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REGISTERED NUMBER: 09587731















1SPR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2024






1SPR LIMITED (REGISTERED NUMBER: 09587731)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1SPR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J A L Sprenger
C M Sprenger





REGISTERED OFFICE: Highfield ICON
First Point
Balby Carr Bank
Doncaster
South Yorkshire
DN4 5JQ





REGISTERED NUMBER: 09587731






1SPR LIMITED (REGISTERED NUMBER: 09587731)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 6,784,711 6,784,711

CURRENT ASSETS
Debtors 5 54,277 351
Cash at bank 307,810 62,323
362,087 62,674
CREDITORS
Amounts falling due within one year 6 4,730,431 3,320,036
NET CURRENT LIABILITIES (4,368,344 ) (3,257,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,416,367

3,527,349

CREDITORS
Amounts falling due after more than one
year

7

1,701,655

2,812,708
NET ASSETS 714,712 714,641

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 714,612 714,541
SHAREHOLDERS' FUNDS 714,712 714,641

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

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

The directors acknowledge their 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.

1SPR LIMITED (REGISTERED NUMBER: 09587731)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





C M Sprenger - Director


1SPR LIMITED (REGISTERED NUMBER: 09587731)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

1SPR Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

1SPR LIMITED (REGISTERED NUMBER: 09587731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 6,784,711
NET BOOK VALUE
At 31 July 2024 6,784,711
At 31 July 2023 6,784,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,162 177
Other debtors 46,115 174
54,277 351

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 100,338 209,513
Trade creditors 27,531 -
Taxation and social security 17 41,965
Other creditors 4,602,545 3,068,558
4,730,431 3,320,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,701,655 2,812,708

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,801,993 3,022,221

The bank loans are secured on various assets of the company and are guaranteed by other associated companies.

9. OTHER FINANCIAL COMMITMENTS

The total amount of commitments is £174,000 (2023- £174,600).

1SPR LIMITED (REGISTERED NUMBER: 09587731)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. RELATED PARTY DISCLOSURES

Amounts due to companies under common control of the directors £1,909,808 (2023: £457,791). The loans are interest free with no set repayment date.