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Registrar

Registration number: 02611530

S.P.B. Homes Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

S.P.B. Homes Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 6

S.P.B. Homes Limited

Company Information

Directors | S P Butcher

Company secretary | S P Butcher

Registered office | 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers | National Westminster Bank PLC 36 High Street Maldon Essex CM9 5PW

Accountants | Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

S.P.B. Homes Limited

(Registration number: 02611530)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 86 | 115
Investment property | 5 | 1,075,000 | 1,045,000
|  | 1,075,086 | 1,045,115
Current assets |  |  |
Cash at bank and in hand |  | 64,135 | 90,256
Creditors: Amounts falling due within one year | 6 | (254,377) | (255,658)
Net current liabilities |  | (190,242) | (165,402)
Total assets less current liabilities |  | 884,844 | 879,713
Creditors: Amounts falling due after more than one year | 6 | (55,499) | (102,201)
Provisions for liabilities |  | (63,847) | (55,984)
Net assets |  | 765,498 | 721,528
Capital and reserves |  |  |
Called up share capital | 7 | 1,820 | 1,820
Share premium reserve |  | 159,180 | 159,180
Retained earnings |  | 604,498 | 560,528
Shareholders' funds |  | 765,498 | 721,528

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 February 2026

S P Butcher
Company secretary and director

S.P.B. Homes Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

The principal place of business is: 20 Otter Vale, Witham, Essex, CM8 1ZW.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable of rental income from the investment properties.
The company recognises revenue when:
• The amount of revenue can be reliably measured;
• it is probable that future economic benefits will flow to the entity;
• and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

S.P.B. Homes Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% Reducing balance
Computer equipment | 25% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by S P Butcher. S P Butcher uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

S.P.B. Homes Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Fixtures and fittings £ | Computer equipment £ | Total £
Cost or valuation
At 1 August 2024 | 1,818 | 346 | 2,164
At 31 July 2025 | 1,818 | 346 | 2,164
Depreciation
At 1 August 2024 | 1,704 | 345 | 2,049
Charge for the year | 28 | 1 | 29
At 31 July 2025 | 1,732 | 346 | 2,078
Carrying amount
At 31 July 2025 | 86 | - | 86
At 31 July 2024 | 114 | 1 | 115

5 | Investment properties

| 2025 £
At 1 August | 1,045,000
Fair value adjustments | 30,000
At 31 July | 1,075,000

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director.

There has been no valuation of investment property by an independent valuer.

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 101,101 | 103,459
Taxation and social security |  | 5,423 | 4,918
Accruals and deferred income |  | 1,524 | 1,452
Other creditors |  | 146,329 | 145,829
|  | 254,377 | 255,658

Creditors falling due within one year include bank loans which are secured of £6,776 (2024 - £9,596).

S.P.B. Homes Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 55,499 | 102,201

Creditors falling due in more than one year include bank loans which are secured of £55,499 (2024 - £102,201).

Creditors include bank loans repayable by instalments of £22,547 (2024 - £61,600) due after more than five years.

Bank borrowings

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,820 | 1,820 | 1,820 | 1,820

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank loans | 6,776 | 9,596
Other loans | 94,325 | 93,863
| 101,101 | 103,459

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank loans | 55,499 | 102,201