Sarprest Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12065412

Sarprest Holdings Limited

Unaudited financial statements

31 March 2026

Sarprest Holdings Limited

Statement of financial position

31 March 2026

	2026		2025
			(restated)
Note	£	£	£	£

Fixed assets

Tangible assets	5	1,315,057	2,329,596
Investments	6	1,659,083	1,659,083
		-----------	-----------
		2,974,140	3,988,679

Current assets

Debtors	7	14,714,067	13,998,914
Cash at bank and in hand		1,037,979	910,536
		------------	------------
		15,752,046	14,909,450

Creditors: Amounts falling due within one year	8	( 40,570)		( 221,874)
		------------		------------
Net current assets			15,711,476		14,687,576
			------------		------------
Total assets less current liabilities			18,685,616		18,676,255
			------------		------------
Net assets			18,685,616		18,676,255
			------------		------------

Capital and reserves

Called up share capital	1,000	1,000
Investment property valuation reserve	3,600	3,600
Profit and loss account	18,681,016	18,671,655
	------------	------------
Shareholders funds	18,685,616	18,676,255
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sarprest Holdings Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 8 October 2026 , and are signed on behalf of the board by:

P J Andrews
Director

Company registration number: 12065412

Sarprest Holdings Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The trading address of the company is Barton House, The Park, Great Barton, Bury St Edmunds, Suffolk, IP31 2SU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment property is carried at revalued amounts and recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance
Computer equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

The company recognises a financial asset or financial liability when it becomes party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Where an arrangement constitutes a financing transaction, the financial asset or liability is initially measured at the present value of the future payments, discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost using the effective interest method. Financial assets measured at cost or amortised cost are reviewed for impairment at each reporting date. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Deferred consideration receivable is initially recognised at the present value of the future amounts receivable and subsequently measured at amortised cost, with the unwinding of the discount recognised as interest income. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of employees during the year was 2 (2025: 2 ).

5. Tangible assets

	Investment property	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 April 2025 (as restated)	2,323,939	7,150	–	1,866	2,332,955
Additions	–	–	3,691	2,527	6,218
Disposals	( 1,018,348)	–	–	–	( 1,018,348)
	-----------	------	------	------	-----------
At 31 March 2026	1,305,591	7,150	3,691	4,393	1,320,825
	-----------	------	------	------	-----------
Depreciation
At 1 April 2025	–	3,129	–	230	3,359
Charge for the year	–	1,005	421	983	2,409
	-----------	------	------	------	-----------
At 31 March 2026	–	4,134	421	1,213	5,768
	-----------	------	------	------	-----------
Carrying amount
At 31 March 2026	1,305,591	3,016	3,270	3,180	1,315,057
	-----------	------	------	------	-----------
At 31 March 2025	2,323,939	4,021	–	1,636	2,329,596
	-----------	------	------	------	-----------

The fair value of the Company's investment property at 31 March 2026 has been determined by the directors. In arriving at this valuation, the directors considered evidence of transaction prices for similar properties and other relevant data available at the reporting date. The valuation has been made on an open market value basis and reflects the directors' assessment of fair value in light of current economic conditions.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment property
	£
At 31 March 2026
Aggregate cost	1,300,791
Aggregate depreciation	–
	-----------
Carrying value	1,300,791
	-----------

At 31 March 2025
Aggregate cost	2,319,139
Aggregate depreciation	–
	-----------
Carrying value	2,319,139
	-----------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025 as restated and 31 March 2026	1,659,083
	-----------
Impairment
At 1 April 2025 as restated and 31 March 2026	–
	-----------

Carrying amount
At 31 March 2026	1,659,083
	-----------
At 31 March 2025	1,659,083
	-----------

7. Debtors

	2026	2025
		(restated)
	£	£
Trade debtors	–	1,000
Amounts owed by group undertakings	2,032,492	782,602
Deferred tax asset	97,995	62,169
Prepayments and accrued income	523,301	2,258
Other debtors	12,060,279	13,150,885
	------------	------------
	14,714,067	13,998,914
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2026	2025
		(restated)
	£	£
Other debtors	8,602,481	8,766,192
	-----------	-----------

Other debtors includes deferred consideration arising from the disposal of a subsidiary. The consideration is receivable in accordance with the terms of the sale agreement and has been recognised initially at the present value of the future consideration, discounted using a market rate of interest. The receivable is subsequently measured at amortised cost, with the unwinding of the discount recognised as interest income.

8. Creditors: Amounts falling due within one year

	2026	2025
		(restated)
	£	£
Trade creditors	34,399	2,125
Social security and other taxes	–	215,756
Other creditors	6,171	3,993
	-------	---------
	40,570	221,874
	-------	---------

9. Prior period errors

During the year, the directors identified an error in the accounting treatment of deferred consideration arising on the disposal of a subsidiary in a prior period. Under the sale agreement, part of the consideration is receivable in instalments over a future period and should have been recognised initially at its present value, discounted using an appropriate market rate of interest. The comparative figures have therefore been restated to recognise the deferred consideration receivable at amortised cost together with the related deferred tax consequences and accrued finance income. The effect of the restatement was to increase other debtors by £9,174,598, deferred tax assets by £62,169, other interest receivable and similar income by £1,319, taxation by £33,884 and profit for the financial year by £12,234,505. Prepayments and accrued income decreased by £12,099,997 and retained earnings decreased by £2,925,399. The correction has been accounted for as a prior period adjustment and the comparative information has been restated accordingly.

10. Director's advances, credits and guarantees

Included within debtors at the year end is an interest free directors loan account of £1,758,181 (2025: £2,685,075). The maximum overdrawn balance during the year was £2,692,701.