SPC (2021) LIMITED

Company Registration Number:
13159206 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2025

Period of accounts

Start date: 01 July 2024

End date: 30 June 2025

SPC (2021) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2025

Balance sheet
Notes

SPC (2021) LIMITED

Balance sheet

As at 30 June 2025


Notes
2025
2024


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 15,229 4,494
Tangible assets: 4 5,568,603 5,585,307
Investments:   0 0
Total fixed assets: 5,583,832 5,589,801
Current assets
Stocks: 119,981 127,751
Debtors: 5 1,849,024 996,468
Cash at bank and in hand: 267,442 198,498
Investments:   0 0
Total current assets: 2,236,447 1,322,717
Creditors: amounts falling due within one year: 6 (1,152,081) (3,103,118)
Net current assets (liabilities): 1,084,366 (1,780,401)
Total assets less current liabilities: 6,668,198 3,809,400
Creditors: amounts falling due after more than one year: 7 (6,504,064) (6,134,317)
Provision for liabilities: 0 0
Total net assets (liabilities): 164,134 (2,324,917)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 101,744 101,744
Profit and loss account: 62,290 (2,426,761)
Shareholders funds: 164,134 (2,324,917)

The notes form part of these financial statements

SPC (2021) LIMITED

Balance sheet statements

For the year ending 30 June 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 September 2025
and signed on behalf of the board by:

Name: Dermot King
Status: Director

The notes form part of these financial statements

SPC (2021) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for the sale of food and beverages, excluding value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Freehold property - 50 Years (100% residual value) Long-term leashold property - over the life of the lease Fixture & fittings - 12.5% straight line Office equipment - 20% straight line Other fixed assets - 30% straight line

Intangible fixed assets and amortisation policy

Website development - 5 years

Valuation and information policy

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

SPC (2021) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2025

2. Employees

2025 2024
Average number of employees during the period 181 181

SPC (2021) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2025

3. Intangible Assets

Total
Cost £
At 01 July 2024 13,430
Additions 15,075
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2025 28,505
Amortisation
At 01 July 2024 8,936
Charge for year 4,340
On disposals 0
Other adjustments 0
At 30 June 2025 13,276
Net book value
At 30 June 2025 15,229
At 30 June 2024 4,494

SPC (2021) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2025

4. Tangible Assets

Total
Cost £
At 01 July 2024 6,046,357
Additions 102,324
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2025 6,148,681
Depreciation
At 01 July 2024 461,050
Charge for year 119,028
On disposals 0
Other adjustments 0
At 30 June 2025 580,078
Net book value
At 30 June 2025 5,568,603
At 30 June 2024 5,585,307

SPC (2021) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2025

5. Debtors

Amounts due from related parties are interest free and repayable on demand

SPC (2021) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2025

6. Creditors: amounts falling due within one year note

Amounts due to related parties are interest free and repayable on demand

SPC (2021) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2025

7. Creditors: amounts falling due after more than one year note

Included in amounts owed to group undertakings is a loan is held with Haywood (L&C) Limited. Interest is payable at £30,000 per month The loan is secured by a fixed and floating charge over the Company's leasehold and freehold property. The loan is repayable at the later of 18 months from the date of the agreement, date of the agreement being 3 May 2021 and the sale of assets. At the period end, the sale of assets was not expected in the next 12 months therefore the directors consider it appropriate to disclose the loan as due in more than one year.

SPC (2021) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2025

8. Related party transactions

Included within debtors is £1,323,250 (2024: £468,337) due from companies under common control due to mutual management and directors. No interest is charged on these amounts and they are repayable on demand.