2023-08-012024-07-312024-07-31false13533334SPECKLE PROPERTIES 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SPECKLE PROPERTIES LTD

Registered Number
13533334
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

SPECKLE PROPERTIES LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

MISTRY, Tejas

Registered Address

40 William Mews
London
SW1X 9HQ

Registered Number

13533334 (England and Wales)
SPECKLE PROPERTIES LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments4849,297603,751
849,297603,751
Current assets
Debtors55,855107,166
Current asset investments621
Cash at bank and on hand1,49445,209
7,351152,376
Creditors amounts falling due within one year7(80,499)(763,736)
Net current assets (liabilities)(73,148)(611,360)
Total assets less current liabilities776,149(7,609)
Creditors amounts falling due after one year8(902,945)-
Net assets(126,796)(7,609)
Capital and reserves
Called up share capital100100
Profit and loss account(126,896)(7,709)
Shareholders' funds(126,796)(7,609)
The financial statements were approved and authorised for issue by the Director on 24 April 2025, and are signed on its behalf by:
MISTRY, Tejas
Director
Registered Company No. 13533334
SPECKLE PROPERTIES LTD
Notes to the Financial Statements
for the year ended 31 July 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
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.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
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:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year22
3.Capitalised borrowing costs related to property, plant and equipment
Borrowing costs totalling £35,587 have been included in the cost of fixed assets.
4.Fixed asset investments

Total

£
Cost or valuation
At 01 August 23603,751
Additions245,546
At 31 July 24849,297
Net book value
At 31 July 24849,297
At 31 July 23603,751
5.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests5,755107,066
Other debtors100100
Total5,855107,166
6.Current asset investments
50% Share holding in 21GW Ltd for £1 (2023: £1) 50% Share holding in LLSP Ltd for £1
7.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts-408,000
Amounts owed to related parties58,100329,998
Other creditors22,11122,080
Accrued liabilities and deferred income2883,658
Total80,499763,736
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts902,945-
Total902,945-
The bank loan is secured by a fixed charge over the company's assets.
9.Related party transactions
Included within debtors, £Nil (2023: £40,632) is due from 21GW Ltd which is partly owned by Speckle Properties Ltd. £121 (2023: £38,889) is due from 278AG Ltd which is which is partly owned by Speckle Properties Ltd. £374 (2023: £10,000) is due from 42WM Ltd which is controlled by director Mr Tejas Mistry. £3,500 (2023: £Nil) is due from Opaloak Investments Ltd which is controlled by director Mr Tejas Mistry. £1,760 (2023: £Nil) is due from LLSP LTD which is partly owned by Speckle Properties Ltd. Included within creditors, £5,358 (2023: £305,358) is due to Chadworth Investments Ltd which is partly owned by director Mr Tejas Mistry. £1,151 (2023: £17,545 due from) is due to 1ARDG Ltd which is partly owned by Speckle Properties Ltd. £22,080 (2023: £22,080) is due to Rishi Prakash Mistry.