Standard Engineering Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11913994

Standard Engineering Property Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2025

Standard Engineering Property Limited

Financial Statements

Year ended 31 July 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Standard Engineering Property Limited

Officers and Professional Advisers

THE BOARD OF DIRECTORS	K A Malyon
	I R M Holliday

COMPANY SECRETARY	K Harrison

REGISTERED OFFICE	10 Garrard Way
	Telford Way Industrial Estate
	Kettering
	Northamptonshire
	NN16 8TD

ACCOUNTANTS	Streets
	Chartered Accountants
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

BANKERS	HSBC
	13-14 Sloane Square
	London
	SW1W 8SB

Standard Engineering Property Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	1,000,000	850,000

Current assets

Debtors	5	100	100
Cash at bank and in hand		1,004	817
		-------	----
		1,104	917

Creditors: amounts falling due within one year	6	329,886	322,884
		----------	----------
Net current liabilities		328,782	321,967
		------------	----------
Total assets less current liabilities		671,218	528,033

Creditors: amounts falling due after more than one year	7	298,566	338,869

Provisions	8	63,069	24,260
		----------	----------
Net assets		309,583	164,904
		----------	----------

Capital and reserves

Called up share capital	100	100
Investment revaluation reserve	162,966	50,466
Profit and loss account	146,517	114,338
	----------	----------
Shareholders funds	309,583	164,904
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Standard Engineering Property Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

K A Malyon	I R M Holliday
Director	Director

Company registration number: 11913994

Standard Engineering Property Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Garrard Way, Telford Way Industrial Estate, Kettering, Northamptonshire, NN16 8TD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is reliant on the continued support of related parties. The directors are confident that the support will continue to be sufficient to meet the requirements of the company and the financial statements have therefore been prepared on a going concern basis.

Revenue recognition

Turnover represents rents receivable by the company accounted for on an accruals basis, net of value added tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and 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 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.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Investment property

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is recognised in the profit or loss for the year and then transferred into an investment revaluation reserve.

4. Tangible assets

	Investment properties
	£
Cost or valuation
At 1 August 2024	850,000
Revaluations	150,000
	------------
At 31 July 2025	1,000,000
	------------
Depreciation
At 1 August 2024 and 31 July 2025	–
	------------
Carrying amount
At 31 July 2025	1,000,000
	------------
At 31 July 2024	850,000
	------------

The investment property has been valued by the directors on an open market value basis at the reporting date. The historical cost of investment property is £782,712 (2024: £782,712).

5. Debtors

	2025	2024
	£	£
Other debtors	100	100
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	36,754	33,040
Trade creditors	160	–
Other creditors	292,972	289,844
	----------	----------
	329,886	322,884
	----------	----------

Bank loans and overdrafts are secured by a fixed charge over the company's assets.

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	298,566	338,869
	----------	----------

Bank loans and overdrafts are secured by a fixed charge over the company's assets.

Included within creditors: amounts falling due after more than one year is an amount of £116,500 (2024: £175,197) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

8. Provisions

	Deferred tax (note 9)
	£
At 1 August 2024	24,260
Transfers	38,809
	--------
At 31 July 2025	63,069
	--------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 8)	63,069	24,260
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	8,747	7,438
Fair value adjustment of investment property	54,322	16,822
	--------	--------
	63,069	24,260
	--------	--------

10. Operating leases

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	71,400	71,400
Later than 1 year and not later than 5 years	17,850	89,250
	--------	----------
	89,250	160,650
	--------	----------