REGISTERED NUMBER: 11931410 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SPEKE PROPERTY HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I R Liddell

SECRETARY:

N K Brooks

REGISTERED OFFICE:

Upminster Court, 133 Hall Lane

Upminster

United Kingdom

RM14 1AL

REGISTERED NUMBER:

11931410 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Green LLB FCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Tangible assets

4

20,751,248

19,633,371

CURRENT ASSETS

Debtors

5

84,142

3,706,001

Cash at bank

1,990,076

-

2,074,218

3,706,001

CREDITORS

Amounts falling due within one year

6

23,566,832

23,339,371

NET CURRENT LIABILITIES

(21,492,614

)

(19,633,370

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(741,366

)

1

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(741,367

)

-

SHAREHOLDERS' FUNDS

(741,366

)

1

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 director and authorised for issue on 11 July 2025 and were signed by:

I R Liddell - Director

1.	STATUTORY INFORMATION

Speke Property Holdings 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern

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. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis despite the deficit in shareholders funds.

The Company is able to draw on the support of its Parent Company.

The Director has made reasonable enquiries to enable them to consider the ability of the parent company to

support the Company. Taking into account the matters described above the Director believes that the Company will be able to meet its liabilities as they fall due and will have adequate resources to continue in operational existence until at least 31 December 2026.

Having considered all the relevant facts the Director considers it is appropriate to prepare the financial statements on a going concern basis.

Tangible fixed assets

Freehold land is not depreciated.

In accordance with FRS102 Section 17.10, the cost of an item of property, plant and equipment comprises all of the following:

(a)its purchase price, including legal and brokerage fees, import duties and non-refundable purchase taxes, after deducting trade discounts and rebates; and

(b)any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. These can include the costs of site preparation, initial delivery and handling, installation and assembly, and testing of functionality.

Costs that are connected to an item of property, plant and equipment but that are not directly attributable to the asset cannot be capitalised and must be recognised as an expense in profit or loss when incurred.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Assets in

the

Freehold

course of

land

construction

Totals

£

£

£

COST

At 1 January 2024

19,633,371

-

19,633,371

Additions

50,370

1,067,507

1,117,877

At 31 December 2024

19,683,741

1,067,507

20,751,248

NET BOOK VALUE

At 31 December 2024

19,683,741

1,067,507

20,751,248

At 31 December 2023

19,633,371

-

19,633,371

During the year the company spent £1,067,507 in costs associated with the clearance and preparation of its freehold land site for future use.

As these costs are directly attributable to the potential construction of a future asset, they have been capitalised within assets under the course of construction.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

84,142

3,706,001

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

96,080

-

Amounts owed to group undertakings

23,453,716

23,339,371

Other creditors

17,036

-

23,566,832

23,339,371

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Green LLB FCA (Senior Statutory Auditor)

for and on behalf of THP Limited

9.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Uniserve Holdings Limited, a company incorporated in England and Wales.

The ultimate parent company is GB Global Holdco. Pte. Ltd, a company incorporated in Singapore.

The largest group in the UK for which group accounts are prepared is headed by GB Europe Holdings Limited. A copy of the consolidated accounts may be obtained from Companies House.

The ultimate controlling party is I R Liddell.