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REGISTERED NUMBER: 05678515 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2023

for

Spencer Munson Property Services Limited

Spencer Munson Property Services Limited (Registered number: 05678515)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Spencer Munson Property Services Limited (Registered number: 05678515)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,127 41,092

CURRENT ASSETS
Debtors 5 127,191 86,125
Cash at bank 1,287,775 1,245,991
1,414,966 1,332,116
CREDITORS
Amounts falling due within one year 6 1,321,366 1,292,438
NET CURRENT ASSETS 93,600 39,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,727

80,770

PROVISIONS FOR LIABILITIES 4,378 6,362
NET ASSETS 129,349 74,408

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 129,249 74,308
SHAREHOLDERS' FUNDS 129,349 74,408

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st July 2023 and were signed by:



S R Munson - Director


Spencer Munson Property Services Limited (Registered number: 05678515)

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

Spencer Munson Property Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05678515

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Straight line over 10 years
Improvements to property - Straight line over 10 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

Spencer Munson Property Services Limited (Registered number: 05678515)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2022 3,250 235,221 238,471
Additions - 17,254 17,254
At 30th April 2023 3,250 252,475 255,725
DEPRECIATION
At 1st May 2022 3,250 194,129 197,379
Charge for year - 18,219 18,219
At 30th April 2023 3,250 212,348 215,598
NET BOOK VALUE
At 30th April 2023 - 40,127 40,127
At 30th April 2022 - 41,092 41,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related party 69,154 43,674
Other debtors 58,037 42,451
127,191 86,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 123,136 99,151
Taxation and social security 53,483 45,349
Other creditors 1,144,747 1,147,938
1,321,366 1,292,438

7. LEASING AGREEMENTS
At the year end the total financial commitments was £317,708 (2022: £171,521)

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Rent Deposit 7,500 7,500

Spencer Munson Property Services Limited (Registered number: 05678515)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

20232022
£   £   
Amounts advanced 102,735191,913
Amounts repaid(91,511)(193,961)



The loan to the director is repayable on demand. Interest is charged on loans at the official interest set by HMRC.