Company No: 13855603 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025		31.12.2024
		£		£
Fixed assets
Tangible assets	3	610,347		480,620
		610,347		480,620
Current assets
Debtors	4	4,016		4,264
Cash at bank and in hand		557		3,897
		4,573		8,161
Creditors: amounts falling due within one year	5	( 40,968)		( 31,896)
Net current liabilities		(36,395)		(23,735)
Total assets less current liabilities		573,952		456,885
Creditors: amounts falling due after more than one year	6	( 347,236)		( 375,726)
Provision for liabilities		( 45,800)		( 13,016)
Net assets		180,916		68,143
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		180,816		68,043
Total shareholders' funds		180,916		68,143

At the year end, included within the Profit and Loss account were non-distributable reserves totalling £85,925 (2024: £Nil). These have been disclosed net of deferred tax.

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of S P Osprey Limited (registered number: 13855603) were approved and authorised for issue by the Board of Directors on 23 September 2026. They were signed on its behalf by:

Mrs S Slade Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

S P Osprey Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Unit 1 The Alpha Centre, Osprey Road, Sowton Industrial Estate, Exeter, EX2 7LH.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable in respect of rents receivable on an accruals basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Investment property	not depreciated
Plant and machinery	5 years straight line
Fixtures and fittings	5 years straight line

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	31.12.2025		31.12.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Investment property		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 January 2025	480,474		0		366		480,840
Additions	0		19,093		0		19,093
Revaluations	114,526		0		0		114,526
At 31 December 2025	595,000		19,093		366		614,459
Accumulated depreciation
At 01 January 2025	0		0		220		220
Charge for the financial year	0		3,819		73		3,892
At 31 December 2025	0		3,819		293		4,112
Net book value
At 31 December 2025	595,000		15,274		73		610,347
At 31 December 2024	480,474		0		146		480,620

4. Debtors

	31.12.2025		31.12.2024
	£		£
Trade debtors	914		295
Other debtors	3,102		3,969
	4,016		4,264

5. Creditors: amounts falling due within one year

	31.12.2025		31.12.2024
	£		£
Bank loans (secured)	28,585		27,229
Taxation and social security	10,583		2,467
Other creditors	1,800		2,200
	40,968		31,896

The above bank loan value of £28,585 (2024: £27,229) is secured by way of fixed and floating charges over the assets and undertaking of the company.

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

	31.12.2025		31.12.2024
	£		£
Bank loans (secured)	178,307		206,890
Other creditors	168,929		168,836
	347,236		375,726

The above bank loan value of £178,307 (2024: £206,890) is secured by way of fixed and floating charges over the assets and undertaking of the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	31.12.2025		31.12.2024
	£		£
Bank loans (secured / repayable by instalments)	49,006		83,724

The above bank loan value of £49,006 (2024: £83,724) is secured by way of fixed and floating charges over the assets and undertaking of the company.

7. Called-up share capital

	31.12.2025		31.12.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with the entity's directors

	31.12.2025		31.12.2024
	£		£
Balance owed to the directors	11,000		30,000

The loan is interest free and repayable after more than 1 year.

Other related party transactions

	31.12.2025		31.12.2024
	£		£
Balance due to a company under common control	157,929		138,836

The loan is interest free and repayable after more than 1 year.