Cannock SP Limited

	Page
Accountant's Report	1
Balance Sheet	2
Notes to the Financial Statements	3—5

Report to the directors on the preparation of the unaudited statutory accounts of Cannock SP Limited for the year ended 31 December 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Cannock SP Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Cannock SP Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cannock SP Limited and state those matters that we have agreed to state to the directors of Cannock SP Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cannock SP Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Cannock SP Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Cannock SP Limited . You consider that Cannock SP Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cannock SP Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

30 June 2026

Krowe Accountants

Grafton House

Bulls Head Yard

Alcester

Warwickshire

B49 5BX

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Cannock SP Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 04287034

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		461,211		461,211

			461,211		461,211
CURRENT ASSETS
Debtors	6	648,366		959,228
Cash at bank and in hand		3,864,481		3,601,392

		4,512,847		4,560,620
Creditors: Amounts Falling Due Within One Year	7	(568,096 )		(726,173 )

NET CURRENT ASSETS (LIABILITIES)			3,944,751		3,834,447

TOTAL ASSETS LESS CURRENT LIABILITIES			4,405,962		4,295,658

NET ASSETS			4,405,962		4,295,658

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			4,405,862		4,295,558

SHAREHOLDERS' FUNDS			4,405,962		4,295,658

For the year ending 31 December 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Tracey

Director

30 June 2026

The notes on pages 3 to 5 form part of these financial statements.

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Cannock SP Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Cannock SP Limited is a private company limited by shares and incorporated in England and Wales. Registered number 04287034. Its registered head office is located at Chantry House, High Street, Coleshill, Birmingham, B46 3BP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2. Going Concern Disclosure

The director considers that the company has sufficient resources to continue operating as a going concern for a period of at least twelve months from the date of the financial statements. The financial statements have therefore been prepared on the going concern basis.

2.3. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

a) the amount of revenue can be measured reliably;

b) it is probable that the Company will receive the consideration due under the contract;

c) the stage of completion of the contract at the end of the reporting period can be measured

reliably; and

d) the costs incurred and the costs to complete the contract can be measured reliably.

Rental income arising from operating leases on properties owned by the company is accounted for on a straight line basis over the period commencing on the later of the start of the lease or acquisition of the property by the company, and ending on the end of the lease. Any incentive for lessees to enter into a lease agreement and any costs associated with entering into the lease are spread over the same period.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & Machinery	25% per annum
Fixtures & Fittings	25% per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5. Investment Properties

Investment property is carried at fair value determined annually by directors with valuations performed by external valuers periodically. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income.

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Cannock SP Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.7. Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.8. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9. Interest income

Interest income is recognised in profit or loss using the effective interest method.

3. Average Number of Employees

The average monthly number of employees, including directors, during the year was: 2 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2025	4,878	2,613	7,491

As at 31 December 2025	4,878	2,613	7,491

Depreciation
As at 1 January 2025	4,878	2,613	7,491

As at 31 December 2025	4,878	2,613	7,491

Net Book Value
As at 31 December 2025	-	-	-

As at 1 January 2025	-	-	-

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Cannock SP Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025 and 31 December 2025	461,211

The investment property was valued by the director at 31st December 2025 on an open market for existing use basis.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	156,921
Prepayments and accrued income	51,952	121,164
Other debtors	29,176	16,701
Corporation tax recoverable assets	567,238	664,160
Amounts owed by related undertakings	-	282

	648,366	959,228

Amounts owed by group and related undertakings are interest free, unsecured and repayable on demand.

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	678	165
Corporation tax	57,423	143,371
Other creditors	2,000	-
Accruals and deferred income	507,994	582,636
Amounts owed to related undertakings	1	1

	568,096	726,173

Amounts owed to related undertakings are interest free, unsecured and repayable on demand.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

At 31 December 2025, the Company was owed £10,698 (2024: £8,883) from Stonecombe SP Limited, a related undertaking in which the directors of Cannock SP Limited were also directors during the year.

At 31 December 2025, Cannock SP Limited owes £17,422 (2024: £17,422) to Heyford Homes Limited. M J Tracey is a director of Cannock SP Limited and also a director of Heyford Holdings Limited, which is the ultimate controlling party of Heyford Homes Limited.

10. Controlling Party

The company's ultimate parent company is Stonecombe SP Limited, a company incorporated and registered in England and Wales. Stonecombe SP Limited is ultimately controlled by M J Tracey.

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