2023-11-01 09281574 2024-10-31 09281574 2023-11-01 2024-10-31 09281574 2023-10-31 09281574 2022-11-01 2023-10-31 09281574 uk-core:WithinOneYear 2023-10-31 09281574 uk-core:WithinOneYear 2024-10-31 09281574 uk-core:AfterOneYear 2023-10-31 09281574 uk-core:AfterOneYear 2024-10-31 09281574 uk-core:ShareCapital 2024-10-31 09281574 uk-core:ShareCapital 2023-10-31 09281574 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 09281574 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 09281574 uk-bus:Director1 2023-11-01 2024-10-31 09281574 uk-core:WithinOneYear uk-core:Secured 2024-10-31 09281574 uk-core:WithinOneYear uk-core:Secured 2023-10-31 09281574 uk-core:WithinOneYear 2024-10-31 09281574 uk-core:WithinOneYear 2023-10-31 09281574 uk-core:AfterOneYear 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure 09281574 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09281574 uk-bus:FRS102 2023-11-01 2024-10-31 09281574 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 09281574 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
Draft
SPPF Limited
Registered Number:09281574
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
Draft
Registered Number :
09281574
As at 31 October 2024
SPPF Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
17,997,896
17,320,136
2
17,997,896
17,320,136
Current assets
Trade and other receivables
61,051
61,311
3
18,494
Cash and cash equivalents
-
61,311
79,545
Trade and other payables: amounts falling due within one year
(11,695,778)
(12,076,810)
4
(11,616,233)
(12,015,499)
Net current liabilities
Total assets less current liabilities
5,982,397
5,703,903
Trade and other payables: amounts falling due after more than one
year
(4,400,717)
(4,304,380)
5
1,678,017
Net assets
1,303,186
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
1,677,017
1,302,186
1,678,017
1,303,186
Shareholders' funds
For the year ended 31 October 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr Sudesh Mittal Director
These financial statements were approved and authorised for issue by the Board on 21 July 2025 and were signed by:
The notes form part of these financial statements
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3
Draft
For the year ended 31 October 2024
SPPF Limited
Notes to the Financial Statements
Statutory Information
SPPF Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 09281574.
Registered address:
45 Boundaries Road
London
SW12 8EU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives
are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The
directors undertake an annual impairment review of these properties.
2. Property, plant and equipment
Land and
buildings
£
Cost or valuation
At 01 November 2023
17,320,136
677,760
Additions
At 31 October 2024
17,997,896
At 31 October 2024
Net book value
17,997,896
At 31 October 2023
17,320,136
3. Trade and other receivables
2023
2024
£
£
Trade debtors
61,311
61,051
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4
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For the year ended 31 October 2024
SPPF Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
362,257
362,257
Bank loans and overdraft
98,430
-
Trade creditors
199,764
169,811
Taxation and social security
130,766
95,658
Directors' loan accounts
5,433,341
5,444,014
Other creditors
5,852,252
5,624,038
12,076,810
11,695,778
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
4,304,380
4,400,717
The Company has an outstanding loan facility with Cynergy Bank UK, originally drawn down on 14 November 2022 for a total amount of £4,845,000. The loan is repayable on a monthly basis over a period ending in November 2027. The facility carries an interest rate of 5.65% per annum.
6. Average number of persons employed
During the year the average number of employees was 0
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