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REGISTERED NUMBER: 08745135















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SPEARCROFT LIMITED

SPEARCROFT LIMITED (REGISTERED NUMBER: 08745135)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPEARCROFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: G GREALIS
MRS A GREALIS





REGISTERED OFFICE: 27A Green Lane
Northwood
Middlesex
HA6 2PX





REGISTERED NUMBER: 08745135





ACCOUNTANTS: Shah and Shin
27A Green Lane
Northwood, Middlesex
HA6 2PX

SPEARCROFT LIMITED (REGISTERED NUMBER: 08745135)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2
Investment property 5 238,013 238,013
238,015 238,015

CURRENT ASSETS
Debtors 6 942,363 942,363
Cash at bank and in hand 3,599 9,813
945,962 952,176
CREDITORS
Amounts falling due within one year 7 625,609 637,966
NET CURRENT ASSETS 320,353 314,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,368

552,225

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 558,366 552,223
SHAREHOLDERS' FUNDS 558,368 552,225

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 24 July 2025 and were signed on its behalf by:




G GREALIS - Director


SPEARCROFT LIMITED (REGISTERED NUMBER: 08745135)

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

1. STATUTORY INFORMATION

SPEARCROFT LIMITED is a private company, limited by shares , registered in Not specified/Other. 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is disclosed in the accounts at open market value. The directors consider that the market value of the investment property is the same as the cost of the property.

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 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 2
NET BOOK VALUE
At 31 October 2024 2
At 31 October 2023 2

SPEARCROFT LIMITED (REGISTERED NUMBER: 08745135)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 238,013
NET BOOK VALUE
At 31 October 2024 238,013
At 31 October 2023 238,013

The investment property was valued on an open market value basis on 31 October 2024 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 942,363 942,363

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,160 9,126
Trade creditors (1 ) -
Amounts owed to group undertakings 98,148 98,148
Taxation and social security 3,255 93,545
Other creditors 518,047 437,147
625,609 637,966

8. ULTIMATE CONTROLLING PARTY

The controlling party is MRS A GREALIS.