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REGISTERED NUMBER: 01802956 (England and Wales)

















Financial Statements

for the Year Ended 28th September 2024

for

JOHN SPENCER SQUARE MANAGEMENT
COMPANY LIMITED

JOHN SPENCER SQUARE MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01802956)






Contents of the Financial Statements
for the year ended 28th September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


JOHN SPENCER SQUARE MANAGEMENT
COMPANY LIMITED

Company Information
for the year ended 28th September 2024







DIRECTORS: S L Fenwick
P O Levine
J R Madeley
A Snowball
J J W Boddy
B K Smith



SECRETARY: Michael Laurie Magar Ltd.



REGISTERED OFFICE: MLM Property Management
Premiere House
Elstree Way
Borehamwood
Hertfordshire
WD6 1JH



REGISTERED NUMBER: 01802956 (England and Wales)



SENIOR STATUTORY AUDITOR: Tim Lindfield



AUDITORS: TC Group
Statutory Auditor
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN

JOHN SPENCER SQUARE MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01802956)

Statement of Financial Position
28th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 45,000 19,042

CURRENT ASSETS
Debtors 5 - 1,992
Cash at bank 264,625 260,091
264,625 262,083
CREDITORS
Amounts falling due within one year 6 5,318 6,025
NET CURRENT ASSETS 259,307 256,058
TOTAL ASSETS LESS CURRENT LIABILITIES 304,307 275,100

PROVISIONS FOR LIABILITIES 9,525 -
NET ASSETS 294,782 275,100

RESERVES
Revaluation reserve 7 28,933 12,500
Income and expenditure account 265,849 262,600
294,782 275,100

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 9th February 2025 and were signed on its behalf by:





A Snowball - Director


JOHN SPENCER SQUARE MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01802956)

Notes to the Financial Statements
for the year ended 28th September 2024

1. STATUTORY INFORMATION

John Spencer Square Management Company Limited is a private company, limited by guarantee , 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.

Going concern
The company reports a deficit for the year amounting to £234,508 as a result of incurring significant expenditure in relation to the freehold premises, that is not recoverable from lessees. The company manages expenditure in accordance with it's asset position and known income streams. Closing reserves of £289,764 are well in excess of all planned future expenditure and therefore it is appropriate for the company to continue to prepare accounts as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

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 statement of financial position date.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

JOHN SPENCER SQUARE MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01802956)

Notes to the Financial Statements - continued
for the year ended 28th September 2024

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29th September 2023 19,042
Revaluations 25,958
At 28th September 2024 45,000
NET BOOK VALUE
At 28th September 2024 45,000
At 28th September 2023 19,042

Fair value at 28th September 2024 is represented by:
£   
Valuation in 2024 25,958
Cost 19,042
45,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments - 1,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 878 3,561
Accruals and deferred income 4,440 2,464
5,318 6,025

7. RESERVES
Revaluation
reserve
£   
At 29th September 2023 12,500
Revaluation of property 16,433

At 28th September 2024 28,933

JOHN SPENCER SQUARE MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 01802956)

Notes to the Financial Statements - continued
for the year ended 28th September 2024

8. AUDITORS' INFORMATION

The audit report provided to the members of John Spencer Square Management Company Limited on the financial statements for the year ended 28 September 2023 was not qualified.

The audit report was signed by Tim Lindfield (Senior Statutory Auditor) for and on behalf of Simpson Wreford & Partners, Chartered Accountants and Statutory Auditor.