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Registered Number: 10943399
England and Wales

 

 

 

SP PROPERTY DEVELOPERS LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2024

End date: 30 September 2025

SP Property Developers Limited
Contents Page
For the year ended 30 September 2025
Directors Marios Kyriacou
Mr Christakis Kyriacou
Mrs Pantelitsa Kyriacou
Registered Number 10943399
Registered Office First Floor, Hagley Court
40 Vicarage Road
Birmingham
B15 3EZ
Accountants Marneros Marcus & Co Limited
First Floor Hagley Court
40 Vicarage Road Edgbaston
Birmingham
B15 3EZ
1
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 155,794    159,393 
155,794    159,393 
Current assets      
Stocks 4 -    1,061 
Debtors 5 168,466    19,766 
Cash at bank and in hand 2,018    621 
170,484    21,448 
Creditors: amount falling due within one year 6 (42,094)   (37,971)
Net current assets 128,390    (16,523)
 
Total assets less current liabilities 284,184    142,870 
Creditors: amount falling due after more than one year 7 (305,637)   (131,680)
Net assets (21,453)   11,190 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (21,553)   11,090 
Shareholders' funds (21,453)   11,190 
 


For the year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 August 2026 and were signed on its behalf by:


-------------------------------
Marios Kyriacou
Director
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General Information
SP Property Developers Limited is a private company, limited by shares, registered in England and Wales, registration number 10943399, registration address First Floor, Hagley Court, 40 Vicarage Road, Birmingham, B15 3EZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2024 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Total
  £   £   £
At 01 October 2024 148,595    17,996    166,591 
Additions -    -    - 
Disposals -    -    - 
At 30 September 2025 148,595    17,996    166,591 
Depreciation
At 01 October 2024 -    7,198    7,198 
Charge for year -    3,599    3,599 
On disposals -    -    - 
At 30 September 2025 -    10,797    10,797 
Net book values
Closing balance as at 30 September 2025 148,595    7,199    155,794 
Opening balance as at 01 October 2024 148,595    10,798    159,393 


4.

Stocks

2025
£		   2024
£
Stocks -    1,061 
-    1,061 

5.

Debtors: amounts falling due within one year

2025
£		   2024
£
Trade Debtors 168,466    19,332 
VAT -    434 
168,466    19,766 

6.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 4,258    12,595 
Bank Loans & Overdrafts 2,133    10,428 
Corporation Tax 2,020    2,790 
Accrued Expenses 840    840 
Directors' Current Accounts 28,889    11,318 
VAT 3,954    - 
42,094    37,971 

7.

Creditors: amount falling due after more than one year

2025
£		   2024
£
Bank Loans & Overdrafts 280,000    107,593 
Other Creditors 4,042    2,492 
Obligations Under HP/Financial Leases 21,595    21,595 
305,637    131,680 

3