Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity22truetrue 07993380 2022-04-01 2023-03-31 07993380 2021-04-01 2022-03-31 07993380 2023-03-31 07993380 2022-03-31 07993380 c:Director1 2022-04-01 2023-03-31 07993380 d:MotorVehicles 2022-04-01 2023-03-31 07993380 d:MotorVehicles 2023-03-31 07993380 d:MotorVehicles 2022-03-31 07993380 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07993380 d:FurnitureFittings 2022-04-01 2023-03-31 07993380 d:FurnitureFittings 2023-03-31 07993380 d:FurnitureFittings 2022-03-31 07993380 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07993380 d:ComputerEquipment 2022-04-01 2023-03-31 07993380 d:ComputerEquipment 2023-03-31 07993380 d:ComputerEquipment 2022-03-31 07993380 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07993380 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07993380 d:CurrentFinancialInstruments 2023-03-31 07993380 d:CurrentFinancialInstruments 2022-03-31 07993380 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07993380 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07993380 d:ShareCapital 2023-03-31 07993380 d:ShareCapital 2022-03-31 07993380 d:RetainedEarningsAccumulatedLosses 2023-03-31 07993380 d:RetainedEarningsAccumulatedLosses 2022-03-31 07993380 c:FRS102 2022-04-01 2023-03-31 07993380 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07993380 c:FullAccounts 2022-04-01 2023-03-31 07993380 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07993380 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07993380









SPC PROPERTY CONSULTANTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SPC PROPERTY CONSULTANTS LIMITED
REGISTERED NUMBER: 07993380

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,744
4,992

  
3,744
4,992

Current assets
  

Debtors: amounts falling due within one year
 5 
3,201
2,114

Cash at bank and in hand
 6 
92,341
132,128

  
95,542
134,242

Creditors: amounts falling due within one year
 7 
(5,259)
(3,167)

Net current assets
  
 
 
90,283
 
 
131,075

Total assets less current liabilities
  
94,027
136,067

  

Net assets
  
94,027
136,067


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
93,927
135,967

  
94,027
136,067


Page 1

 
SPC PROPERTY CONSULTANTS LIMITED
REGISTERED NUMBER: 07993380
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A D Simons
Director

Date: 1 December 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SPC PROPERTY CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

SPC Property Consultants Limited is a private company, limited by shares. The company is incoporated in England and the address of its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 07993380.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SPC PROPERTY CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
33% reducing balance
Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
SPC PROPERTY CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
31,825
4,342
479
36,646



At 31 March 2023

31,825
4,342
479
36,646



Depreciation


At 1 April 2022
26,869
4,342
443
31,654


Charge for the year on owned assets
1,239
-
9
1,248



At 31 March 2023

28,108
4,342
452
32,902



Net book value



At 31 March 2023
3,717
-
27
3,744



At 31 March 2022
4,956
-
36
4,992

Page 5

 
SPC PROPERTY CONSULTANTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
3,201
-

Prepayments and accrued income
-
2,114

3,201
2,114



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
92,342
132,127

92,342
132,127



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
259
2,477

Other creditors
-
690

Accruals and deferred income
5,000
-

5,259
3,167



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £508 (2022 - £634).

 
Page 6