REGISTERED NUMBER: 05075681 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

SPEED 9861 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Laverack

S M Laverack

N R Laverack

S R Laverack

SECRETARY:

M R Laverack

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

05075681 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Investment property

4

2,685,000

2,945,000

CURRENT ASSETS

Debtors

5

-

336

Cash at bank and in hand

340,574

151,563

340,574

151,899

CREDITORS

Amounts falling due within one year

6

575,818

683,988

NET CURRENT LIABILITIES

(235,244

)

(532,089

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,449,756

2,412,911

PROVISIONS FOR LIABILITIES

40,843

54,330

NET ASSETS

2,408,913

2,358,581

CAPITAL AND RESERVES

Called up share capital

7

100

100

Non distributable reserve

324,813

367,079

Retained earnings

2,084,000

1,991,402

SHAREHOLDERS' FUNDS

2,408,913

2,358,581

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 2 July 2026 and were signed on its behalf by:

M R Laverack - Director

1.	STATUTORY INFORMATION

Speed 9861 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 is generated from investment property activities and recognised when the rent falls due.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of income and retained earnings.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

2,945,000

Additions

261,849

Disposals

(505,000

)

Revaluations

(16,849

)

At 31 March 2026

2,685,000

NET BOOK VALUE

At 31 March 2026

2,685,000

At 31 March 2025

2,945,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2019

160,169

Valuation in 2021

55,088

Valuation in 2025

167,249

Valuation in 2026

(16,849

)

Cost

2,319,343

2,685,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

2,319,343

2,523,591

Investment properties were valued on a fair value basis on 31 March 2026 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

-

336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

17,955

21,190

Other creditors

557,863

662,798

575,818

683,988

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100