REGISTERED NUMBER: |
SPIKETRUCE LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
SPIKETRUCE LIMITED (REGISTERED NUMBER: 02092267) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
1. | STATUTORY INFORMATION |
Spiketruce Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | TANGIBLE FIXED ASSETS |
Leasehold | Freehold |
property | reversions | Totals |
£ | £ | £ |
Cost or valuation |
At 1st April 2022 |
Revaluations |
At 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Corporation tax |
Other creditors |
Related party creditors | 91,793 | 36,246 |
Accrued expenses |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st April 2022 |
Revaluations in period | 12,621 |
At 31st March 2023 |
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. |