Company registration number 14515820 (England and Wales)
3 SPIRES PROPERTY PARTNERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
3 SPIRES PROPERTY PARTNERS LIMITED
COMPANY INFORMATION
Director
Mr L J Blood
Company number
14515820
Registered office
24 Manor Court Drive
Handsacre
Rugeley
Staffs
WS15 4TF
Accountants
Property Tax People Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Tide Platform Limited
5th Floor
1 Appold St
London
EC2A 2UT
3 SPIRES PROPERTY PARTNERS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
3 SPIRES PROPERTY PARTNERS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 3 SPIRES PROPERTY PARTNERS LIMITED FOR THE PERIOD ENDED 31 MAY 2025
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 3 Spires Property Partners Limited for the period ended 31 May 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of 3 Spires Property Partners Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 3 Spires Property Partners Limited and state those matters that we have agreed to state to the board of directors of 3 Spires Property Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 3 Spires Property Partners Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that 3 Spires Property Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 3 Spires Property Partners Limited. You consider that 3 Spires Property Partners Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of 3 Spires Property Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Property Tax People Limited
25 July 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
3 SPIRES PROPERTY PARTNERS LIMITED
BALANCE SHEET
- 2 -
31 May 2025
30 November 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,666
Current assets
Debtors
4
8,302
Cash at bank and in hand
1,408
5,235
1,408
13,537
Creditors: amounts falling due within one year
5
(57,310)
(56,044)
Net current liabilities
(55,902)
(42,507)
Net liabilities
(55,902)
(27,841)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(56,002)
(27,941)
Total equity
(55,902)
(27,841)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 25 July 2025
Mr L J Blood
Director
Company registration number 14515820 (England and Wales)
3 SPIRES PROPERTY PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information
3 Spires Property Partners Limited is a private company limited by shares incorporated in England and Wales. The registered office is 24 Manor Court Drive, Handsacre, Rugeley, Staffs, WS15 4TF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rents provided in the normal course of business. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term.
Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
2023
Number
Number
Total
1
1
3 SPIRES PROPERTY PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 4 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 December 2023
18,332
Disposals
(18,332)
At 31 May 2025
Depreciation and impairment
At 1 December 2023
3,666
Depreciation charged in the period
2,240
Eliminated in respect of disposals
(5,906)
At 31 May 2025
Carrying amount
At 31 May 2025
At 30 November 2023
14,666
4
Debtors
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
1,509
Other debtors
2,400
-
3,909
Deferred tax asset
4,393
8,302
5
Creditors: amounts falling due within one year
2025
2023
£
£
Trade creditors
231
Amounts owed to group undertakings
10,900
Other creditors
46,410
55,813
57,310
56,044
3 SPIRES PROPERTY PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2025
- 5 -
6
Called up share capital
2025
2023
2025
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
45
45
45
45
Ordinary B of £1 each
45
45
45
45
Ordinary C of £1 each
5
5
5
5
Ordinary D of £1 each
5
5
5
5
100
100
100
100
7
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
8
Control
Ultimate parent company
The ultimate parent company is L J B Surveying Limited, a company registered in England ad Wales.
Ultimate controlling party
The ultimate controlling party is Mr L J Blood and Mrs E J Blood, by virtue of their controlling interest in the ultimate parent company.