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REGISTERED NUMBER: 01395821 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

ARROW SPENCER LIMITED

ARROW SPENCER LIMITED (REGISTERED NUMBER: 01395821)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARROW SPENCER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: J R Rouse
Mrs P A Rouse





SECRETARY: Mrs P A Rouse





REGISTERED OFFICE: The Old Brewer's House
Burgage Green
Southwell
Nottinghamshire
NG25 0DN





REGISTERED NUMBER: 01395821 (England and Wales)





ACCOUNTANTS: WH Clifford & Co.
Easthorpe
Southwell
Nottinghamshire
NG25 0HX

ARROW SPENCER LIMITED (REGISTERED NUMBER: 01395821)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,289 1,763
Investment property 5 913,040 913,040
915,329 914,803

CURRENT ASSETS
Debtors 6 20,947 13,879
Cash at bank 8,727 16,905
29,674 30,784
CREDITORS
Amounts falling due within one year 7 190,108 173,296
NET CURRENT LIABILITIES (160,434 ) (142,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

754,895

772,291

PROVISIONS FOR LIABILITIES 46,951 50,142
NET ASSETS 707,944 722,149

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 80,869 80,869
Fair value reserve 8 260,244 260,244
Retained earnings 366,731 380,936
SHAREHOLDERS' FUNDS 707,944 722,149

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

ARROW SPENCER LIMITED (REGISTERED NUMBER: 01395821)

BALANCE SHEET - continued
31ST DECEMBER 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





J R Rouse - Director


ARROW SPENCER LIMITED (REGISTERED NUMBER: 01395821)

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

1. STATUTORY INFORMATION

Arrow Spencer 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 represents rents receivable and work done.

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 - 20% on reducing balance, 15% on reducing balance and 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ARROW SPENCER LIMITED (REGISTERED NUMBER: 01395821)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 13,592
Additions 929
Disposals (706 )
At 31st December 2023 13,815
DEPRECIATION
At 1st January 2023 11,829
Charge for year 340
Eliminated on disposal (643 )
At 31st December 2023 11,526
NET BOOK VALUE
At 31st December 2023 2,289
At 31st December 2022 1,763

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 913,040
NET BOOK VALUE
At 31st December 2023 913,040
At 31st December 2022 913,040

ARROW SPENCER LIMITED (REGISTERED NUMBER: 01395821)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2007 49,928
Valuation in 2014 30,941
Valuation in 2016 64,975
Valuation in 2020 95,269
Valuation in 2021 100,000
Cost 571,927
913,040

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 571,927 571,927

Investment property was valued on an open market basis on 31st December 2023 by Mr. J R Rouse a director of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,114 13,168
Other debtors 833 711
20,947 13,879

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 3,101
Other creditors 190,108 170,195
190,108 173,296

8. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1st January 2023
and 31st December 2023 80,869 260,244 341,113