REGISTERED NUMBER: 01573362 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Spedho Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

A G Fernback

REGISTERED OFFICE:

The Beechwood Centre

40 Lower Gravel Road

Bromley

Kent

BR2 8GP

REGISTERED NUMBER:

01573362 (England and Wales)

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of rental, management and trading of commercial properties.

DIRECTOR

A G Fernback held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A G Fernback - Director

9 September 2025

REVENUE

33,328

42,283

Cost of sales

(34,091

)

32,550

GROSS PROFIT

67,419

9,733

Administrative expenses

6,950

5,923

OPERATING PROFIT

60,469

3,810

Interest receivable and similar income

8,522

7,409

PROFIT BEFORE TAXATION

68,991

11,219

Tax on profit

-

(102,209

)

PROFIT FOR THE FINANCIAL YEAR

68,991

113,428

FIXED ASSETS

Property, plant and equipment

4

815,000

815,000

CURRENT ASSETS

Debtors

5

562,327

499,245

Cash at bank

152,543

151,704

714,870

650,949

CREDITORS

Amounts falling due within one year

6

433,990

439,060

NET CURRENT ASSETS

280,880

211,889

TOTAL ASSETS LESS CURRENT LIABILITIES

1,095,880

1,026,889

CREDITORS

Amounts falling due after more than one year

7

(26,209

)

(26,209

)

NET ASSETS

1,122,089

1,053,098

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

588,592

588,592

Other reserves

17,041

17,041

Retained earnings

516,356

447,365

SHAREHOLDERS' FUNDS

1,122,089

1,053,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

A G Fernback - Director

1.	STATUTORY INFORMATION

Spedho 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.

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.

Turnover

Revenue 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.

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.	PROPERTY, PLANT AND EQUIPMENT

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

815,000

NET BOOK VALUE

At 31 December 2024

815,000

At 31 December 2023

815,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,961

10,770

Other debtors

557,366

488,475

562,327

499,245

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

374

65,470

Taxation and social security

60,186

-

Other creditors

373,430

373,590

433,990

439,060

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

(26,209

)

(26,209

)

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

588,592

9.	RELATED PARTY DISCLOSURES

At the year end the company was owed / (owing) the following amounts from/to other group entities.

2024

2023

Centaur Property Group Ltd

333,576.57

279,781.57

Centaur Property Estates Ltd

114,960.00

93,460.00

Alpenmile Properties Ltd

(19,423.00

)

(26,923.00

)

Centaur Property Investments Ltd

88,000.00

54,000.00

Centaur Property Company Ltd

(1,100.00

)

(5,000.00

)

Big Padlock Group Ltd

3,460.00

960.00

Champion Properties LLP

500.00

45,500.00

Big Padlock Ltd

(54,986.46

)

(54,986.46

)

Big Padlock Ayr Ltd

(5,000.00

)

(5,000.00

)

Big Padlock (UK) Ltd

(1,000.00

)

(1,000.00

)

Centaur Financing Ltd

(281,408.18

)

(115,675.96

)