IRIS Accounts Production v26.1.10.61 09282686 director 1.11.24 31.10.25 31.10.25 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09282686 2024-10-31 09282686 2025-10-31 09282686 2024-11-01 2025-10-31 09282686 2023-10-31 09282686 2023-11-01 2024-10-31 09282686 2024-10-31 09282686 ns15:EnglandWales 2024-11-01 2025-10-31 09282686 ns14:PoundSterling 2024-11-01 2025-10-31 09282686 ns10:Director1 2024-11-01 2025-10-31 09282686 ns10:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 09282686 ns10:SmallEntities 2024-11-01 2025-10-31 09282686 ns10:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 09282686 ns10:SmallCompaniesRegimeForDirectorsReport 2024-11-01 2025-10-31 09282686 ns10:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 09282686 ns10:FullAccounts 2024-11-01 2025-10-31 09282686 ns10:RegisteredOffice 2024-11-01 2025-10-31 09282686 ns5:CurrentFinancialInstruments 2025-10-31 09282686 ns5:CurrentFinancialInstruments 2024-10-31 09282686 ns5:Non-currentFinancialInstruments 2025-10-31 09282686 ns5:Non-currentFinancialInstruments 2024-10-31 09282686 ns5:ShareCapital 2025-10-31 09282686 ns5:ShareCapital 2024-10-31 09282686 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 09282686 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 09282686 ns5:PlantMachinery 2024-10-31 09282686 ns5:PlantMachinery 2024-11-01 2025-10-31 09282686 ns5:PlantMachinery 2025-10-31 09282686 ns5:PlantMachinery 2024-10-31 09282686 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-10-31 09282686 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-10-31 09282686 ns5:CurrentFinancialInstruments 2024-11-01 2025-10-31 09282686 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-10-31 09282686 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-10-31

REGISTERED NUMBER: 09282686 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SPB LETTINGS LIMITED

| SPB LETTINGS LIMITED (REGISTERED NUMBER: 09282686) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| SPB LETTINGS LIMITED |

COMPANY INFORMATION

for the Year Ended 31 October 2025

| DIRECTOR: | Dr S P Boulis

| REGISTERED OFFICE: | Langley House

| Park Road

| London

| N2 8EY

| REGISTERED NUMBER: | 09282686 (England and Wales)

| ACCOUNTANTS: | Accura Accountants Ltd

| Langley House

| 53 Theobald Street

| Borehamwood

| WD6 4RT

| SPB LETTINGS LIMITED (REGISTERED NUMBER: 09282686) |

STATEMENT OF FINANCIAL POSITION

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,412 |  | 2,838 |  |

Investment property | 5 | 4,617,051 |  | 4,617,051 |  |

4,619,463 |  | 4,619,889 |  |

CURRENT ASSETS

Debtors | 6 | 355,201 |  | 701,551 |  |

Cash at bank | 12,197 |  | 10,361 |  |

367,398 |  | 711,912 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,150,253 |  | 2,072,538 |  |

NET CURRENT LIABILITIES | (1,782,855 | ) | (1,360,626 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,836,608 |  | 3,259,263 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 2,624,719 |  | 3,057,537 |  |

NET ASSETS | 211,889 |  | 201,726 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 211,888 |  | 201,725 |  |

211,889 |  | 201,726 |  |

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

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

The director acknowledges his 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.

| SPB LETTINGS LIMITED (REGISTERED NUMBER: 09282686) |

STATEMENT OF FINANCIAL POSITION - continued

31 October 2025

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 director and authorised for issue on 14 July 2026 and were signed by:

Dr S P Boulis - Director

| SPB LETTINGS LIMITED (REGISTERED NUMBER: 09282686) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| SPB Lettings 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.

| The financial statements have been prepared on the going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers. The director is of the opinion that the creditors and financiers will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

| Significant judgements and estimates

| There are no significant estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, 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 & fittings - 15% reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficits arising from changes in fair value are recognised in profit or loss.

| This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

| The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

| SPB LETTINGS LIMITED (REGISTERED NUMBER: 09282686) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Impairment of assets

| A review for indicators of impairment is carried out at each reporting date with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the assets is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purpose of impairment testing, when it is not possible to estimate the recoverable amount of individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets of groups of assets.

| For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

| SPB LETTINGS LIMITED (REGISTERED NUMBER: 09282686) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Finance costs

| Finance costs are charged to the income statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 6,444 |  |

| DEPRECIATION

| At 1 November 2024 | 3,606 |  |

| Charge for year | 426 |  |

| At 31 October 2025 | 4,032 |  |

| NET BOOK VALUE

| At 31 October 2025 | 2,412 |  |

| At 31 October 2024 | 2,838 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 4,617,051 |  |

| NET BOOK VALUE

| At 31 October 2025 | 4,617,051 |  |

| At 31 October 2024 | 4,617,051 |  |

| In the opinion of the directors of the company, there is no material movement between cost and market value of the property.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.25 |  | 31.10.24

£ | £ |

| Amounts owed by participating interests | 170,602 |  | 516,952 |  |

| Other debtors | 184,599 |  | 184,599 |  |

355,201 |  | 701,551 |  |

| SPB LETTINGS LIMITED (REGISTERED NUMBER: 09282686) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 October 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank loans and overdrafts | 37 |  | 34 |  |

| Trade creditors | 1,894 |  | 1,894 |  |

| Amounts owed to participating interests | 2,006,200 |  | 1,982,195 |  |

| Taxation and social security | 21,841 |  | 26,818 |  |

| Other creditors | 120,281 |  | 61,597 |  |

2,150,253 |  | 2,072,538 |  |

| Included within other creditors are accrued expenses of £1,873 (2024: £1,873).

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.10.25 |  | 31.10.24

£ | £ |

| Bank loans | 2,624,719 |  | 3,057,537 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 2,624,719 |  | 3,057,537 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.10.25 |  | 31.10.24

£ | £ |

| Secure debts | 2,624,719 |  | 3,057,537 |  |

| Bank loans are secured by way of fixed and floating charges against company's assets.