0 01/04/2024 31/03/2025 2025-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07940478 2024-04-01 2025-03-31 07940478 2025-03-31 07940478 2024-03-31 07940478 2023-04-01 2024-03-31 07940478 2024-03-31 07940478 2023-03-31 07940478 bus:RegisteredOffice 2024-04-01 2025-03-31 07940478 bus:Director1 2024-04-01 2025-03-31 07940478 bus:Director2 2024-04-01 2025-03-31 07940478 core:LandBuildings core:LongLeaseholdAssets 2025-03-31 07940478 core:FurnitureFittingsToolsEquipment 2025-03-31 07940478 core:WithinOneYear 2025-03-31 07940478 core:ShareCapital 2025-03-31 07940478 core:ShareCapital 2024-03-31 07940478 core:RetainedEarningsAccumulatedLosses 2025-03-31 07940478 core:RetainedEarningsAccumulatedLosses 2024-03-31 07940478 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 07940478 bus:SmallEntities 2024-04-01 2025-03-31 07940478 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07940478 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07940478 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07940478 bus:FullAccounts 2024-04-01 2025-03-31 07940478 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 07940478 core:ComputerEquipment 2025-03-31 07940478 core:ComputerEquipment 2024-04-01 2025-03-31
Company registration number: 07940478
Connor Spencer Limited
Unaudited filleted financial statements
31 March 2025
Connor Spencer Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Connor Spencer Limited
Directors and other information
Directors J L Spencer
A E Spencer
Company number 07940478
Registered office 24(B) Holly Bush Lane
Harpenden
AL5 4AT
Connor Spencer Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 231,099 231,099
_______ _______
231,099 231,099
Current assets
Debtors 6 3,108 52,365
Cash at bank and in hand 155,835 142,369
_______ _______
158,943 194,734
Creditors: amounts falling due
within one year 7 ( 7,161) -
_______ _______
Net current assets 151,782 194,734
_______ _______
Total assets less current liabilities 382,881 425,833
_______ _______
Net assets 382,881 425,833
_______ _______
Capital and reserves
Called up share capital 101 101
Profit and loss account 382,780 425,732
_______ _______
Shareholders funds 382,881 425,833
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 July 2025 , and are signed on behalf of the board by:
J L Spencer A E Spencer
Director Director
Company registration number: 07940478
Connor Spencer Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24(B) Holly Bush Lane, Harpenden, AL5 4AT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20% reducing balance
Computer equipment - 20% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: 2 ).
5. Tangible assets
Long leasehold property Fixtures, fittings and equipment Computer equipment Total
£ £ £ £
Cost
At 1 April 2024 and 31 March 2025 231,099 7,860 3,821 242,780
_______ _______ _______ _______
Depreciation
At 1 April 2024 and 31 March 2025 - 7,860 3,821 11,681
_______ _______ _______ _______
Carrying amount
At 31 March 2025 231,099 - - 231,099
_______ _______ _______ _______
At 31 March 2024 231,099 - - 231,099
_______ _______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 2,922 -
Other debtors 186 52,365
_______ _______
3,108 52,365
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Corporation tax 7,161 -
_______ _______