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SPA CORPORATION LIMITED

REPORT OF THE DIRECTORS AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025






SPA CORPORATION LIMITED (REGISTERED NUMBER: 11367355)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SPA CORPORATION LIMITED

COMPANY INFORMATION
for the year ended 31 May 2025







DIRECTORS: P Mehta
S P Mehta





SECRETARY: S P Mehta





REGISTERED OFFICE: Premier Suite
4 Churchill Court
58 Station Road
North Harrow
HA2 7ST





REGISTERED NUMBER: 11367355 (England and Wales)





ACCOUNTANTS: ADAMS MOORHOUSE LIMITED, Chartered Accountants
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST

SPA CORPORATION LIMITED (REGISTERED NUMBER: 11367355)

STATEMENT OF FINANCIAL POSITION
31 May 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,105 2,214
Investment property 6 530,000 500,000
533,105 502,214

CURRENT ASSETS
Debtors 7 16 16
Cash at bank 130,632 115,527
130,648 115,543
CREDITORS
Amounts falling due within one year 8 62,179 48,648
NET CURRENT ASSETS 68,469 66,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,574

569,109

PROVISIONS FOR LIABILITIES 101,949 94,449
NET ASSETS 499,625 474,660

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 189,612 189,612
Other reserves 213,796 191,296
Retained earnings 96,117 93,652
SHAREHOLDERS' FUNDS 499,625 474,660

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SPA CORPORATION LIMITED (REGISTERED NUMBER: 11367355)

STATEMENT OF FINANCIAL POSITION - continued
31 May 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 18 July 2025 and were signed on its behalf by:





P Mehta - Director


SPA CORPORATION LIMITED (REGISTERED NUMBER: 11367355)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2025


1. STATUTORY INFORMATION

SPA Corporation 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SPA CORPORATION LIMITED (REGISTERED NUMBER: 11367355)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2025


3. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - NIL ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 June 2024 2,460
Additions 1,517
At 31 May 2025 3,977
Depreciation
At 1 June 2024 246
Charge for year 626
At 31 May 2025 872
Net book value
At 31 May 2025 3,105
At 31 May 2024 2,214

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 June 2024 500,000
Revaluations 30,000
At 31 May 2025 530,000
Net book value
At 31 May 2025 530,000
At 31 May 2024 500,000

SPA CORPORATION LIMITED (REGISTERED NUMBER: 11367355)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2025


6. INVESTMENT PROPERTY - continued

Fair value at 31 May 2025 is represented by:
£   
Valuation in 2020 152,440
Valuation in 2022 20,000
Valuation in 2023 80,000
Valuation in 2025 30,000
Cost 247,560
530,000

If Investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 247,560 247,560

Investment property was valued on an open market value basis on 31 May 2025 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 16 16

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 1,375 -
Trade creditors 5,929 4,710
Taxation and social security 1,599 4,280
Other creditors 53,276 39,658
62,179 48,648

9. CONTINGENT LIABILITIES

As far as the director is aware, there were no contingent liabilities at the balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The controlling party is P Mehta.