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REGISTERED NUMBER: 01769751 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SPENFLEX LIMITED

SPENFLEX LIMITED (REGISTERED NUMBER: 01769751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPENFLEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Miss J Shah
Mrs B Evans





SECRETARY: Miss J Shah





REGISTERED OFFICE: 8 Greystoke Lodge
Hanger Lane
London
W5 1EW





REGISTERED NUMBER: 01769751 (England and Wales)






SPENFLEX LIMITED (REGISTERED NUMBER: 01769751)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 462 616
Investment property 5 480,000 715,000
480,462 715,616

CURRENT ASSETS
Debtors 6 3,010 2,735
Cash at bank and in hand 502,531 350,320
505,541 353,055
CREDITORS
Amounts falling due within one year 7 256,373 255,498
NET CURRENT ASSETS 249,168 97,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,630

813,173

CAPITAL AND RESERVES
Called up share capital 8 25,000 25,000
Fair value reserve 382,569 566,159
Retained earnings 322,061 222,014
SHAREHOLDERS' FUNDS 729,630 813,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

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 Board of Directors and authorised for issue on 10th September 2024 and were signed on its behalf by:





Miss J Shah - Director


SPENFLEX LIMITED (REGISTERED NUMBER: 01769751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Spenflex Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01769751 and registered office address is 8 Greystoke Lodge, Hanger Lane, London, W5 1EW.

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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Deferred tax is recognised on revaluations when there is a binding agreement to sell the property as at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rental income
Rental income, comprising income from properties, is recognised on a straight line basis over the term of the lease or rental agreement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 2,573
DEPRECIATION
At 1st May 2023 1,957
Charge for year 154
At 30th April 2024 2,111
NET BOOK VALUE
At 30th April 2024 462
At 30th April 2023 616

SPENFLEX LIMITED (REGISTERED NUMBER: 01769751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 715,000
Disposals (245,000 )
Revaluations 10,000
At 30th April 2024 480,000
NET BOOK VALUE
At 30th April 2024 480,000
At 30th April 2023 715,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 1999 13,558
Valuation in 2003 272,600
Valuation in 2004 30,000
Valuation in 2007 135,000
Valuation in 2010 (75,000 )
Valuation in 2012 75,000
Valuation in 2013 45,000
Valuation in 2014 90,000
Valuation in 2016 90,000
Valuation in 2024 (98,726 )
Cost (97,432 )
480,000

Investment properties were valued on an open market basis on 30th April 2024 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,010 2,735

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (1 )
Taxation and social security 15,558 15,644
Other creditors 240,815 239,855
256,373 255,498

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,000 Ordinary £1 25,000 25,000

SPENFLEX LIMITED (REGISTERED NUMBER: 01769751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


9. RELATED PARTY DISCLOSURES

At the year-end amount due to Mrs. J. Shah, Director and Shareholder of the company was £235,043 (2023: £235,000)

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party at the end of the year was Miss J Shah, the director and majority shareholder.