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Company Registration No. 03686414 (England and Wales)
N.C. Spencer Holdings Limited Unaudited accounts for the year ended 31 March 2023
N.C. Spencer Holdings Limited Unaudited accounts Contents
Page
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N.C. Spencer Holdings Limited Company Information for the year ended 31 March 2023
Director
SPENCER, Nicholas Clark
Company Number
03686414 (England and Wales)
Registered Office
AVON VIEW OFFICES 90 HIGH STREET BIDFORD-ON-AVON ALCESTER B50 4AF ENGLAND
Accountants
Chadwick Accountants & Bookkeepers Ltd Avon View Offices 90 High Street Bidford-on-Avon Warwickshire B50 4AF
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N.C. Spencer Holdings Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
112,311 
137,283 
Investment property
750,000 
750,000 
862,311 
887,283 
Current assets
Debtors
29,726 
31,940 
Cash at bank and in hand
21,200 
33,326 
50,926 
65,266 
Creditors: amounts falling due within one year
(5,535)
(37,507)
Net current assets
45,391 
27,759 
Total assets less current liabilities
907,702 
915,042 
Creditors: amounts falling due after more than one year
(726,333)
(726,334)
Provisions for liabilities
Deferred tax
(7,682)
(9,328)
Net assets
173,687 
179,380 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
224,696 
224,696 
Profit and loss account
(52,009)
(46,316)
Shareholders' funds
173,687 
179,380 
For the year ending 31 March 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2023 and were signed on its behalf by
SPENCER, Nicholas Clark Director Company Registration No. 03686414
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N.C. Spencer Holdings Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
N.C. Spencer Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 03686414. The registered office is AVON VIEW OFFICES 90 HIGH STREET, BIDFORD-ON-AVON, ALCESTER, B50 4AF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% - 25% Reducing Balance
Investments
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.
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N.C. Spencer Holdings Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
1,000 
At 31 March 2023
1,000 
Amortisation
At 1 April 2022
1,000 
At 31 March 2023
1,000 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
90,891 
39,096 
69,345 
- 
199,332 
Additions
- 
- 
- 
1,999 
1,999 
At 31 March 2023
90,891 
39,096 
69,345 
1,999 
201,331 
Depreciation
At 1 April 2022
28,394 
12,953 
20,702 
- 
62,049 
Charge for the year
12,127 
7,149 
7,421 
274 
26,971 
At 31 March 2023
40,521 
20,102 
28,123 
274 
89,020 
Net book value
At 31 March 2023
50,370 
18,994 
41,222 
1,725 
112,311 
At 31 March 2022
62,497 
26,143 
48,643 
- 
137,283 
6
Investment property
2023 
£ 
Fair value at 1 April 2022
750,000 
At 31 March 2023
750,000 
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N.C. Spencer Holdings Limited Notes to the Accounts for the year ended 31 March 2023
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
60 
4,005 
Trade debtors
1,766 
1,080 
Accrued income and prepayments
75 
230 
Other debtors
27,825 
26,625 
29,726 
31,940 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
787 
- 
Trade creditors
151 
28,424 
Accruals
4,597 
9,083 
5,535 
37,507 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
11,426 
11,427 
Loans from directors
714,907 
714,907 
726,333 
726,334 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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