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COMPANY REGISTRATION NUMBER: 10478989

S&P Estates Limited

Filleted Unaudited Financial Statements

30 November 2025

S&P Estates Limited

Statement of Financial Position

30 November 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 4,422 | 5,895
Investment properties | 6 | 800,000 | 800,000
| --------- | ---------
| 804,422 | 805,895

Current assets

Debtors | 7 | 60,379 | 61,201
Cash at bank and in hand | 1,702 | 4,225
| -------- | --------
| 62,081 | 65,426

Creditors: amounts falling due within one year | 8 | 492,928 | 448,381
| --------- | ---------
Net current liabilities | 430,847 | 382,955
| --------- | ---------
Total assets less current liabilities | 373,575 | 422,940

Creditors: amounts falling due after more than one year | 9 | 354,578 | 354,578

Provisions | 16,963 | 58,123
| --------- | ---------
Net assets | 2,034 | 10,239
| --------- | ---------

Capital and reserves

Called up share capital | 2 | 2
Profit and loss account | 2,032 | 10,237
| ------- | --------
Shareholders funds | 2,034 | 10,239
| ------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

S&P Estates Limited

Statement of Financial Position (continued)

30 November 2025
These financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

Mr P S R Minshull |
Director |

Company registration number: 10478989

S&P Estates Limited

Notes to the Financial Statements

Year ended 30 November 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10, Edison Court, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has prepared the accounts on a going concern basis due to the continued support offered to the company by the director.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, and is recognised in respect of investment property that is measured at fair value in accordance with Section 16 requirements and therefore any increase or decrease in the fair value of the investment property is matched with a corresponding provision for deferred tax
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 25% straight line

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors and other loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Other loans are measured at the undiscounted amount of cash or other consideration expected to be paid or received and interest accounted for through the statement of Income and Retained Earnings. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

| Fixtures and fittings
| £
Cost |
At 1 December 2024 and 30 November 2025 | 17,692
| --------
Depreciation |
At 1 December 2024 | 11,797
Charge for the year | 1,473
| --------
At 30 November 2025 | 13,270
| --------
Carrying amount |
At 30 November 2025 | 4,422
| --------
At 30 November 2024 | 5,895
| --------

6. Investment properties

| Investment Properties
| £
Cost |
At 1 December 2024 and 30 November 2025 | 800,000
| ---------
Impairment |
At 1 December 2024 and 30 November 2025 | –
| ---------

Carrying amount |
At 30 November 2025 | 800,000
| ---------
At 30 November 2024 | 800,000
| ---------

The land and buildings were informally valued in the period at the open market value disclosed in the accounts of £800,000. All properties were valued on behalf of the company, by Mr P Minshull, an officer of the company, having due regard to property and rental values in the immediate locality and the static nature of the general prevailing market conditions.
7. Debtors

| 2025 | 2024
| £ | £
Other debtors | 60,379 | 61,201
| -------- | --------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 1,545
Social security and other taxes | 2,033 | –
Other creditors | 379,276 | 379,278
Tenant deposits | 200 | 200
Other creditors | 111,419 | 67,358
| --------- | ---------
| 492,928 | 448,381
| --------- | ---------

9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | 354,578 | 354,578
| --------- | ---------

10. Director's advances, credits and guarantees
The company operates a loan account with the director. At the beginning of the year the balance stood at £15,906 (2024 £53,406). There were net movements in the period of £25,376 leading to a closing amount owed to the director of £41,282 (2024 £15,906).