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REGISTERED NUMBER: 02068319 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Simon Spencer Limited

Simon Spencer Limited (Registered number: 02068319)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simon Spencer Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mrs J Spencer





SECRETARY: Mrs J Spencer





REGISTERED OFFICE: 77 Loughborough Road
West Bridgford
Nottingham
NG2 7JX





REGISTERED NUMBER: 02068319 (England and Wales)





ACCOUNTANTS: Tim Allatson Limited
4 Brompton Way
West Bridgford
Nottingham
Nottinghamshire
NG2 7SU

Simon Spencer Limited (Registered number: 02068319)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 589 786
Investment property 5 905,000 905,000
905,589 905,786

CURRENT ASSETS
Debtors 6 78,432 108,194
Cash at bank 169,415 119,606
247,847 227,800
CREDITORS
Amounts falling due within one year 7 15,009 40,766
NET CURRENT ASSETS 232,838 187,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,138,427

1,092,820

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 351,460 351,460
Retained earnings 786,867 741,260
1,138,427 1,092,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Simon Spencer Limited (Registered number: 02068319)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 January 2025 and were signed by:





Mrs J Spencer - Director


Simon Spencer Limited (Registered number: 02068319)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Simon 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

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 (2023 - NIL).

Simon Spencer Limited (Registered number: 02068319)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 4,444
DEPRECIATION
At 1 November 2023 3,658
Charge for year 197
At 31 October 2024 3,855
NET BOOK VALUE
At 31 October 2024 589
At 31 October 2023 786

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 905,000
NET BOOK VALUE
At 31 October 2024 905,000
At 31 October 2023 905,000

The Company's investment properties are shown in the balance sheet at their fair value as at 31 October 2024. The valuation was carried out by Mrs J Spencer, a director of the Company, based on information available to her of similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 78,432 108,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1 1
Taxation and social security 11,480 37,485
Other creditors 3,528 3,280
15,009 40,766

Simon Spencer Limited (Registered number: 02068319)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. RELATED PARTY DISCLOSURES

Mrs J Spencer is a shareholder in, and director of, Derby Road Properties Limited. Simon Spencer Limited made an advance to Derby Road Properties Limited . This advance is unsecured, non interest bearing and repayable on demand. The amount outstanding at 31 October 2024 was £77,450 (2023: £106,950)

During the year a loan existed between the company and the director, Mrs J Spencer. The loan is unsecured, interest free and repayable on demand. The amount outstanding at 31 October 2024 was £2,398 (2023: £1,130).