S P Holdings (Woodchurch) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03013972 (England and Wales)

S P HOLDINGS (WOODCHURCH) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

C R Parsons

Mrs. M. A. Stratton

SECRETARY:

Mrs B Hayward

REGISTERED OFFICE:

Dacliffe Industrial Estate

Appledore Road

Woodchurch

Ashford

Kent

TN26 3TG

REGISTERED NUMBER:

03013972 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

82 High Street

Tenterden

Kent

TN30 6JG

FIXED ASSETS

Tangible assets

4

550,000

CURRENT ASSETS

Debtors

5

131,876

138,322

Cash at bank

3,061

5,131

134,937

143,453

CREDITORS

Amounts falling due within one year

6

4,530

7,949

NET CURRENT ASSETS

130,407

135,504

TOTAL ASSETS LESS CURRENT
LIABILITIES

680,407

685,504

CREDITORS

Amounts falling due after more than
one year

7

(20,000

)

(20,000

)

PROVISIONS FOR LIABILITIES

(48,798

)

(48,798

)

NET ASSETS

611,609

616,706

CAPITAL AND RESERVES

Called up share capital

8

100

Revaluation reserve

9

339,352

Retained earnings

272,157

277,254

SHAREHOLDERS' FUNDS

611,609

616,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 1 June 2026 and were signed on its behalf by:

C R Parsons - Director

1.	STATUTORY INFORMATION

S P Holdings (Woodchurch) 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 is measured at the fair value of the consideration received or receivable, excluding

discounts and rebates.

Tangible fixed assets

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

Freehold property

-

at varying rates on cost

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 NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 February 2025

and 31 January 2026

578,056

DEPRECIATION

At 1 February 2025

and 31 January 2026

28,056

NET BOOK VALUE

At 31 January 2026

550,000

At 31 January 2025

550,000

Cost or valuation at 31 January 2026 is represented by:

Freehold

property

£

Valuation in 2017

118,150

Valuation in 2021

200,000

Valuation in 2025

70,000

Cost

189,906

578,056

Freehold property was revalued on 5 March 2025 on a market value basis by R Sabin BA (Hons) MA MRICS of Sibley Pares Chartered Surveyors.

This valuation is deemed to reflect the value of the property at 31 January 2026.

5.

DEBTORS

2026

2025

£

Amounts falling due within one year:

Other debtors

16,224

Amounts falling due after more than one year:

Other debtors

115,652

122,098

Aggregate amounts

131,876

138,322

Included within other debtors is £115,652 (2025 - £122,098) for the sale of the trading business.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

888

-

Taxation and social security

2,442

633

Other creditors

1,200

7,316

4,530

7,949

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Other creditors

20,000

Other creditors represents monies borrowed from a director.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

100

Ordinary

£1

100

9.

RESERVES

Revaluation

reserve

£

At 1 February 2025

and 31 January 2026

339,352

Freehold property is measured on a fair value basis.

Historically, deferred tax arising on the revaluation of the freehold property had been included in the distributable reserves. In the period ended 31 January 2025, the deferred tax provision was transferred to non distributable reserves. This amount is included in the deferred tax transfer between reserves, along with the deferred tax provision arising on the revaluation in the period.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2026 and the period ended 31 January 2025:

2026

2025

£

C R Parsons

Balance outstanding at start of year

-

44,312

Amounts repaid

-

Amounts written off

-

(44,312

)

Amounts waived

-

Balance outstanding at end of year

-

The above includes transactions with a related charity, which the director is associated with and thus all are deemed to be director loan transactions.

During the period ended 31 January 2025, it was agreed that the loan to the director of £44,312 would be written off with immediate effect.