REGISTERED NUMBER: 13223316 (England and Wales)

SPK Housing Limited

Unaudited Financial Statements for the Year Ended 28 February 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Kerslake

REGISTERED OFFICE:

10 Cannards Grave

Shepton Mallet

Somerset

BA4 4LY

REGISTERED NUMBER:

13223316 (England and Wales)

ACCOUNTANTS:

Webb & Co Ltd

Accountants and Business Advisers

One New Street

Wells

Somerset

BA5 2LA

FIXED ASSETS

Tangible assets

4

14,400

-

Investment property

5

1,087,182

828,721

1,101,582

828,721

CURRENT ASSETS

Debtors

6

16,468

2,421

Cash at bank

8,569

3,098

25,037

5,519

CREDITORS

Amounts falling due within one year

7

298,411

273,348

NET CURRENT LIABILITIES

(273,374

)

(267,829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

828,208

560,892

CREDITORS

Amounts falling due after more than one year

8

(655,783

)

(546,036

)

PROVISIONS FOR LIABILITIES

(38,797

)

(3,625

)

NET ASSETS

133,628

11,231

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

105,590

29,631

Retained earnings

27,938

(18,500

)

SHAREHOLDERS' FUNDS

133,628

11,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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.

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.

The financial statements were approved by the director and authorised for issue on 5 July 2026 and were signed by:

S Kerslake - Director

1.	STATUTORY INFORMATION

SPK Housing 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.

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

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 represents the amount derived from the sale of goods and services, excluding Value Added Tax (VAT) and trade discounts. The company recognises turnover as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from work done is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to work done.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Rental Income

Rental income from properties are recognised on a straight-line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Incentives granted to tenants, such as rent-free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognised when the related services are performed

Tangible fixed assets

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

Motor vehicles

-

20% on cost

Investment property

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

Taxation

Taxation for the year comprises current and deferred tax. 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 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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

18,000

At 28 February 2026

18,000

DEPRECIATION

Charge for year

3,600

At 28 February 2026

3,600

NET BOOK VALUE

At 28 February 2026

14,400

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

828,721

Additions

157,182

Revaluations

101,279

At 28 February 2026

1,087,182

NET BOOK VALUE

At 28 February 2026

1,087,182

At 28 February 2025

828,721

Fair value at 28 February 2026 is represented by:

£

Valuation in 2024

39,508

Valuation in 2026

101,279

Cost

946,395

1,087,182

If investment properties had not been revalued they would have been included at the following historical cost £946,395 (2024 - £789,213).

Investment properties were valued on an open market basis on 28 February 2026 by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

11,116

971

Other debtors

5,352

1,450

16,468

2,421

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

4,094

-

Other creditors

294,317

273,348

298,411

273,348

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

655,783

546,036

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

655,783

546,036

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

655,783

546,036

Bank loans with a carrying value of £655,783 (2024 - £546,036) are secured by way of a debenture over the assets of the company, a legal charge over the freehold properties belonging to the company and a personal guarantee of £109,687 given by the director.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100