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Company No: 08834494 (England and Wales)

SPRUCE & HAWE PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

SPRUCE & HAWE PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

SPRUCE & HAWE PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2025
SPRUCE & HAWE PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025
DIRECTORS Martin Hawe
Wendy Hawe
REGISTERED OFFICE Blind Lane
Tockwith
York
YO26 7QJ
United Kingdom
COMPANY NUMBER 08834494 (England and Wales)
ACCOUNTANT Jones & Co of York Ltd
Wellington House
Aviator Court
York
YO30 4UZ
SPRUCE & HAWE PROPERTIES LIMITED

BALANCE SHEET

As at 31 January 2025
SPRUCE & HAWE PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 656,000 372,000
656,000 372,000
Current assets
Debtors 4 0 24,234
Cash at bank and in hand 5 137,444 124,269
137,444 148,503
Creditors: amounts falling due within one year 6 ( 706,432) ( 484,115)
Net current liabilities (568,988) (335,612)
Total assets less current liabilities 87,012 36,388
Net assets 87,012 36,388
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 86,912 36,288
Total shareholders' funds 87,012 36,388

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Spruce & Hawe Properties Limited (registered number: 08834494) were approved and authorised for issue by the Board of Directors on 14 April 2025. They were signed on its behalf by:

Martin Hawe
Director
SPRUCE & HAWE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
SPRUCE & HAWE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Spruce & Hawe Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Blind Lane, Tockwith, York, YO26 7QJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 February 2024 372,000 372,000
Additions 284,000 284,000
At 31 January 2025 656,000 656,000
Accumulated depreciation
At 01 February 2024 0 0
At 31 January 2025 0 0
Net book value
At 31 January 2025 656,000 656,000
At 31 January 2024 372,000 372,000

4. Debtors

2025 2024
£ £
Other debtors 0 24,234

5. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 137,444 124,269

6. Creditors: amounts falling due within one year

2025 2024
£ £
Amounts owed to connected companies 597,090 444,297
Taxation and social security 28,501 30,446
Other creditors 80,841 9,372
706,432 484,115

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
60 Ordinary A shares of £ 1.00 each 60 60
40 Ordinary B shares of £ 1.00 each 40 40
100 100