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REGISTERED NUMBER: 03013972 (England and Wales)














S P HOLDINGS (WOODCHURCH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2024 TO 31 JANUARY 2025






S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


S P HOLDINGS (WOODCHURCH) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2024 TO 31 JANUARY 2025







DIRECTORS: C R Parsons
Mrs. M. A. Stratton





SECRETARY: Mrs B Hayward





REGISTERED OFFICE: Dacliffe Industrial Estate
Appledore Road
Woodchurch
Ashford
Kent
TN26 3TG





REGISTERED NUMBER: 03013972 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 550,000 480,000

CURRENT ASSETS
Debtors 5 138,322 196,395
Cash at bank 5,131 7,435
143,453 203,830
CREDITORS
Amounts falling due within one year 6 7,949 4,496
NET CURRENT ASSETS 135,504 199,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,504

679,334

CREDITORS
Amounts falling due after more than
one year

7

(20,000

)

(40,000

)

PROVISIONS FOR LIABILITIES (48,798 ) (32,074 )
NET ASSETS 616,706 607,260

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 339,352 226,950
Retained earnings 277,254 380,210
SHAREHOLDERS' FUNDS 616,706 607,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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.

S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

BALANCE SHEET - continued
31 JANUARY 2025


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 19 May 2025 and were signed on its behalf by:





C R Parsons - Director


S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2024 TO 31 JANUARY 2025


1. STATUTORY INFORMATION

S P Holdings (Woodchurch) 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 (£).


It was decided that the company's accounting period be shortened to end on 31 January in order to provide statutory accounts in advance of the existing year end. As a result, the comparatives are not entirely comparable.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - at varying rates on cost

Taxation
Taxation for the period 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 period 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 period was NIL (2024 - NIL).

S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2024 508,056
Revaluations 70,000
At 31 January 2025 578,056
DEPRECIATION
At 1 April 2024
and 31 January 2025 28,056
NET BOOK VALUE
At 31 January 2025 550,000
At 31 March 2024 480,000

Cost or valuation at 31 January 2025 is represented by:

Freehold
property
£   
Valuation in 2017 118,150
Valuation in 2021 200,000
Valuation in 2025 70,000
Cost 189,906
578,056

Freehold property was revalued on 5 March 2025 on a market value basis by R Sabin BA (Hons) MA MRICS of Sibley Pares Chartered Surveyors.

This valuation is deemed to reflect the value of the property at 31 January 2025.

5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Other debtors 16,224 44,312

Amounts falling due after more than one year:
Other debtors 122,098 152,083

Aggregate amounts 138,322 196,395

Included within other debtors is £122,098 (2024 - £135,859) for the sale of the trading business.

S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 31 JANUARY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 633 2,922
Other creditors 7,316 1,574
7,949 4,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 20,000 40,000

Other creditors represents monies borrowed from a director.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 April 2024 226,950
Deferred Tax transfer 42,402
Revaluation in year 70,000

At 31 January 2025 339,352

Freehold property is measured on a fair value basis.

Historically, deferred tax arising on the revaluation of the freehold property had been included in the distributable reserves. In the period ended 31 January 2025, the deferred tax provision has been transferred to non distributable reserves. This amount is included in the deferred tax transfer between reserves, along with the deferred tax provision arising on the revaluation in the period.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 January 2025 and the year ended 31 March 2024:

2025 2024
£    £   
C R Parsons
Balance outstanding at start of period 44,312 44,312
Amounts repaid - -
Amounts written off (44,312 ) -
Amounts waived - -
Balance outstanding at end of period - 44,312

S P HOLDINGS (WOODCHURCH) LIMITED (REGISTERED NUMBER: 03013972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2024 TO 31 JANUARY 2025


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The above includes transactions with a related charity, which the director is associated with and thus all are deemed to be director loan transactions.

During the period ended 31 January 2025, it was agreed that the loan to the director of £44,312 would be written off with immediate effect.