Specwall Holdings Limited iXBRL

Company Registration Number: 13477735

Specwall Holdings Limited

Unaudited Financial Statements

for the financial year ended 31 December 2024

Specwall Holdings Limited

DIRECTORS AND OTHER INFORMATION


Directors	Matthew James Jay
	Philip James Jay
	David Russell
	Thomas David Russell


Company Registration Number	13477735


Registered Office and Business Address	82 King Street
	Regus
	Manchester
	M2 4WQ


Accountants	Quarter
	Chartered Accountants
	St Anne's House
	15 Church Street
	Cathedral Quarter
	BT1 1PG
	United Kingdom


Bankers	Barclays Bank
	Barclays Leicester
	Leicester
	LE87 2BB
	United Kingdom


Solicitors	A&L Goodbody
	6th Floor
	42/46 Fountain Street
	Belfast
	BT1 5EF

Specwall Holdings Limited

CHARTERED ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of Specwall Holdings Limited

for the financial year ended 31 December 2024

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 December 2024 as set out on pages to which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of Specwall Holdings Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position for the year ended 31 December 2024 your duty to ensure that Specwall Holdings 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 profit of Specwall Holdings Limited. You consider that Specwall Holdings Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Specwall Holdings Limited. For this reason, we have not verified the adequacy, 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.

__________________________________

QUARTER

Chartered Accountants

St Anne's House

15 Church Street

Cathedral Quarter

BT1 1PG

United Kingdom

23 December 2025

Specwall Holdings Limited

Company Registration Number: 13477735

STATEMENT OF FINANCIAL POSITION

as at 31 December 2024

		2024	2023
	Notes	£	£

Non-Current Assets

Financial assets	4	30	30
		─────────	─────────

Current Assets

Receivables

- amounts falling due after more than one year

783,905

778,905

Cash and cash equivalents

520

879

─────────

784,425

779,784

─────────

Payables: amounts falling due within one year

(4,549)

─────────

Net Current Assets

779,876

779,784

─────────

Total Assets less Current Liabilities

779,906

779,814

Payables:

amounts falling due after more than one year

(355,000)

(355,000)

─────────

Net Assets

424,906

424,814

═════════

Equity

Called up share capital

500

500

Retained earnings

424,406

424,314

─────────

Equity attributable to owners of the company

424,906

424,814

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 23 December 2025 and signed on its behalf by



________________________________
Philip James Jay
Director

Specwall Holdings Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

General Information

Specwall Holdings Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 13477735. The registered office of the company is 82 King Street, Regus, Manchester, M2 4WQ which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Financial assets

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the financial year in which it is receivable.

Trade and other receivables

Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 4, (2023 - 4).

2024

2023

Number

Number

Director

═════════


4.	Financial fixed assets
		Group and
		participating
		interests/
		joint ventures
	Investments	£
	Cost

	At 31 December 2024	30
		─────────
	Carrying amount
	At 31 December 2024	30
		═════════
	At 31 December 2023	30
		═════════

4.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

Specwall SP Limited

Unit 14 Alliance House, Westpoint Enterprise Park, Clarence Avenue, Manchester, United Kingdom, M17 1QS

Specialised construction activities

Ordinary

30%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Year ended

Capital and

Profit for

reserves

the year

Specwall SP Limited

31 December 2024

(1,099,618)

285,548

═════════

In the opinion of the directors, the value to thecompany of the unlisted investments is not materially less than the book amount shown above.


5.	Receivables	2024	2023
		£	£

	Amounts owed by group undertakings (Note 9)	783,905	778,905
		═════════	═════════


Amounts falling due after more than one year and included in receivables are:

	2024	2023
	£	£

Amounts owed by group undertakings	783,905	778,905
	═════════	═════════


6.	Payables	2024	2023
	Amounts falling due within one year	£	£

	Bank overdrafts	104	-
	Directors' current accounts	4,445	-
		─────────	─────────
		4,549	-
		═════════	═════════


7.	Payables	2024	2023
	Amounts falling due after more than one year	£	£

	Amounts owed to connected parties (Note 9)	355,000	355,000
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2024.

Related party transactions

The following amounts are due to other connected parties:

2024

2023

Amounts falling due after more than one year

355,000

355,000

═════════

PAG Ventures Limited

Transactions and balances with group company:

2024

2023

Specwall SP Ltd

Amount due from Specwall SP Ltd

783,905

778,905

═════════

10.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.