Registration number: 02747736

Speed 2911 Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Speed 2911 Limited

(Registration number: 02747736)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	10,799	12,198
Investment property	5	985,000	985,000
		995,799	997,198
Current assets
Stocks	6	430,000	430,000
Cash at bank and in hand		64,102	91,015
		494,102	521,015
Creditors: Amounts falling due within one year	7	(484,117)	(508,092)
Net current assets		9,985	12,923
Total assets less current liabilities		1,005,784	1,010,121
Provisions for liabilities		(88,834)	(89,184)
Net assets		916,950	920,937
Capital and reserves
Called up share capital		2	2
Share premium reserve		722,362	722,362
Other reserves		447,464	447,464
Retained earnings		(252,878)	(248,891)
Shareholders' funds		916,950	920,937

Speed 2911 Limited

(Registration number: 02747736)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 30 July 2026 and signed on its behalf by:
 

......................................... R L A Jones Company secretary and director

Speed 2911 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of property development and rental. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises deferred tax.

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 in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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 of assets, other than land and properties under construction over their estimated useful lives, as follows:

Speed 2911 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Asset class	Depreciation method and rate
Freehold land and buildings	2% straight line
Plant and machinery	25% and 10% RBB and 25% SL
Motor vehicles	25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Changes in fair value are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	3,859	153,863	12,800	170,522
Additions	-	690	-	690
At 31 December 2025	3,859	154,553	12,800	171,212
Depreciation
At 1 January 2025	1,619	147,635	9,070	158,324
Charge for the year	77	1,079	933	2,089
At 31 December 2025	1,696	148,714	10,003	160,413
Carrying amount
At 31 December 2025	2,163	5,839	2,797	10,799
At 31 December 2024	2,240	6,228	3,730	12,198

Included within the net book value of land and buildings above is £2,163 (2024 - £2,240) in respect of freehold land and buildings.
 

Speed 2911 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Investment properties

	2025 £
At 1 January	985,000
At 31 December	985,000

At 31 December 2025 the property was valued by the directors at £900,000 (2024: 600,000). The historical cost of the property was £366,402.

There has been no valuation of investment property by an independent valuer.

Speed 2911 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Stocks

	2025 £	2024 £
Other inventories	430,000	430,000

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	-	6,232
Other creditors	484,117	501,860
	484,117	508,092