SPM PROPERTY HOLDINGS LIMITED


Directors	N McCrindle
	S G Patel-McCrindle


Registered Address	Suite 1, Ritzy Offices, 2-3 Dorcan Business Village
	Murdock Road
	Swindon
	SN3 5HY


Registered Number	13003455 (England and Wales)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,721		2,151
Investment property	4		1,457,000		780,000
			1,458,721		782,151
Current assets
Debtors		5,029		14,918
Cash at bank and on hand		336,015		38,348
		341,044		53,266
Creditors amounts falling due within one year	5	(629,450)		(341,846)
Net current assets (liabilities)			(288,406)		(288,580)
Total assets less current liabilities			1,170,315		493,571
Creditors amounts falling due after one year	6		(892,958)		(402,134)
Provisions for liabilities	9		(75,029)		(33,393)
Net assets			202,328		58,044
Capital and reserves
Called up share capital			100		100
Revaluation reserve			300,114		133,570
Profit and loss account			(97,886)		(75,626)
Shareholders' funds			202,328		58,044

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 August 2026, and are signed on its behalf by:

N McCrindle
Director

S G Patel-McCrindle
Director

Registered Company No. 13003455

SPM PROPERTY HOLDINGS LIMITED

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	20

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 December 24	3,361	3,361
At 30 November 25	3,361	3,361
Depreciation and impairment
At 01 December 24	1,210	1,210
Charge for year	430	430
At 30 November 25	1,640	1,640
Net book value
At 30 November 25	1,721	1,721
At 30 November 24	2,151	2,151

4.	Investment property
	Investment properties comprisesof freehold properties. The fair value of the investment properties have been arrived at from a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.


		£
	Fair value at 01 December 24	780,000
	Additions	510,456
	Fair value adjustments	166,544
	At 30 November 25	1,457,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	1,500
Amounts owed to related parties	22,030	-
Other creditors	603,693	333,693
Accrued liabilities and deferred income	3,727	6,653
Total	629,450	341,846

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	872,958	382,134
Other creditors	20,000	20,000
Total	892,958	402,134

7.	Creditors: amounts due after 5 years
	The bank loans due after more than one year are not repayable by instalments.

8.	Secured creditors
	The long-term bank loans are secured by fixed charges over the investment properties.

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	75,029	33,393
Total	75,029	33,393