SPAK CH Limited
SPAK CH Limited
Registered number: 14078302
Unaudited Financial Statements
For The Year Ended 30 April 2024
TaxAntics Limited
45 Silver Hill
College Town
Sandhurst
Berkshire
GU47 0QS
SPAK CH Limited
Contents
Contents
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
SPAK CH Limited
Balance Sheet
As At
30 April 2024
Balance Sheet
Registered number:
14078302
For the year ending 30 April 2024 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.
2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investment Properties | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 7 |
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NET LIABILITIES |
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CAPITAL AND RESERVES | |||||
Revaluation reserve | 9 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (20,525) | (42,192) | |||
SPAK CH Limited
Balance Sheet (continued)
As At
30 April 2024
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
SPAK CH Limited
Notes to the Financial Statements
For The Year Ended 30 April 2024
Notes to the Financial Statements
1.
General Information
SPAK CH Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
14078302
. The registered office is 59 Castle Street, Reading, Berkshire, RG1 7SN.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
4.
Investment Property
2024 | |
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£ | |
Fair Value | |
As at 1 May 2023 |
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Revaluations | 30,000 |
As at 30 April 2024 |
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5.
Debtors
2024 | 2023 | ||
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£ | £ | ||
Due within one year | |||
Other debtors | - | 882 | |
6.
Creditors: Amounts Falling Due Within One Year
2024 | 2023 | ||
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£ | £ | ||
Trade creditors |
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Other creditors | 2,568 | 624 | |
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SPAK CH Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2024
7.
Creditors: Amounts Falling Due After More Than One Year
2024 | 2023 | ||
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£ | £ | ||
Bank loans |
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Other loans |
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9.
Reserves
Revaluation Reserve | |
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£ | |
Net investment property revaluation reserve |
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As at 30 April 2024 |
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