Sprillers - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09515188 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Sprillers

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T P Sykes

Mr J S Sykes

Miss P L Sykes

REGISTERED OFFICE:

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

REGISTERED NUMBER:

09515188 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

BANKERS:

Coutts & Co

1 St Pauls Place

121 Norfolk Street

Sheffield

South Yorkshire

S1 2JF

FIXED ASSETS

Tangible assets

5

5,312

2,071

Investments

6

3,686,587

3,941,248

Investment property

7

2,993,698

2,905,821

6,685,597

6,849,140

CURRENT ASSETS

Debtors

8

153,158

1,306

Cash at bank

291,316

457,943

444,474

459,249

CREDITORS

Amounts falling due within one year

9

(3,879,650

)

(4,574,431

)

NET CURRENT LIABILITIES

(3,435,176

)

(4,115,182

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,250,421

2,733,958

PROVISIONS FOR LIABILITIES

(557,543

)

(470,857

)

NET ASSETS

2,692,878

2,263,101

CAPITAL AND RESERVES

Called up share capital

10

6

6

Retained earnings

2,692,872

2,263,095

SHAREHOLDERS' FUNDS

2,692,878

2,263,101

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 May 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2022 and were signed on its behalf by:

Mr T P Sykes - Director

1.	STATUTORY INFORMATION

Sprillers is a private unlimited company, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Other investments

Listed investments are measured at fair value. Any aggregate surplus of deficit arising from changes in fair value is recognised in profit or loss.

True and fair override - investments in preference and ordinary shares

The revaluation of the fixed asset listed investments portfolio as a whole is performed on an annual basis. As a result of this, determination of the revalued carrying values of the individual investments sold in the year has not been deemed sufficiently accurate to provide a true and fair view of the gain/loss on disposals of fixed asset investments under the fair value method.

As a result, the gain/loss on investments recognised in the profit and loss account is calculated on the basis of sales proceeds less cost.

These financial statements have complied with Financial Reporting Standard 102 Section 1A, except that it has departed from the requirements of sections 1AC.12 &13 (Fixed asset investments measured at fair value) to the extent detailed above in order to give a true and fair view.

Management has concluded that the financial statements give a true and fair view of the company's

financial position.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 June 2020

2,071

Additions

5,100

At 31 May 2021

7,171

DEPRECIATION

Charge for year

1,859

At 31 May 2021

1,859

NET BOOK VALUE

At 31 May 2021

5,312

At 31 May 2020

2,071

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 June 2020

685,408

3,255,840

3,941,248

Additions

-

358,892

358,892

Disposals

-

(482,080

)

(482,080

)

Revaluations

-

553,935

553,935

Impairments

(685,408

)

-

(685,408

)

At 31 May 2021

-

3,686,587

3,686,587

NET BOOK VALUE

At 31 May 2021

-

3,686,587

3,686,587

At 31 May 2020

685,408

3,255,840

3,941,248

Cost or valuation at 31 May 2021 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2016

-

(396,579

)

(396,579

)

Valuation in 2017

-

487,016

487,016

Valuation in 2018

-

224,297

224,297

Valuation in 2019

(1,522,932

)

(257,705

)

(1,780,637

)

Valuation in 2020

(4,318,368

)

(53,853

)

(4,372,221

)

Valuation in 2021

(685,408

)

553,935

(131,473

)

Cost

6,526,708

3,129,476

9,656,184

-

3,686,587

3,686,587

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2020

2,905,821

Additions

87,877

At 31 May 2021

2,993,698

NET BOOK VALUE

At 31 May 2021

2,993,698

At 31 May 2020

2,905,821

Fair value at 31 May 2021 is represented by:

£

Valuation in 2020

2,622,423

Cost

371,275

2,993,698

The land and buildings were valued, after taking professional advice, as at the balance sheet date by the directors.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

2,179

-

Other debtors

150,979

1,306

153,158

1,306

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

7,910

-

Taxation and social security

8,777

-

Other creditors

3,862,963

4,574,431

3,879,650

4,574,431

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

1

D Ordinary

£1

1

1

1

E Ordinary

£1

1

1

1

F Ordinary

£1

1

1

6

6

11.	RELATED PARTY DISCLOSURES

As at the year end the following loans were owed, by the company, to the directors:

Mr T P and Mrs S A Sykes £3,229,289 (2020: £3,279,431).