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REGISTERED NUMBER: 02092267 (England and Wales)














SPIKETRUCE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






SPIKETRUCE LIMITED (REGISTERED NUMBER: 02092267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPIKETRUCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: S.G. Routledge





SECRETARY: D.G.M. Reese





REGISTERED OFFICE: 17 Richmond Road,
North Chingford,
London,
E4 7BN





REGISTERED NUMBER: 02092267 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
t/as Findlay Wetherfield Scott & Co
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG

SPIKETRUCE LIMITED (REGISTERED NUMBER: 02092267)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,102,000 1,086,000

CURRENT ASSETS
Debtors 5 6,712 10,338
Cash at bank 89,822 11,465
96,534 21,803
CREDITORS
Amounts falling due within one year 6 101,084 46,211
NET CURRENT LIABILITIES (4,550 ) (24,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,450

1,061,592

PROVISIONS FOR LIABILITIES 128,680 125,301
NET ASSETS 968,770 936,291

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 7 630,773 618,152
Retained earnings 336,997 317,139
SHAREHOLDERS' FUNDS 968,770 936,291

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

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

SPIKETRUCE LIMITED (REGISTERED NUMBER: 02092267)

BALANCE SHEET - continued
31ST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th December 2023 and were signed by:





S.G. Routledge - Director


SPIKETRUCE LIMITED (REGISTERED NUMBER: 02092267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Spiketruce 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.

Tangible fixed assets
Depreciation is calculated so as to allocate the cost of fixed assets, net of anticipated disposal proceeds, over their estimated useful economic lives. No depreciation is charged on freehold and leasehold properties and reversions. The residual values of the freehold and leasehold properties and reversions are regularly reviewed in order to identify any permanent diminution in value which would be charged to the profit and loss account.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Leasehold Freehold
property reversions Totals
£    £    £   
Cost or valuation
At 1st April 2022 315,000 771,000 1,086,000
Revaluations 15,000 1,000 16,000
At 31st March 2023 330,000 772,000 1,102,000
Net book value
At 31st March 2023 330,000 772,000 1,102,000
At 31st March 2022 315,000 771,000 1,086,000

SPIKETRUCE LIMITED (REGISTERED NUMBER: 02092267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st March 2023 is represented by:

Leasehold Freehold
property reversions Totals
£    £    £   
Valuation in 2022 158,610 600,843 759,453
Cost 171,390 171,157 342,547
330,000 772,000 1,102,000

All properties held at the balance sheet date were revalued at that date and the amount stated is the cumulative effect of all revaluations. The effect of the current year's revaluations after provision for deferred tax is stated in the movement in the Fair Value Reserve within the Note on Reserves.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 105 652
Other debtors 6,607 9,686
6,712 10,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 728 99
Corporation tax 4,658 4,741
Other creditors - 1,195
Related party creditors 91,793 36,246
Accrued expenses 3,905 3,930
101,084 46,211

7. RESERVES
Fair
value
reserve
£   
At 1st April 2022 618,152
Revaluations in period 12,621

At 31st March 2023 630,773

SPIKETRUCE LIMITED (REGISTERED NUMBER: 02092267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. RELATED PARTY DISCLOSURES

At the balance sheet date the controlling party is Glade Homes Ltd by virtue of having ownership of 100% of the issued ordinary share capital in the company.

At the balance sheet date, the sum owed to (from) Glade Homes Ltd was £91,793.

Interest was charged by the company during the year to/from related parties at a rate of 2% (previous year - 2%) as follows:
Glade Homes Ltd - nil to and £1,497 from.
All interest is either paid by, or to, the company during the year or is included within the balances as shown above.

During the year the company paid no dividend to the parent company.