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Company Registration No. 11342139 (England and Wales)
Srm & Spm Properties Ltd Unaudited accounts for the year ended 31 May 2025
Srm & Spm Properties Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Srm & Spm Properties Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
6,660,000
6,660,000
Current assets
Debtors
5
105,393
-
Cash at bank and in hand
756
72,173
106,149
72,173
Creditors: amounts falling due within one year
6
(92,089)
(64,567)
Net current assets
14,060
7,606
Total assets less current liabilities
6,674,060
6,667,606
Creditors: amounts falling due after more than one year
7
(2,627,412)
(2,627,412)
Net assets
4,046,648
4,040,194
Capital and reserves
Called up share capital
20
20
Profit and loss account
4,046,628
4,040,174
Shareholders' funds
4,046,648
4,040,194
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 February 2026 and were signed on its behalf by
Seyed Manafi Director Company Registration No. 11342139
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Srm & Spm Properties Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Srm & Spm Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11342139. The registered office is 5-6 Regency Parade, Finchley Road, London, NW3 5EG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 June 2024
6,660,000
At 31 May 2025
6,660,000
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
105,393
-
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Srm & Spm Properties Ltd Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,514
-
Loans from directors
88,775
64,567
Accruals
1,800
-
92,089
64,567
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,627,412
2,627,412
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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