REGISTERED NUMBER: 09861582 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2025

for

SPP Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Hanrahan

Mrs S Hanrahan

SECRETARY:

Mrs S Hanrahan

REGISTERED OFFICE:

Innovation House

Molly Millars Close

Wokingham

Berkshire

RG41 2RX

REGISTERED NUMBER:

09861582 (England and Wales)

ACCOUNTANTS:

PPK Accountants Limited

Chartered Certified Accountants

Sandhurst House

297 Yorktown Road

Sandhurst

Berkshire

GU47 0QA

FIXED ASSETS

Tangible assets

4

51,736

42,510

Investment property

5

2,384,950

2,075,000

2,436,686

2,117,510

CURRENT ASSETS

Debtors

6

36,365

283

Cash at bank

86,542

657,988

122,907

658,271

CREDITORS

Amounts falling due within one year

7

2,746,540

1,376,540

NET CURRENT LIABILITIES

(2,623,633

)

(718,269

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(186,947

)

1,399,241

CREDITORS

Amounts falling due after more than one year

8

-

(1,338,966

)

PROVISIONS FOR LIABILITIES

-

(75,250

)

NET LIABILITIES

(186,947

)

(14,975

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(187,047

)

(15,075

)

SHAREHOLDERS' FUNDS

(186,947

)

(14,975

)

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

R J Hanrahan - Director

Mrs S Hanrahan - Director

1.	STATUTORY INFORMATION

SPP Property Ltd 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

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group undertakings and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was 2 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2023

82,168

Additions

29,604

Disposals

(7,277

)

At 31 March 2025

104,495

DEPRECIATION

At 1 October 2023

39,658

Charge for period

13,101

At 31 March 2025

52,759

NET BOOK VALUE

At 31 March 2025

51,736

At 30 September 2023

42,510

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

2,075,000

Additions

822,837

Disposals

(317,500

)

Revaluations

(195,387

)

At 31 March 2025

2,384,950

NET BOOK VALUE

At 31 March 2025

2,384,950

At 30 September 2023

2,075,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

(195,387

)

Valuation in 2023

301,000

Cost

2,279,337

2,384,950

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

2025

2023

£

£

Cost

2,326,837

1,774,000

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

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

-

283

Other debtors

36,365

-

36,365

283

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Amounts owed to group undertakings

2,745,100

1,375,100

Other creditors

1,440

1,440

2,746,540

1,376,540

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Bank loans

-

1,338,966

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,338,966

9.	RELATED PARTY DISCLOSURES

At the year end £2,745,100 (2023 £1,375,100) was owed to SPP Consulting Limited, a company under common control.