REGISTERED NUMBER: 02229993 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

SPREADS OF THE WEST END LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Khosravi

Mrs S J Khosravi

SECRETARY:

Mrs S J Khosravi

REGISTERED OFFICE:

Building 3

North London Business Park

Oakleigh Road South New Southgate

London

N11 1GN

REGISTERED NUMBER:

02229993 (England and Wales)

ACCOUNTANTS:

Marchant Lewis Limited

105a Caversham Avenue

London

N13 4LL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

15,549

30,627

Investment property

6

-

500,000

15,549

530,627

CURRENT ASSETS

Stocks

525

3,650

Debtors

7

7,185

465

Cash at bank and in hand

578,323

147,404

586,033

151,519

CREDITORS

Amounts falling due within one year

8

34,897

80,634

NET CURRENT ASSETS

551,136

70,885

TOTAL ASSETS LESS CURRENT LIABILITIES

566,685

601,512

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Revaluation reserve

9

-

85,973

Retained earnings

551,685

500,539

SHAREHOLDERS' FUNDS

566,685

601,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

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

S Khosravi - Director

1.	STATUTORY INFORMATION

Spreads of the West End Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 15 years

Improvements to property

-

Straight line over 15 years

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with Statement of Standard Accounting Practice 19 no depreciation is provided in respect of freehold property. This is a departure from Companies Act 2006 which requires all properties to be depreciated. The property is not held for consumption but for investment and the director considers that to depreciate the freehold property would not give a true and fair view.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

103,326

AMORTISATION

At 1 April 2025

and 31 March 2026

103,326

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

21,430

202,995

183,409

4,486

412,320

Additions

-

-

459

-

459

At 31 March 2026

21,430

202,995

183,868

4,486

412,779

DEPRECIATION

At 1 April 2025

17,751

178,289

181,197

4,456

381,693

Charge for year

1,329

13,533

667

8

15,537

At 31 March 2026

19,080

191,822

181,864

4,464

397,230

NET BOOK VALUE

At 31 March 2026

2,350

11,173

2,004

22

15,549

At 31 March 2025

3,679

24,706

2,212

30

30,627

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

500,000

Disposals

(500,000

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

500,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

500,000

Investment property was sold on 26 September 2025 for £500,000.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

7,185

465

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

450

9,200

Taxation and social security

28,132

19,392

Other creditors

6,315

52,042

34,897

80,634

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

85,973

Revaluation

(85,973

)

At 31 March 2026

-