Registered number
13864866
SPV 15 LIMITED
Report and Accounts
30 September 2024
SPV 15 LIMITED
Report and accounts
Contents
Page
Company information 1
Director's report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6 to 10
SPV 15 LIMITED
Company Information
Director
Pakkirisamy Bhoopalan Natarajan
Accountants
Deancoopers
Suite 4, Cranbrook House
61 Cranbrook Road
Ilford
Essex
IG1 4PG
Registered office
Cranbrook House
61 Cranbrook Road
Ilford, England
IG1 4PG
Registered number
13864866
SPV 15 LIMITED
Registered number: 13864866
Director's Report
The director presents his report and accounts for the year ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be that of an investment property company.
Directors
The following persons served as directors during the year:
Pakkirisamy Bhoopalan Natarajan
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 15 May 2025 and signed on its behalf.
Pakkirisamy Bhoopalan Natarajan
Director
SPV 15 LIMITED
Profit and Loss Account
for the year ended 30 September 2024
2024 2023
£ £
Turnover 25,850 2,932
Administrative expenses (7,770) (515)
Operating profit 18,080 2,417
Profit before taxation 18,080 2,417
Tax on profit (4,545) (459)
Profit for the financial year 13,535 1,958
SPV 15 LIMITED
Registered number: 13864866
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 560,122 -
Current assets
Debtors 4 1 52,901
Cash at bank and in hand 19,557 518
19,558 53,419
Creditors: amounts falling due within one year 5 (564,186) (51,460)
Net current (liabilities)/assets (544,628) 1,959
Net assets 15,494 1,959
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,493 1,958
Shareholder's funds 15,494 1,959
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Pakkirisamy Bhoopalan Natarajan
Director
Approved by the board on 15 May 2025
SPV 15 LIMITED
Statement of Changes in Equity
for the year ended 30 September 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 October 2022 1 - - - 1
Profit for the financial year 1,958 1,958
At 30 September 2023 1 - - 1,958 1,959
At 1 October 2023 1 - - 1,958 1,959
Profit for the financial year 13,535 13,535
At 30 September 2024 1 - - 15,493 15,494
SPV 15 LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from renting the investment property. Turnover is recognised on accrual basis. Advanced monthly rental invoices are issued to the tenants and recognised as revenue.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Investment Property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise; and no depreciation is provided in respect of investment properties applying the fair value model.

Investment property fair value is determined by the director based on his understanding of property market conditions and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific assets.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the
primary economic environment in which the company operates, the functional currency. The
financial statements are presented in Pound sterling (£), which is the company’s functional
currency.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
Additions 560,122
At 30 September 2024 560,122
4 Debtors 2024 2023
£ £
Other debtors 1 52,901
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 4,545 459
Other creditors 559,641 51,001
564,186 51,460
6 Related party transactions
As of 30 September 2024, Other Creditors amounting to £559,641 (2023 – £51,001) represent an interest-free loan payable to Chosen Care Group Limited, a company controlled by the same director as SPV 15 Limited.
7 Controlling party
Pakkirisamy Bhoopalan Natarajan is the ultimate controlling party.
8 Other information
SPV 15 LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Cranbrook House
61 Cranbrook Road
Ilford, England
IG1 4PG
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