Registered number
13250525
Spice Properties Ltd
Filleted Accounts
31 March 2026

Spice Properties Ltd
Registered number: | 13250525
Balance Sheet
as at 31 March 2026
Notes |  |  | 2026 |  |  | 2025
£ | £
Fixed assets
Tangible assets | 3 |  |  | 5,656 |  |  | 7,883
Investments | 4 |  |  | 2,480,001 |  |  | 2,580,001
|  |  |  | 2,485,657 |  |  | 2,587,884
Current assets
Debtors | 5 |  | 4,031 |  |  | 2,061
Cash at bank and in hand |  |  | 15,764 |  |  | 21,139
|  |  | 19,795 |  |  | 23,200
Creditors: amounts falling due within one year | 6 |  | (451,874) |  |  | (566,256)
Net current liabilities |  |  |  | (432,079) |  |  | (543,056)
Total assets less current liabilities |  |  |  | 2,053,578 |  |  | 2,044,828
Creditors: amounts falling due after more than one year | 7 |  |  | (1,305,693) |  |  | (1,305,693)
Provisions for liabilities |  |  |  | (123,914) |  |  | (149,222)
Net assets |  |  |  | 623,971 |  |  | 589,913
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account | 8 |  |  | 623,871 |  |  | 589,813
Shareholders' funds |  |  |  | 623,971 |  |  | 589,913
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Collard
Director
Approved by the board on 7 August 2026

Spice Properties Ltd
Notes to the Accounts
for the year ended 31 March 2026
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Office equipment | 33% reducing balance
| Plant and machinery | 25% reducing balance
| Investment property
| Investment properties are measured at fair value. Changes in fair value are included in the profit and loss account.
| Investments in subsidiaries
| Investments in subsidiaries are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2026 |  | 2025
Number | Number
| Average number of persons employed by the company (including directors) |  | 2 |  | 2
3 | Tangible assets | Plant & Machinery |  | Computer equipment |  | Total
£ | £ | £
| Cost
| At 1 April 2025 | 8,180 |  | 5,104 |  | 13,284
| At 31 March 2026 | 8,180 |  | 5,104 |  | 13,284
| Depreciation
| At 1 April 2025 | 3,347 |  | 2,054 |  | 5,401
| Charge for the year | 1,209 |  | 1,018 |  | 2,227
| At 31 March 2026 | 4,556 |  | 3,072 |  | 7,628
| Net book value
| At 31 March 2025 | 4,833 |  | 3,050 |  | 7,883
| At 31 March 2026 | 3,624 |  | 2,032 |  | 5,656
4 | Investments
Investments in
subsidiary | Investment
undertakings | property | Total
£ | £ | £
| Fair Value
| At 1 April 2025 | 1 |  | 2,580,000 |  | 2,580,001
| Revaluation | - |  | (100,000) |  | (100,000)
| At 31 March 2026 | 1 |  | 2,480,000 |  | 2,480,001
| Historical cost
| At 1 April 2025 | 1 |  | 1,990,000 |  | 1,990,001
| At 31 March 2026 | 1 |  | 1,990,000 |  | 1,990,001
| Investment properties are carried at fair value, determined by the directors with reference to the condition and location of the property, as well as current observable market prices. There has been no valuation of investment property by an independent valuer.
5 | Debtors | 2026 |  | 2025
£ | £
| Other debtors | 4,031 |  | 2,061
6 | Creditors: amounts falling due within one year | 2026 |  | 2025
£ | £
| Trade creditors | 3,990 |  | -
| Taxation and social security costs | 5,752 |  | 8,634
| Other creditors | 442,132 |  | 557,622
|  |  |  |  |  | 451,874 |  | 566,256
7 | Creditors: amounts falling due after one year | 2026 |  | 2025
£ | £
| Loans | 1,305,693 |  | 1,305,693
8 | Loans | 2026 |  | 2025
£ | £
| Creditors include:
| Mortgages | 1,305,693 |  | 1,305,693
| Loans are secured with first fixed charges over investment properties.
9 | Profit and loss account | Non-distributable reserve |  | Distributable reserve |  | 2026 |  | 2025
£ | £
| At 1 April 2025 | 441,996 |  | 147,817 |  | 589,813 |  | 495,652
| Profit for the year | (75,000) |  | 109,058 |  | 34,058 |  | 129,161
| Dividends | - |  | - |  | (35,000)
| At 31 March 2026 | 366,996 |  | 256,875 |  | 623,871 |  | 589,813
10 | Related party transactions
| Amounts loaned to the company by the directors remained outstanding. At the year end, the balance owed to the directors amounted to £432,193. These loans are unsecured, and have no fixed repayment term. Interest has been charged at a rate of 5.5% on the balance owed to one director. The balance owed to other director beared no interest. Unless otherwise stated, all transactions with related parties are conducted under normal market conditions.
11 | Other information
| Spice Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 74 Macrae Road
| Ham Green
| Bristol
| BS20 0DD

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