SPG Poulton Properties Limited 15302396 false 2023-11-22 2024-11-30 2024-11-30 The principal activity of the company is the rental of commercial property. Digita Accounts Production Advanced 6.30.9574.0 true 15302396 2023-11-22 2024-11-30 15302396 2024-11-30 15302396 bus:OrdinaryShareClass1 2024-11-30 15302396 core:RetainedEarningsAccumulatedLosses 2024-11-30 15302396 core:ShareCapital 2024-11-30 15302396 core:CurrentFinancialInstruments 2024-11-30 15302396 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 15302396 core:FurnitureFittingsToolsEquipment 2024-11-30 15302396 core:LandBuildings 2024-11-30 15302396 bus:SmallEntities 2023-11-22 2024-11-30 15302396 bus:AuditExemptWithAccountantsReport 2023-11-22 2024-11-30 15302396 bus:FilletedAccounts 2023-11-22 2024-11-30 15302396 bus:SmallCompaniesRegimeForAccounts 2023-11-22 2024-11-30 15302396 bus:RegisteredOffice 2023-11-22 2024-11-30 15302396 bus:Director1 2023-11-22 2024-11-30 15302396 bus:Director2 2023-11-22 2024-11-30 15302396 bus:Director3 2023-11-22 2024-11-30 15302396 bus:Director4 2023-11-22 2024-11-30 15302396 bus:Director5 2023-11-22 2024-11-30 15302396 bus:OrdinaryShareClass1 2023-11-22 2024-11-30 15302396 bus:PrivateLimitedCompanyLtd 2023-11-22 2024-11-30 15302396 bus:Agent1 2023-11-22 2024-11-30 15302396 core:FurnitureFittings 2023-11-22 2024-11-30 15302396 core:FurnitureFittingsToolsEquipment 2023-11-22 2024-11-30 15302396 core:LandBuildings 2023-11-22 2024-11-30 15302396 countries:AllCountries 2023-11-22 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15302396

SPG Poulton Properties Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 22 November 2023 to 30 November 2024

 

SPG Poulton Properties Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

SPG Poulton Properties Limited

Company Information

Directors

Miss Stephanie Louise Glassey

Mr Steven Kevin Glassey

Mr Joshua Gartside

Mrs Claire Alison Dowell

Mr Jacob Gartside

Registered office

139 Red Bank Road
Bispham
Blackpool
Lancashire
FY2 9HZ

Accountants

Rawcliffe & Co Limited
Chartered AccountantsUnit 1 Barons Court
Graceways
Blackpool
Lancashire
FY4 5GP

 

SPG Poulton Properties Limited

(Registration number: 15302396)
Abridged Balance Sheet as at 30 November 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

198,614

Current assets

 

Debtors

5

4,980

Cash at bank and in hand

 

48,571

 

53,551

Prepayments and accrued income

 

1,820

Creditors: Amounts falling due within one year

(210,766)

Net current liabilities

 

(155,395)

Total assets less current liabilities

 

43,219

Provisions for liabilities

(699)

Accruals and deferred income

 

(8,048)

Net assets

 

34,472

Capital and reserves

 

Called up share capital

6

1

Retained earnings

34,471

Shareholders' funds

 

34,472

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

SPG Poulton Properties Limited

(Registration number: 15302396)
Abridged Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 24 April 2025 and signed on its behalf by:
 

.........................................
Miss Stephanie Louise Glassey
Director

.........................................
Mr Steven Kevin Glassey
Director

.........................................
Mr Joshua Gartside
Director

.........................................
Mrs Claire Alison Dowell
Director

.........................................
Mr Jacob Gartside
Director

 

SPG Poulton Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 22 November 2023 to 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
139 Red Bank Road
Bispham
Blackpool
Lancashire
FY2 9HZ

These financial statements were authorised for issue by the Board on 24 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

SPG Poulton Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 22 November 2023 to 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

SPG Poulton Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 22 November 2023 to 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5.

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

194,934

4,600

199,534

At 30 November 2024

194,934

4,600

199,534

Depreciation

Charge for the period

-

920

920

At 30 November 2024

-

920

920

Carrying amount

At 30 November 2024

194,934

3,680

198,614

Included within the net book value of land and buildings above is £194,934 in respect of freehold land and buildings.
 

5

Debtors

Debtors includes £Nil due after more than one year.

 

SPG Poulton Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 22 November 2023 to 30 November 2024

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £0.01 each

120

1