Registration number: NI604503

SPB Belfast Limited

(Registration number: NI604503)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	499,072	959,695
Current assets
Debtors	5	435,284	285,233
Cash at bank and in hand		489,249	532,895
		924,533	818,128
Creditors : due within one year	6	(580,361)	(992,735)
Net current assets/(liabilities)		344,172	(174,607)
Total assets less current liabilities		843,244	785,088
Provisions for liabilities		(9,765)	-
Net assets		833,479	785,088
Capital and reserves
Called up share capital	7	2	2
Retained earnings		833,477	785,086
Shareholders' funds		833,479	785,088

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 June 2026 and signed on its behalf by:
 

......................................... Mr Samuel McLean Director

SPB Belfast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The principal place of business is: Scottish Provident Building, 7 Donegall Square West, Belfast, County Antrim, BT1 6JH.

These financial statements were authorised for issue by the Board on 12 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises rental income from the provision of office accommodation together with the provision of associated services. Rental income is recognised on a straight-line basis over the lease term or on a monthly basis for monthly rolling tenants. The aggregate cost of lease incentives are initially held on the balance sheet and released to the profit and loss account on a straight-line basis over the lease term. Turnover from the sale of services is recognised at the point of provision.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, less any estimated residual value, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	10% reducing balance
Furniture and fittings	25% reducing balance
Office equipment	25% reducing balance

SPB Belfast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2024 - 18).

SPB Belfast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Furniture and fittings  £	Office equipment £	Total £
Cost or valuation
At 1 October 2024	1,731,455	694,739	2,426,194
Additions	58,415	74,619	133,034
Disposals	(1,028,461)	(177,688)	(1,206,149)
At 30 September 2025	761,409	591,670	1,353,079
Depreciation
At 1 October 2024	981,132	485,367	1,466,499
Charge for the year	50,991	51,044	102,035
Eliminated on disposal	(542,485)	(172,042)	(714,527)
At 30 September 2025	489,638	364,369	854,007
Carrying amount
At 30 September 2025	271,771	227,301	499,072
At 30 September 2024	750,323	209,372	959,695

5

Debtors

	Note	2025 £	2024 £
Trade debtors		91,816	29,227
Amounts owed by related parties		91,645	-
Prepayments		251,823	244,090
Other debtors		-	11,916
		435,284	285,233

SPB Belfast Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6	Creditors: due within one year

	2025 £	2024 £
Trade creditors	113,162	81,249
Due to associated company	-	489,000
Taxation and social security	86,137	70,296
Accruals and deferred income	7,650	5,150
Other creditors	373,412	347,040
	580,361	992,735

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2