REGISTERED NUMBER: 01092686 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Speeds Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Speed

Mrs K A Speed

REGISTERED OFFICE:

Slaley Hall

Slaley

Bonsall

Matlock

Derbyshire

DE4 2BB

REGISTERED NUMBER:

01092686 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

4

1,532,400

1,532,400

CURRENT ASSETS

Cash at bank

54,894

4,202

CREDITORS

Amounts falling due within one year

5

18,215

22,405

NET CURRENT ASSETS/(LIABILITIES)

36,679

(18,203

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,569,079

1,514,197

CAPITAL AND RESERVES

Called up share capital

64,581

64,581

Capital redemption reserve

25,739

25,739

Retained earnings

1,478,759

1,423,877

1,569,079

1,514,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2026 and were signed on its behalf by:

M Speed - Director

1.	STATUTORY INFORMATION

Speeds Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents property rentals receivable. Turnover is recognised when rentals are due in accordance with the lease terms.

Investment property

Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,532,400

NET BOOK VALUE

At 31 December 2025

1,532,400

At 31 December 2024

1,532,400

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

1,532,400

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

2,388,321

2,388,321

Investment property was valued on the fair value basis on 31 December 2025 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

18,215

18,405

Accruals and deferred income

-

4,000

18,215

22,405