Company registration number 05431394 (England and Wales)
SPARKWELL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
SPARKWELL LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
SPARKWELL LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
€
€
€
€
Fixed assets
Tangible assets
5
1,340,000
1,340,000
Current assets
Cash at bank and in hand
11,740
10,609
Creditors: amounts falling due within one year
6
(30,937)
(26,764)
Net current liabilities
(19,197)
(16,155)
Total assets less current liabilities
1,320,803
1,323,845
Provisions for liabilities
7
(65,776)
(65,776)
Net assets
1,255,027
1,258,069
Capital and reserves
Called up share capital
712,300
712,300
Revaluation reserve
8
418,525
418,525
Profit and loss reserves
8
124,202
127,244
Total equity
1,255,027
1,258,069

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 March 2026 and are signed on its behalf by:
Mr D Pagella
Director
Company registration number 05431394 (England and Wales)
SPARKWELL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
€
€
€
€
Balance at 1 January 2024
712,300
321,025
134,607
1,167,932
Year ended 31 December 2024:
Profit for the year
-
-
120,455
120,455
Other comprehensive income:
Revaluation of tangible fixed assets
-
97,500
(97,500)
-
Total comprehensive income for the year
-
0
97,500
22,955
120,455
Dividends
-
-
(30,318)
(30,318)
Balance at 31 December 2024
712,300
418,525
127,244
1,258,069
Year ended 31 December 2025:
Profit and total comprehensive income for the year
-
-
25,424
25,424
Dividends
-
-
(28,466)
(28,466)
Balance at 31 December 2025
712,300
418,525
124,202
1,255,027
SPARKWELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Sparkwell Limited is a private company limited by shares incorporated in England and Wales. The registered office is Beacon House, 15 Christchurch Road, Bournemouth, Dorset, BH1 3LB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in euro, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest €.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents gross rents receivable from tenants of the company's freehold investment properties. Rental income is recognised in the financial statements in the period to which the rental income actually relates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold investment properties
None

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

It is the company's policy to maintain the properties so that the estimated residual value will not be impaired over time. The costs of this maintenance are charged to the statement of income and retained earnings as incurred. The directors are of the opinion that any depreciation in respect of the company's freehold properties would be immaterial and consequently no provision is made in the accounts for such depreciation.

1.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.5
Financial instruments
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.

SPARKWELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

1.7
Foreign exchange

Transactions in currencies other than euro are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty
Critical judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investment property

The judgement that management has made in the process of applying the entity's accounting policies and that has the most significant effect on the amounts recognised in the financial statements is the fair value estimate s by the directors of the freehold investment properties as at 31 December 2025. However, if the properties were to be sold then the amounts realised could be higher or lower than these estimates potentially generating a material profit or loss on disposal depending upon the circumstances of any future sales.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
SPARKWELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
4
Taxation
2025
2024
€
€
Current tax
Foreign current tax on profits for the current period
12,904
14,212
Deferred tax
Origination and reversal of timing differences
-
0
32,500
Total tax charge
12,904
46,712
5
Tangible fixed assets
Freehold investment properties
€
Cost or valuation
At 1 January 2025 and 31 December 2025
1,340,000
Depreciation and impairment
At 1 January 2025 and 31 December 2025
-
0
Carrying amount
At 31 December 2025
1,340,000
At 31 December 2024
1,340,000

The freehold investment properties have been revalued by the directors as at 31 December 2025 at fair value based upon their own assessment assisted by informal valuation advice from local property professionals.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

SPARKWELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
5
Tangible fixed assets
(Continued)
- 6 -
Investment
property
€
At 31 December 2025
Aggregate cost
855,699
Aggregate depreciation
-
Carrying value
855,699
At 31 December 2024
Aggregate cost
855,699
Aggregate depreciation
-
Carrying value
855,699
6
Creditors: amounts falling due within one year
2025
2024
€
€
Other creditors
30,937
26,764
7
Provisions for liabilities
2025
2024
€
€
Deferred tax liabilities
65,776
65,776

The deferred tax liability relates to the fair value revaluation of freehold investment properties with tax calculated at the rate of 25% (2024: 25%) on the amount by which the revalued freehold investment properties exceeds the sum of their original cost plus indexation allowance, less unused available capital tax losses brought forward.

SPARKWELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
8
Reserves
Revaluation reserve

This is a non-distributable reserve and represents the cumulative amount of revaluations of the company's investment properties.

Profit and loss account

This is a distributable reserve and represents cumulative profits and losses net of dividends.

9
Related party transactions
2025
2024
Amounts due to related parties
€
€
Key management personnel
21,059
16,168

All amounts owing by the company are unsecured.

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