REGISTERED NUMBER: 04173114 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

S P O'NEILL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J M O'Neill

SECRETARIES:

Mrs J M O'Neill

Miss S M O'Neill

REGISTERED OFFICE:

1 Burrows Cottage

The Links

Pembrey

Carmarthenshire

SA16 0HT

REGISTERED NUMBER:

04173114 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Tangible assets

4

1,584

-

Investment property

5

360,000

360,000

361,584

360,000

CURRENT ASSETS

Debtors

6

819

952

CREDITORS

Amounts falling due within one year

7

5,633

6,003

NET CURRENT LIABILITIES

(4,814

)

(5,051

)

TOTAL ASSETS LESS CURRENT LIABILITIES

356,770

354,949

PROVISIONS FOR LIABILITIES

(11,368

)

(11,067

)

ACCRUALS AND DEFERRED INCOME

(1,581

)

(1,297

)

NET ASSETS

343,821

342,585

CAPITAL AND RESERVES

Called up share capital

103

103

Fair value reserve

8

69,933

69,933

Retained earnings

273,785

272,549

343,821

342,585

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 4 August 2026 and were signed by:

Mrs J M O'Neill - Director

1.	STATUTORY INFORMATION

S P O'NEILL 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.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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 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

Plant and

machinery

etc

£

COST

Additions

2,112

At 31 March 2026

2,112

DEPRECIATION

Charge for year

528

At 31 March 2026

528

NET BOOK VALUE

At 31 March 2026

1,584

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

360,000

NET BOOK VALUE

At 31 March 2026

360,000

At 31 March 2025

360,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

81,000

Cost

279,000

360,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

819

952

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

3,977

4,461

Other creditors

1,656

1,542

5,633

6,003

8.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

69,933

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Mrs J M O'Neill and Mrs J M O'Neill

Balance outstanding at start of year

(872

)

(241

)

Amounts advanced

27,265

24,732

Amounts repaid

(27,348

)

(25,363

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(955

)

(872

)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £17,000 (2025 - £20,000) were paid to the director .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J M O'Neill.