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REGISTERED NUMBER: 06752633 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Spencer Properties (Nottingham) Limited

Spencer Properties (Nottingham) Limited (Registered number: 06752633)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spencer Properties (Nottingham) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M J Spencer
A K Roberts





SECRETARY: T A Roberts





REGISTERED OFFICE: 3 - 5 College Street
Nottingham
Nottinghamshire
NG1 5AQ





REGISTERED NUMBER: 06752633 (England and Wales)





ACCOUNTANTS: Botham Accounting Limited
Chartered Accountants
3 - 5 College Street
Nottingham
Nottinghamshire
NG1 5AQ

Spencer Properties (Nottingham) Limited (Registered number: 06752633)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 3,325,000 3,325,000
Debtors 4 264,187 228,982
Cash at bank 53,136 169,986
3,642,323 3,723,968
CREDITORS
Amounts falling due within one year 5 851,033 891,891
NET CURRENT ASSETS 2,791,290 2,832,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,791,290

2,832,077

PROVISIONS FOR LIABILITIES 422,896 422,731
NET ASSETS 2,368,394 2,409,346

CAPITAL AND RESERVES
Called up share capital 7 52,500 52,500
Share premium 575,799 575,799
Revaluation reserve 8 1,460,709 1,460,709
Retained earnings 279,386 320,338
SHAREHOLDERS' FUNDS 2,368,394 2,409,346

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

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

Spencer Properties (Nottingham) Limited (Registered number: 06752633)

Balance Sheet - continued
30 April 2024


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 27 January 2025 and were signed on its behalf by:





A K Roberts - Director


Spencer Properties (Nottingham) Limited (Registered number: 06752633)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Spencer Properties (Nottingham) 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
The Financial Statements have been prepared in accordance with Financial Reporting Standard FRS 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 adjusted for the revaluation of investment properties.

Turnover
Turnover represents net rental income receivable, excluding value added tax

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,741 39,021
Amounts owed by group undertakings 181,708 178,374
Other debtors 29,738 11,587
264,187 228,982

Spencer Properties (Nottingham) Limited (Registered number: 06752633)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,064 8,518
Taxation and social security 4,401 3,544
Other creditors 826,568 879,829
851,033 891,891

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Fixed rate secured loan notes 675,000 -

Contains fixed and floating charges. Floating charge covers all the property or undertaking of the company. Contains negative pledge.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
52,500 Ordinary A 1 52,500 52,500

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 1,460,709