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REGISTERED NUMBER: 02804930 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Neal Spencer Homes Limited

| Neal Spencer Homes Limited (Registered number: 02804930) |

Contents of the Financial Statements

for the Year Ended 31 March 2023

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

| Neal Spencer Homes Limited |

Company Information

for the Year Ended 31 March 2023

| DIRECTORS: | Mr J S Cain

| Mrs J Cain

| SECRETARY: | Mrs J Cain

| REGISTERED OFFICE: | Long Acre Kew Lane

| Old Bursledon

| Southampton

| Hampshire

| SO31 8DG

| REGISTERED NUMBER: | 02804930 (England and Wales)

| ACCOUNTANTS: | Don Roper Accountant Limited

| Linden Lea

| Allington Lane

| West End

| Southampton

| Hampshire

| SO30 3HQ

| Neal Spencer Homes Limited (Registered number: 02804930) |

Balance Sheet

31 March 2023

| 31.3.23 | 31.3.22 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 27 |  | 36 |  |

CURRENT ASSETS

Stocks | 5 | 250,000 |  | 250,000 |  |

Debtors | 6 | 3,770 |  | 895 |  |

Cash at bank | 76,180 |  | 78,014 |  |

329,950 |  | 328,909 |  |

CREDITORS

Amounts falling due within one year | 7 | 323,442 |  | 330,848 |  |

NET CURRENT ASSETS/(LIABILITIES) | 6,508 |  | (1,939 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,535 |  | (1,903 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 2,000 |  | 2,000 |  |

Retained earnings | 9 | 4,535 |  | (3,903 | ) |

SHAREHOLDERS' FUNDS | 6,535 |  | (1,903 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

| Neal Spencer Homes Limited (Registered number: 02804930) |

Balance Sheet - continued

31 March 2023

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:

Mrs J Cain - Director

| Neal Spencer Homes Limited (Registered number: 02804930) |

Notes to the Financial Statements

for the Year Ended 31 March 2023

1. | STATUTORY INFORMATION

| Neal Spencer Homes 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

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

| Plant and machinery | - | 20% on cost

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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 balance sheet date.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2022 - NIL).

| Neal Spencer Homes Limited (Registered number: 02804930) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2022

| and 31 March 2023 | 6,255 |  | 15,250 |  | 21,505 |  |

| DEPRECIATION

| At 1 April 2022 | 6,255 |  | 15,214 |  | 21,469 |  |

| Charge for year | - |  | 9 |  | 9 |  |

| At 31 March 2023 | 6,255 |  | 15,223 |  | 21,478 |  |

| NET BOOK VALUE

| At 31 March 2023 | - |  | 27 |  | 27 |  |

| At 31 March 2022 | - |  | 36 |  | 36 |  |

5. | STOCKS

| 31.3.23 |  | 31.3.22

£ | £ |

| Work-in-progress | 250,000 |  | 250,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.23 |  | 31.3.22

£ | £ |

| Trade debtors | 2,875 |  | - |  |

| Prepayments | 895 |  | 895 |  |

3,770 |  | 895 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.23 |  | 31.3.22

£ | £ |

| Trade creditors | - |  | 1 |  |

| Social security and other taxes | - |  | 518 |  |

| Directors' current accounts | 319,472 |  | 325,614 |  |

| Accruals and deferred income | 2,770 |  | 2,770 |  |

| Accrued expenses | 1,200 |  | 1,945 |  |

323,442 |  | 330,848 |  |

| Neal Spencer Homes Limited (Registered number: 02804930) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.23 |  | 31.3.22

| value: | £ | £ |

| 2,000 | Ordinary A | £1 | 2,000 |  | 2,000 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2022 | (3,903 | ) |

| Profit for the year | 9,438 |  |

| Dividends | (1,000 | ) |

| At 31 March 2023 | 4,535 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

| 31.3.23 |  | 31.3.22

£ | £ |

| Mr J S Cain

| Balance outstanding at start of year | (325,614 | ) | (319,246 | ) |

| Amounts advanced | 8,917 |  | - |  |

| Amounts repaid | (2,775 | ) | (6,368 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (319,472 | ) | (325,614 | ) |

11. | RELATED PARTY DISCLOSURES

| The company was under the control or Mr J S and Mrs J Cain throughout the current and previous period. Mr J S & Mrs J Cain are the managing directors and majority shareholders.

| No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small Entities) for Financial Reporting Standard 102.