REGISTERED NUMBER: 01784303 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

SPECIAL PURPOSE PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L A Lambell

J T Lambell

SECRETARY:

Mrs L A Lambell

REGISTERED OFFICE:

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

REGISTERED NUMBER:

01784303 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

90,608

34,304

Investments

6

2,340,932

2,351,934

2,431,540

2,386,238

CURRENT ASSETS

Debtors

7

2,068

75,003

Prepayments and accrued income

1,253

-

Cash at bank

875

8,097

4,196

83,100

CREDITORS

Amounts falling due within one year

8

33,091

37,462

NET CURRENT (LIABILITIES)/ASSETS

(28,895

)

45,638

TOTAL ASSETS LESS CURRENT LIABILITIES

2,402,645

2,431,876

PROVISIONS FOR LIABILITIES

(228,072

)

(228,072

)

ACCRUALS AND DEFERRED INCOME

(1,879

)

(3,190

)

NET ASSETS

2,172,694

2,200,614

CAPITAL AND RESERVES

Called up share capital

50

50

Revaluation reserve

9

1,138,133

1,138,133

Retained earnings

1,034,511

1,062,431

2,172,694

2,200,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2026 and were signed on its behalf by:

J T Lambell - Director

1.	STATUTORY INFORMATION

Special Purpose Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Tangible

and

Motor

investments

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

-

4,951

74,952

79,903

Additions

63,852

1,461

-

65,313

Disposals

-

-

(16,000

)

(16,000

)

At 31 March 2026

63,852

6,412

58,952

129,216

DEPRECIATION

At 1 April 2025

-

2,504

43,095

45,599

Charge for year

-

977

7,942

8,919

Eliminated on disposal

-

-

(15,910

)

(15,910

)

At 31 March 2026

-

3,481

35,127

38,608

NET BOOK VALUE

At 31 March 2026

63,852

2,931

23,825

90,608

At 31 March 2025

-

2,447

31,857

34,304

6.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

investments

Totals

£

£

£

COST

At 1 April 2025

11,002

2,340,932

2,351,934

Additions

49,946

-

49,946

Disposals

(60,948

)

-

(60,948

)

At 31 March 2026

-

2,340,932

2,340,932

NET BOOK VALUE

At 31 March 2026

-

2,340,932

2,340,932

At 31 March 2025

11,002

2,340,932

2,351,934

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

2,068

75,003

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

26,251

20,922

Other creditors

6,840

16,540

33,091

37,462

9.

RESERVES

Revaluatio

reserve

£

At 1 April 2025

and 31 March 2026

1,138,133

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mrs L A Lambell

Balance outstanding at start of year

70,081

108,581

Amounts advanced

59,119

-

Amounts repaid

(133,349

)

(38,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,149

)

70,081

J T Lambell

Balance outstanding at start of year

-

-

Amounts advanced

63,640

-

Amounts repaid

(63,724

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(84

)

-

The loan from the directors to the company is unsecured and repayable on demand. Interest has been charged on the overdrawn balance over £10,000 for Mrs Lambell at 3.75%.