IRIS Accounts Production v24.3.2.46 05817751 director 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058177512023-03-31058177512024-03-31058177512023-04-012024-03-31058177512022-03-31058177512022-04-012023-03-31058177512023-03-3105817751ns15:EnglandWales2023-04-012024-03-3105817751ns14:PoundSterling2023-04-012024-03-3105817751ns10:Director12023-04-012024-03-3105817751ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105817751ns10:SmallEntities2023-04-012024-03-3105817751ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3105817751ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105817751ns10:FullAccounts2023-04-012024-03-3105817751ns10:RegisteredOffice2023-04-012024-03-3105817751ns5:CurrentFinancialInstruments2024-03-3105817751ns5:CurrentFinancialInstruments2023-03-3105817751ns5:ShareCapital2024-03-3105817751ns5:ShareCapital2023-03-3105817751ns5:RetainedEarningsAccumulatedLosses2024-03-3105817751ns5:RetainedEarningsAccumulatedLosses2023-03-3105817751ns5:FurnitureFittings2023-04-012024-03-3105817751ns5:FurnitureFittings2023-03-3105817751ns5:FurnitureFittings2024-03-3105817751ns5:FurnitureFittings2023-03-3105817751ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105817751ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 05817751 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Spatha Properties Limited

Spatha Properties Limited (Registered number: 05817751)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Spatha Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs Julie Ibbotson



REGISTERED OFFICE: 68 Queen Street
Queen Street Chambers
Sheffield
South Yorkshire
S1 1WR



REGISTERED NUMBER: 05817751 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Starling Bank
1 Duval Square
London
E1 6PW

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Spatha Properties Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spatha Properties Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Spatha Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spatha Properties Limited and state those matters that we have agreed to state to the director of Spatha Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spatha Properties Limited and its director for our work or for this report.

It is your duty to ensure that Spatha Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Spatha Properties Limited. You consider that Spatha Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spatha Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


28 March 2025

Spatha Properties Limited (Registered number: 05817751)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 3,163
Investment property 5 225,000 335,000
225,000 338,163

CURRENT ASSETS
Debtors 6 - 42,310
Cash at bank 17,526 86
17,526 42,396
CREDITORS
Amounts falling due within one year 7 (95,018 ) (183,965 )
NET CURRENT LIABILITIES (77,492 ) (141,569 )
TOTAL ASSETS LESS CURRENT LIABILITIES 147,508 196,594

PROVISIONS FOR LIABILITIES - (601 )
NET ASSETS 147,508 195,993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,408 195,893
147,508 195,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Spatha Properties Limited (Registered number: 05817751)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





Mrs Julie Ibbotson - Director


Spatha Properties Limited (Registered number: 05817751)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Spatha Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

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.

Spatha Properties Limited (Registered number: 05817751)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 18,219
Disposals (18,219 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 15,056
Eliminated on disposal (15,056 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 3,163

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 335,000
Disposals (195,000 )
Revaluations 85,000
At 31 March 2024 225,000
NET BOOK VALUE
At 31 March 2024 225,000
At 31 March 2023 335,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 85,000
Valuation in 2021 (110,000 )
Valuation in 2019 (56,477 )
Valuation in 2011 121,252
Cost 185,225
225,000

Spatha Properties Limited (Registered number: 05817751)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors - 42,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 6,518 5,665
Other creditors 88,500 178,300
95,018 183,965