SP Property Group Limited - Accounts to registrar (filleted) - small 18.2

SP Property Group Limited - Accounts to registrar (filleted) - small 18.2

ECCORD LIMITED - Company Information

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REGISTERED NUMBER: 06006478 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st March 2020

for

SP PROPERTY GROUP LIMITED
SP PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06006478)






Contents of the Financial Statements
for the year ended 31st March 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SP PROPERTY GROUP LIMITED

Company Information
for the year ended 31st March 2020







DIRECTOR: Ms J Eccles





REGISTERED OFFICE: 58 Lyford Road
London
SW18 3JJ





REGISTERED NUMBER: 06006478 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN
Page 1
SP PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06006478)

Statement of Financial Position
31st March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,044 7,314

CURRENT ASSETS
Debtors 5 154,949 155,203
Cash at bank 673,522 487,300
828,471 642,503
CREDITORS
Amounts falling due within one year 6 260,002 225,102
NET CURRENT ASSETS 568,469 417,401
TOTAL ASSETS LESS CURRENT LIABILITIES 580,513 424,715

PROVISIONS FOR LIABILITIES 2,288 1,390
NET ASSETS 578,225 423,325

CAPITAL AND RESERVES
Called up share capital 5,020 5,020
Retained earnings 573,205 418,305
SHAREHOLDERS' FUNDS 578,225 423,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
SP PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06006478)

Statement of Financial Position - continued
31st March 2020


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th June 2020 and were signed
by:





Ms J Eccles - Director


The notes form part of these financial statements

Page 3
SP PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06006478)

Notes to the Financial Statements
for the year ended 31st March 2020

1. STATUTORY INFORMATION

SP Property Group 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.

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

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated deprecation 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 allocated the cost of assets less their residual value over their estimated
useful lives, on the following basis:

Fixtures & fittings - 25% straight line
Motor vehicles - 20% straight line
Computer equipment - 25% straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amounts and are
recognised in the statement of comprehensive income.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Page 4 continued...
SP PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06006478)

Notes to the Financial Statements - continued
for the year ended 31st March 2020

2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2019 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2019 - 29,305 21,178 50,483
Additions 7,171 - 2,960 10,131
Disposals - (29,305 ) - (29,305 )
At 31st March 2020 7,171 - 24,138 31,309
DEPRECIATION
At 1st April 2019 - 29,305 13,864 43,169
Charge for year 1,793 - 3,608 5,401
Eliminated on disposal - (29,305 ) - (29,305 )
At 31st March 2020 1,793 - 17,472 19,265
NET BOOK VALUE
At 31st March 2020 5,378 - 6,666 12,044
At 31st March 2019 - - 7,314 7,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 150,961 87,515
Other debtors 128 36,344
Prepayments and accrued income 3,860 31,344
154,949 155,203

Page 5 continued...
SP PROPERTY GROUP LIMITED (REGISTERED NUMBER: 06006478)

Notes to the Financial Statements - continued
for the year ended 31st March 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade creditors 41,707 41,144
Tax 57,596 36,499
Social security and other taxes 10,737 11,840
VAT 57,148 41,468
Other creditors 19,318 -
Directors' current accounts 34 117
Accruals and deferred income 73,462 94,034
260,002 225,102

Page 6
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
SP Property Group Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a
Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain
other primary statements and the Report of the Director are not required to be filed with the Registrar of
Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of SP Property Group Limited for the year ended 31st March 2020 which comprise the Statement
of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes
from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of SP Property Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SP Property Group Limited and state those matters that we have agreed to state to the director of SP Property Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SP Property Group Limited and its director for our work or for this report.

It is your duty to ensure that SP Property Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SP Property Group Limited. You consider that SP Property Group 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 financial statements of SP Property Group 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 statutory financial statements.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


25th June 2020

This page does not form part of the statutory financial statements

Page 7