Sparkle Property Development Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 16212800

		31 January 2026
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		272,000

			272,000
CURRENT ASSETS
Debtors	5	359
Cash at bank and in hand		5,089

		5,448
Creditors: Amounts Falling Due Within One Year	6	(302,606 )

NET CURRENT ASSETS (LIABILITIES)			(297,158 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(25,158 )

NET LIABILITIES			(25,158 )

CAPITAL AND RESERVES
Called up share capital	7		1
Profit and Loss Account			(25,159 )

SHAREHOLDERS' FUNDS			(25,158)

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Sparkle Property Development Ltd

Balance Sheet (continued)

As At 31 January 2026

For the period ending 31 January 2026 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

Dominic James Wells

Director

6 October 2026

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

1. General Information

Sparkle Property Development Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16212800 . The registered office is 11 Harts Grove, Woodford Green, IG8 0BN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.4. Investment Properties

Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.

Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2

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Sparkle Property Development Ltd

Notes to the Financial Statements (continued)

For the Period 28 January 2025 to 31 January 2026

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 28 January 2025	-
Additions	291,704
Revaluation	(19,704 )

As at 31 January 2026	272,000

Net Book Value
As at 31 January 2026	272,000

As at 28 January 2025	-

The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.

5. Debtors

	31 January 2026
	£
Due within one year
Prepayments and accrued income	359

6. Creditors: Amounts Falling Due Within One Year

	31 January 2026
	£
Trade creditors	517
Accruals and deferred income	600
Directors' loan accounts	301,489

	302,606

7. Share Capital

	31 January 2026
	£
Allotted, Called up and fully paid	1

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Sparkle Property Development Ltd

Notes to the Financial Statements (continued)

For the Period 28 January 2025 to 31 January 2026

8. Related Party Transactions

Included in creditors due within one year is an amount of £301,489 owed to its directors. The amount is interest free and repayable on demand.

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