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Spicecourse Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Spicecourse Limited (Registered number: 03135667)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Spicecourse Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J G Moore
Mrs K E Moore





SECRETARY: Mrs K E Moore





REGISTERED OFFICE: 42 Parklands
Hough Green
Widnes
Cheshire
WA8 4NQ





REGISTERED NUMBER: 03135667 (England and Wales)





ACCOUNTANTS: MATTHEWS SUTTON & CO LTD
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
L18 1DG

Spicecourse Limited (Registered number: 03135667)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 639 769
Investment property 5 347,500 325,000
348,139 325,769

CURRENT ASSETS
Cash at bank 4,530 17,754

CREDITORS
Amounts falling due within one year 6 75,747 13,920
NET CURRENT (LIABILITIES)/ASSETS (71,217 ) 3,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,922

329,603

CREDITORS
Amounts falling due after more than one
year

7

(218,975

)

(275,475

)

PROVISIONS FOR LIABILITIES (9,204 ) (2,777 )
NET ASSETS 48,743 51,351

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 27,239 11,205
Retained earnings 21,404 40,046
SHAREHOLDERS' FUNDS 48,743 51,351

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

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

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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





J G Moore - Director


Spicecourse Limited (Registered number: 03135667)

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

1. STATUTORY INFORMATION

Spicecourse 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 received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Depreciation is based on historic cost or valuation, less the estimated residual value and the estimated economic life of the asset concerned. Freehold land & buildings held for investment are not depreciated.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 16,014
DEPRECIATION
At 1 June 2023 15,245
Charge for year 130
At 31 May 2024 15,375
NET BOOK VALUE
At 31 May 2024 639
At 31 May 2023 769

Spicecourse Limited (Registered number: 03135667)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 325,000
Revaluations 22,500
At 31 May 2024 347,500
NET BOOK VALUE
At 31 May 2024 347,500
At 31 May 2023 325,000

Investment properties were valued using market data by the director on 31/05/2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 529
Taxation and social security 827 721
Other creditors 74,920 12,670
75,747 13,920

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 218,975 275,475

8. RESERVES
Fair
value
reserve
£   
At 1 June 2023 11,205
Revaluation reserve 16,034

At 31 May 2024 27,239

9. ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate controlling party.