
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 939,000 1,195,000
9 Related party transactions
As at the Balance Sheet date, the company owed the director £177,396 (2023: £110,337). No interest is charged on the loan.

Within other creditors, as at the Balance Sheet, there was a balance of £574,653 (2023: £461,351) owed to Just Planning Ltd, a company registered in England & Wales. The Director of Sparkhill Ltd is also a Director of Just Planning Limited.

Within other creditors, as at the Balance Sheet, there was a balance of £22,400 (2023: £15,000) owed to Spinlove Limited, a company registered in England & Wales. The Director of Sparkhill Ltd is also a Director of Spinlove Limited.

Within other debtors there is a balance of £10,000 (2023: £111,000) due from Ashfield Property Holdings Limited, a company registered in England & Wales. The Director of Sparkhill Ltd is also the director of Ashfield Property Holdings Limited.
10 Other information
Sparkhill Ltd is a private company limited by shares and incorporated in England. Its registered office is:
42 Hampstead House
176 Finchley Road
London
NW3 6BT
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