Company registration number: 09281574
Annual report and unaudited financial statements
for the year ended 31 October 2025
for
SPPF Limited
Pages for filing with the Registrar
Company registration number: 09281574
SPPF Limited
Balance sheet
as at 31 October 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 18,938,619 17,997,896
18,938,619 17,997,896
Current assets
Debtors 1,231,224 61,311
Cash at bank and in hand 8,671 -
1,239,895 61,311
Creditors: amounts falling due within one year
(710,698) (6,545,039)
Net current assets/(liabilities) 529,197 (6,483,728)
Total assets less current liabilities 19,467,816 11,514,168
Creditors: Amounts falling due after more than one year
5 (17,237,700) (9,836,151)
NET ASSETS 2,230,116 1,678,017
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,229,116 1,677,017
TOTAL EQUITY 2,230,116 1,678,017
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 09281574
SPPF Limited
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 23 July 2026 and signed on its behalf by:
Dr S Mittal, Director Dr V Mittal, Director
23 July 2026 23 July 2026
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SPPF Limited
Notes to the financial statements
for the year ended 31 October 2025
1 Company information
SPPF Limited is a private company registered in England and Wales. Its registered number is 09281574. The company is limited by shares. Its registered office is 45 Boundaries Road, London, SW12 8EU. Its principal place of business is ********.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold investment properties - Freehold investment properties are stated at historical cost less any impairment. The directors consider that the residual value of the properties is not less than their carrying amount and, accordingly, no depreciation is charged.



Long leasehold investment properties - Long leasehold investment properties are stated at historical cost less any impairment. The directors consider that the residual value of the properties is not less than their carrying amount and, accordingly, no depreciation is charged.



0:
Fixtures and fitting - 10% straight line
Motor vehicles - 10% straight line
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SPPF Limited
Notes to the financial statements - continued
for the year ended 31 October 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 1).
4 Tangible fixed assets
Land and buildings
0 Totals
£ £ £
Cost
At 1 November 2024 17,997,896 - 17,997,896
Additions 716,854 263,254 980,108
At 31 October 2025 18,714,750 263,254 18,978,004
Depreciation
Charge for year - 39,385 39,385
At 31 October 2025 - 39,385 39,385
Net book value
At 31 October 2025 18,714,750 223,869 18,938,619
At 31 October 2024 17,997,896 - 17,997,896
If ENTER REVALUED CLASS had not been revalued, it would have been included at the following historical cost:
2025 2024
£ £
Cost 18,872,854 17,997,896
Accumulated depreciation - -
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SPPF Limited
Notes to the financial statements - continued
for the year ended 31 October 2025
5 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 4,203,214 4,304,380
Other creditors 13,034,486 5,531,771
17,237,700 9,836,151
The bank loans are secured against the company’s investment properties and other assets under the relevant bank security documents and registered charges. At 31 October 2025, the loans totalled £4,565,471.23, of which £362,257.32 was due within one year and £4,203,213.91 was due after more than one year. The loans bear interest at 5.65% and mature in November 2027


6 Related party transactions
At 31 October 2025, the company had outstanding balances with its directors and other related parties. Amounts owed to related parties totalled £7,414,380.32 (including directors’ loan accounts), and amounts owed by related parties totalled £1,171,820.77. The balances are unsecured, interest free and repayable on demand.
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