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REGISTERED NUMBER: 01133301 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

SPECOURT LIMITED

SPECOURT LIMITED (REGISTERED NUMBER: 01133301)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPECOURT LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: L R M Thomas





REGISTERED OFFICE: The Old Workshop
1 Ecclesall Road South
Sheffield
S11 9PA





REGISTERED NUMBER: 01133301 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

SPECOURT LIMITED (REGISTERED NUMBER: 01133301)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 391,593 86,583

CURRENT ASSETS
Stocks 7,000 13,000
Cash at bank 6,074 4,332
13,074 17,332
CREDITORS
Amounts falling due within one year 5 97,486 100,417
NET CURRENT LIABILITIES (84,412 ) (83,085 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,181

3,498

CREDITORS
Amounts falling due after more than one
year

6

85,000

85,000
NET ASSETS/(LIABILITIES) 222,181 (81,502 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 243,993 21,707
Other reserves 12,589 12,589
Retained earnings (34,501 ) (115,898 )
222,181 (81,502 )

SPECOURT LIMITED (REGISTERED NUMBER: 01133301)

Balance Sheet - continued
30 November 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





L R M Thomas - Director


SPECOURT LIMITED (REGISTERED NUMBER: 01133301)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Specourt 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2022 - 1 ).

SPECOURT LIMITED (REGISTERED NUMBER: 01133301)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2022 127,714 93,000 60,862 281,576
Additions - - 210 210
Revaluations 222,286 - - 222,286
At 30 November 2023 350,000 93,000 61,072 504,072
DEPRECIATION
At 1 December 2022 86,482 49,920 58,591 194,993
Charge for year - 3,720 248 3,968
Revaluation adjustments (86,482 ) - - (86,482 )
At 30 November 2023 - 53,640 58,839 112,479
NET BOOK VALUE
At 30 November 2023 350,000 39,360 2,233 391,593
At 30 November 2022 41,232 43,080 2,271 86,583

Cost or valuation at 30 November 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 222,286 - 222,286
Cost 127,714 154,072 281,786
350,000 154,072 504,072

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 1,040 882
Taxation and social security (311 ) 4,434
Other creditors 96,757 95,101
97,486 100,417

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 85,000 85,000

SPECOURT LIMITED (REGISTERED NUMBER: 01133301)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Loan account over 5 years 85,000 85,000

7. RESERVES
Revaluation
reserve
£   
At 1 December 2022 21,707
Property revaluation 222,286

At 30 November 2023 243,993

8. OTHER FINANCIAL COMMITMENTS

There is a legal charge against the property at The Crown Inn, Shuthonger, Tewkesbury, Gloucestershire GL20 6EF. Owned by Mr JS Arnold at Sandacre farm, Downfield lane, Twyning, Gloucestershire.