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COMPANY REGISTRATION NUMBER: 14989071
Speeds Court Ltd
Unaudited Financial Statements
For the period ended
31 December 2024
Speeds Court Ltd
Financial Statements
Period from 7 July 2023 to 31 December 2024
Contents
Page
Directors' report
1
Statement of financial position
3
Notes to the financial statements
4
Speeds Court Ltd
Directors' Report
Period from 7 July 2023 to 31 December 2024
The directors present their report and the unaudited financial statements of the company for the period ended 31 December 2024 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the period and preceding financial period. It is anticipated that the company will remain dormant for the foreseeable future.
Principal activities
The principal activity of the company during the year was that of a holding company.
Incorporation
The company was incorporated on 7 July 2023 and has not traded in the period.
Directors
The directors who served the company during the period were as follows:
Mr M Speed
(Appointed 7 July 2023)
Mrs K A Speed
(Appointed 8 January 2024)
Mrs P E Speed
(Served from 7 July 2023 to 8 December 2024)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 22 April 2025 and signed on behalf of the board by:
Mr M Speed
Director
Registered office:
Slaley Hall
Slaley
Matlock
Derbyshire
DE4 2BB
Speeds Court Ltd
Statement of Financial Position
31 December 2024
31 Dec 24
Note
£
£
Fixed assets
Investments
4
1,834,906
-------------
Total assets less current liabilities
1,834,906
-------------
Capital and reserves
Called up share capital
1,834,906
-------------
Shareholders funds
1,834,906
-------------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current period or prior period and has not made either a profit or loss.
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
Mr M Speed
Director
Company registration number: 14989071
Speeds Court Ltd
Notes to the Financial Statements
Period from 7 July 2023 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Slaley Hall, Slaley, Matlock, DE4 2BB, Derbyshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current period or prior period and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current period or prior period.
(c) Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
(d) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
(e) Financial instruments
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 assets of the entity after deducting all of its financial liabilities .
4. Investments
Shares in group undertakings
£
Cost
At 7 July 2023
Additions
1,834,906
-------------
At 31 December 2024
1,834,906
-------------
Impairment
At 7 July 2023 and 31 December 2024
-------------
Carrying amount
At 31 December 2024
1,834,906
-------------