2023-02-01 11793243 2024-01-31 11793243 2023-02-01 2024-01-31 11793243 2023-01-31 11793243 2022-02-01 2023-01-31 11793243 uk-core:WithinOneYear 2023-01-31 11793243 uk-core:WithinOneYear 2024-01-31 11793243 uk-core:AfterOneYear 2023-01-31 11793243 uk-core:AfterOneYear 2024-01-31 11793243 uk-core:InvestmentPropertiesRevaluationReserve 2024-01-31 11793243 uk-core:InvestmentPropertiesRevaluationReserve 2023-01-31 11793243 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 11793243 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 11793243 uk-bus:Director1 2023-02-01 2024-01-31 11793243 uk-core:AfterOneYear uk-core:Secured 2024-01-31 11793243 uk-core:AfterOneYear uk-core:Secured 2023-01-31 11793243 uk-core:OtherThanOnDemand 2024-01-31 11793243 uk-core:OtherThanOnDemand 2023-01-31 11793243 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2024-01-31 11793243 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2023-01-31 iso4217:GBP xbrli:pure 11793243 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11793243 uk-bus:FRS102 2023-02-01 2024-01-31 11793243 uk-bus:FullAccounts 2023-02-01 2024-01-31 11793243 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Spencer Commercial Management (Lettings) Ltd
Registered Number:11793243
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Spencer Commercial Management (Lettings) Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11793243
As at 31 January 2024
Spencer Commercial Management (Lettings) Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
250,000
213,546
Investment property
250,000
213,546
Current assets
616
Cash and cash equivalents
5,499
5,499
616
Trade and other payables: amounts falling due within one
year
(10,536)
(11,880)
3
(9,920)
(6,381)
Net current liabilities
Total assets less current liabilities
243,619
203,626
Trade and other payables: amounts falling due after more
than one year
(176,556)
(176,874)
4
(6,926)
-
Provisions for liabilities
59,819
Net assets
27,070
Capital and reserves
Fair value reserve
70,617
41,089
Retained earnings
(10,798)
(14,019)
59,819
27,070
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Damian Spencer Director
These financial statements were approved and authorised for issue by the Board on 23 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2024
Spencer Commercial Management (Lettings) Ltd
Notes to the Financial Statements
Statutory Information
Spencer Commercial Management (Lettings) Ltd is a private limited company, limited by shares, domiciled in England
and Wales, registration number 11793243.
Registered address:
Orchard Lea, Newlands Road
Forest Town
Mansfield
NG19 0HX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Investment property
Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Investment property
Total
£
Fair value
At 01 February 2023
213,546
Fair value adjustments
36,454
At 31 January 2024
250,000
Net book value
At 31 January 2024
250,000
At 31 January 2023
213,546
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Other creditors
11,880
10,536
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5
For the year ended 31 January 2024
Spencer Commercial Management (Lettings) Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
176,874
176,556
Analysis of creditors falling due after more than five years:
Payable otherwise than by instalments
97,470
97,470
Payable by instalments
79,404
79,086
5. Related party transactions
The company is controlled by Mr D Spencer. £10,368 (2023 £9,816) as owed to Mr Spencer at the year end,
6. Average number of persons employed
During the year the average number of employees was 0
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