Spafield Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 00511906

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		181,665		201,984
Investment Properties	5		8,106,324		8,496,324

			8,287,989		8,698,308
CURRENT ASSETS
Debtors	6	80,761		42,412
Cash at bank and in hand		77,797		58,459

		158,558		100,871
Creditors: Amounts Falling Due Within One Year	7	(114,212 )		(82,631 )

NET CURRENT ASSETS (LIABILITIES)			44,346		18,240

TOTAL ASSETS LESS CURRENT LIABILITIES			8,332,335		8,716,548

Creditors: Amounts Falling Due After More Than One Year	8		(2,897,589 )		(3,169,293 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,191,432 )		(1,123,630 )

NET ASSETS			4,243,314		4,423,625

CAPITAL AND RESERVES
Called up share capital	9		40,000		40,000
Capital redemption reserve			5,000		5,000
Profit and Loss Account			4,198,314		4,378,625

SHAREHOLDERS' FUNDS			4,243,314		4,423,625

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Spafield Properties Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs H May

Director

01/06/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Spafield Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00511906 . The registered office is 14 Mallard Industrial Estate, Charles Street, Horbury, West Yorkshire, WF4 5FD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	2% SLM
Plant & Machinery	4% SLM
Fixtures & Fittings	15% Reducing Balance Method
Computer Equipment	33.3% Reducing Balance Method

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Spafield Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2024	3,390	100,350	225,838	8,459	338,037

As at 30 September 2025	3,390	100,350	225,838	8,459	338,037

Depreciation
As at 1 October 2024	68	7,712	121,634	6,639	136,053
Provided during the period	68	4,014	15,630	607	20,319

As at 30 September 2025	136	11,726	137,264	7,246	156,372

...CONTINUED

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Spafield Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025	3,254	88,624	88,574	1,213	181,665

As at 1 October 2024	3,322	92,638	104,204	1,820	201,984

5. Investment Property

	2025
	£
Fair Value
As at 1 October 2024	8,496,324
Disposals	(390,000 )

As at 30 September 2025	8,106,324

The valuation of investment properties were made by the directors on an open market value basis as at 30 September 2025. On a historical cost basis these would have been included at original cost at £3,435,304 (2024:£3,754,553) and aggregate depreciation of £Nil (2024:£Nil).

Fair Value at 30 September 2025 is represented by:

Valuation in 2020 £5,835,324

Valuation in 2021 £1,306,000

Valuation in 2022 £1,000,000

Valuation in 2023 £733,000

Valuation in 2024 (£378,000)

Valuation in 2025 (£390,000)

Valuation Total £8,106,324

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	38,000	26,156
Amounts owed by group undertakings	36,332	12,013
Other debtors	6,429	4,243

	80,761	42,412

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Spafield Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	15,933	40,854
Bank loans and overdrafts	27,636	27,636
Other creditors	66,171	8,709
Taxation and social security	4,472	5,432

	114,212	82,631

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,897,589	3,169,293

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	40,000	40,000

10. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	134,500	93,500

11. Related Party Transactions

As at the Balance Sheet date, the amounts owed from Spafield Holdings Ltd were £36,332.11 (2024: £12,012.80).

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