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REGISTERED NUMBER: 11866659 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HARRY SPAKE LETTINGS LIMITED

HARRY SPAKE LETTINGS LIMITED (REGISTERED NUMBER: 11866659)






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

Accountants' Report 6

HARRY SPAKE LETTINGS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: D Spake
Mrs E M Spake





REGISTERED OFFICE: The Hut
43 Meon Shore Huts
Meon Road
Fareham
Hampshire
PO14 4HN





REGISTERED NUMBER: 11866659 (England and Wales)





ACCOUNTANTS: Stone Osmond Limited
75 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP

HARRY SPAKE LETTINGS LIMITED (REGISTERED NUMBER: 11866659)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 853,000 860,000

CURRENT ASSETS
Debtors 5 86 86
Cash at bank 5,240 17,122
5,326 17,208
CREDITORS
Amounts falling due within one year 6 28,293 22,373
NET CURRENT LIABILITIES (22,967 ) (5,165 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,033

854,835

PROVISIONS FOR LIABILITIES 19,127 20,456
NET ASSETS 810,906 834,379

CAPITAL AND RESERVES
Called up share capital 86 86
Revaluation reserve 7 81,540 87,211
Retained earnings 729,280 747,082
SHAREHOLDERS' FUNDS 810,906 834,379

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.

HARRY SPAKE LETTINGS LIMITED (REGISTERED NUMBER: 11866659)

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 and authorised for issue by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





D Spake - Director


HARRY SPAKE LETTINGS LIMITED (REGISTERED NUMBER: 11866659)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Harry Spake Lettings 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.

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.

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.

Tax on investment property
The potential liability on capital gains following revaluation of its investments has been provided in the sum of £19,127 (2022 - £20,456) via the Revaluation Reserve.

3. EMPLOYEES AND DIRECTORS

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

HARRY SPAKE LETTINGS LIMITED (REGISTERED NUMBER: 11866659)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 860,000
Revaluations (7,000 )
At 31 March 2023 853,000
NET BOOK VALUE
At 31 March 2023 853,000
At 31 March 2022 860,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 92,500
Valuation in 2022 15,167
Valuation in 2023 (7,000 )
Cost 752,333
853,000

Investment properties were valued on an open market basis on 31 March 2023 by the company land agent .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 86 86

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,917 10,417
Taxation and social security 221 6,596
Other creditors 20,155 5,360
28,293 22,373

7. RESERVES
Revaluation
reserve
£   
At 1 April 2022 87,211
Property revaluation (7,000 )
Potential deferred tax 1,329

At 31 March 2023 81,540

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HARRY SPAKE LETTINGS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harry Spake Lettings Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Harry Spake Lettings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harry Spake Lettings Limited and state those matters that we have agreed to state to the Board of Directors of Harry Spake Lettings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harry Spake Lettings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harry Spake Lettings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Harry Spake Lettings Limited. You consider that Harry Spake Lettings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harry Spake Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stone Osmond Limited
75 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP


Date: .............................................