IRIS Accounts Production v24.1.0.578 07757863 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077578632023-08-31077578632024-08-31077578632023-09-012024-08-31077578632022-08-31077578632022-09-012023-08-31077578632023-08-3107757863ns15:EnglandWales2023-09-012024-08-3107757863ns14:PoundSterling2023-09-012024-08-3107757863ns10:Director12023-09-012024-08-3107757863ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107757863ns10:SmallEntities2023-09-012024-08-3107757863ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3107757863ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107757863ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107757863ns10:FullAccounts2023-09-012024-08-3107757863ns10:Director22023-09-012024-08-3107757863ns10:RegisteredOffice2023-09-012024-08-3107757863ns5:CurrentFinancialInstruments2024-08-3107757863ns5:CurrentFinancialInstruments2023-08-3107757863ns5:ShareCapital2024-08-3107757863ns5:ShareCapital2023-08-3107757863ns5:RetainedEarningsAccumulatedLosses2024-08-3107757863ns5:RetainedEarningsAccumulatedLosses2023-08-3107757863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-08-3107757863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31
REGISTERED NUMBER: 07757863 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SPARE THRONE LIMITED

SPARE THRONE LIMITED (REGISTERED NUMBER: 07757863)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

SPARE THRONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: I C Murray
Mrs B M Murray





REGISTERED OFFICE: 18 Poplar Road
Denham
Uxbridge
UB9 4AW





REGISTERED NUMBER: 07757863 (England and Wales)





ACCOUNTANTS: LBCA Ltd
1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US

SPARE THRONE LIMITED (REGISTERED NUMBER: 07757863)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 375,000 350,000

CURRENT ASSETS
Debtors 5 421 366
Cash at bank 8,247 6,164
8,668 6,530
CREDITORS
Amounts falling due within one year 6 236,288 235,653
NET CURRENT LIABILITIES (227,620 ) (229,123 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,380

120,877

PROVISIONS FOR LIABILITIES 25,806 21,056
NET ASSETS 121,574 99,821

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 121,572 99,819
121,574 99,821

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 30 April 2025 and were signed on its behalf by:





I C Murray - Director


SPARE THRONE LIMITED (REGISTERED NUMBER: 07757863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Spare Throne 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 350,000
Fair value 25,000
At 31 August 2024 375,000
NET BOOK VALUE
At 31 August 2024 375,000
At 31 August 2023 350,000

SPARE THRONE LIMITED (REGISTERED NUMBER: 07757863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 135,820
Valuation in 2023 (25,000 )
Valuation in 2024 25,000
Cost 239,180
375,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 421 366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 746 245
Other creditors 235,542 235,408
236,288 235,653

7. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £225,375 owing to a director and shareholder of the company (2023: £228,877).

SPARE THRONE LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SPARE THRONE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






LBCA Ltd
1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US


1 May 2025