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REGISTERED NUMBER: 05480627 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SPABROOK LIMITED

SPABROOK LIMITED (REGISTERED NUMBER: 05480627)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPABROOK LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: Mrs D A Hill
R J Hill





SECRETARY: R J Hill





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 05480627 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

SPABROOK LIMITED (REGISTERED NUMBER: 05480627)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,206 1,406
Investment property 5 1,560,000 1,560,000
1,561,206 1,561,406

CURRENT ASSETS
Debtors 6 252,515 161,755
Cash at bank 5,222 31,570
257,737 193,325
CREDITORS
Amounts falling due within one year 7 38,832 12,553
NET CURRENT ASSETS 218,905 180,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,780,111

1,742,178

CREDITORS
Amounts falling due after more than one
year

8

(1,171,216

)

(1,171,216

)

PROVISIONS FOR LIABILITIES (63,386 ) (63,424 )
NET ASSETS 545,509 507,538

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 269,246 269,246
Retained earnings 10 276,261 238,290
SHAREHOLDERS' FUNDS 545,509 507,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SPABROOK LIMITED (REGISTERED NUMBER: 05480627)

BALANCE SHEET - continued
30 June 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 31 October 2023 and were signed on its behalf by:





Mrs D A Hill - Director


SPABROOK LIMITED (REGISTERED NUMBER: 05480627)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Spabrook 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents letting income and property recharges.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

Investment properties ares shown at their most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the revaluation reserve.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

SPABROOK LIMITED (REGISTERED NUMBER: 05480627)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 6,108 1,878 7,986
Additions - 541 541
At 30 June 2023 6,108 2,419 8,527
DEPRECIATION
At 1 July 2022 5,835 745 6,580
Charge for year 136 605 741
At 30 June 2023 5,971 1,350 7,321
NET BOOK VALUE
At 30 June 2023 137 1,069 1,206
At 30 June 2022 273 1,133 1,406

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,560,000
NET BOOK VALUE
At 30 June 2023 1,560,000
At 30 June 2022 1,560,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2019 1,987,000
Valuation in 2022 (427,000 )
1,560,000

If properties and improvements had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,227,597 1,227,597

Properties and improvements were valued on an open market basis on 13 March 2023 by Bromwich Hardy, professional valuers .

SPABROOK LIMITED (REGISTERED NUMBER: 05480627)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by participating interests 157,098 157,026
Other debtors 95,417 4,729
252,515 161,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 275
Taxation and social security 33,910 8,689
Other creditors 4,922 3,589
38,832 12,553

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,171,216 1,171,216

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Debentures repayable in more than five year
other than by instalments

1,171,216

1,171,216

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Debentures 1,171,216 1,171,216

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2022 238,290 269,246 507,536
Profit for the year 37,971 37,971
At 30 June 2023 276,261 269,246 545,507

SPABROOK LIMITED (REGISTERED NUMBER: 05480627)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mrs D A Hill and R J Hill
Balance outstanding at start of year 4,729 846
Amounts advanced 71,113 4,729
Amounts repaid (4,729 ) (846 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 71,113 4,729

This has subsequently been repaid.

12. RELATED PARTY DISCLOSURES

The directors are also directors and shareholders of Spabrook Escapes Limited, a company registered in England. At 30 June 2023 Spabrook Escapes Limited owed the company £157,098 (2022 £157,026). No interest has been paid during the year to the company (2022 £2,805 was paid).

13. CONTROLLING PARTY

The controlling party is the directors.