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SPPE GUILDFORD LIMITED

Registered Number
09634392
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

SPPE GUILDFORD LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

SCHIAVO, Paul David Anthony

Registered Address

White Lyon House Perry Hill
Worplesdon
Guildford
GU3 3RE

Registered Number

09634392 (England and Wales)
SPPE GUILDFORD LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks2,913,4692,922,568
Debtors76,515132,696
Cash at bank and on hand16,9374,364
3,006,9213,059,628
Creditors amounts falling due within one year(1,323,762)(1,334,691)
Net current assets (liabilities)1,683,1591,724,937
Total assets less current liabilities1,683,1591,724,937
Creditors amounts falling due after one year(2,711,043)(2,775,804)
Net assets(1,027,884)(1,050,867)
Capital and reserves
Called up share capital22
Profit and loss account(1,027,886)(1,050,869)
Shareholders' funds(1,027,884)(1,050,867)
The financial statements were approved and authorised for issue by the Director on 5 March 2025, and are signed on its behalf by:
SCHIAVO, Paul David Anthony
Director
Registered Company No. 09634392
SPPE GUILDFORD LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

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
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.
Basis of preparation
At the balance sheet date the company had net liabilities of £1,027,884 (2023: £1,050,867). The financial statements have been prepared on the going concern basis which assumes that the company will continue as a going concern for the foreseeable future. The validity of this assumption depends on the continuing support of the company creditors to provide adequate financial support and by not seeking repayment of amounts owed to them. The directors have no reason to believe this support is not forthcoming and accordingly believe it appropriate to prepare the financial statements on the going concern basis.
Turnover policy
Turnover comprises revenue recognised by the Company in respect of the sale of properties developed by the Company, and is recognised upon exchange for sale of the relevant site, exclusive of value added tax.
Current 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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.
Stocks and work in progress
Stock and work in progress comprise developments in progress. Developments in progress include land and units in the course of construction and include the cost of the land and the construction costs incurred to date.
2.Average number of employees

20242023
Average number of employees during the year11
3.Further information regarding the company's income
Other Income comprises revenue recognised by the company in respect of rental income, exclusive of Value Added Tax. Rental income is received one month in advance and is recognised over the period accrued.
4.Secured creditors
The following secured debts: Bank and other loans in the sum of £2,681,593 (2023: £2,740,494) are secured.
5.Related party transactions
Entities under common control. At the year end £61,883 (2023: £129,182) was owed to the company, and £7,909 (2023: £13) was owed by the company to entities under common control. S Parish - a director of the shareholder Fallglow limited During the year £24,000 (2023: £24,000) was paid to a company under the control of S Parish. At the year end £1,295,000 (2023: £1,295,000) was owed to S Parish. P Schiavo - a director At the year end £3,554 (2023: £2,054) was owed to P Schiavo.