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Company No: 05678515 (England and Wales)

SPENCER MUNSON PROPERTY SERVICES LIMITED

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

SPENCER MUNSON PROPERTY SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SPENCER MUNSON PROPERTY SERVICES LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
SPENCER MUNSON PROPERTY SERVICES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTOR Spencer Robert Munson
SECRETARY Catherine Anne Munson
REGISTERED OFFICE Treviot House
186/192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
COMPANY NUMBER 05678515 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
SPENCER MUNSON PROPERTY SERVICES LIMITED

BALANCE SHEET

As at 31 March 2025
SPENCER MUNSON PROPERTY SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 46,115 27,925
46,115 27,925
Current assets
Debtors 4 115,089 252,349
Cash at bank and in hand 5 406,763 326,759
521,852 579,108
Creditors: amounts falling due within one year 6 ( 364,162) ( 464,464)
Net current assets 157,690 114,644
Total assets less current liabilities 203,805 142,569
Provision for liabilities ( 5,964) ( 4,243)
Net assets 197,841 138,326
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 197,741 138,226
Total shareholders' funds 197,841 138,326

For the financial 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.

Director's responsibilities:

The financial statements of Spencer Munson Property Services Limited (registered number: 05678515) were approved and authorised for issue by the Director on 24 July 2025. They were signed on its behalf by:

Spencer Robert Munson
Director
SPENCER MUNSON PROPERTY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SPENCER MUNSON PROPERTY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Spencer Munson Property Services 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 Treviot House, 186/192 High Road, Ilford, Essex, IG1 1LR, 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 represents the total invoice value, excluding value added tax, of sales made during the period.

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.

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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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 10 years straight line
Leasehold improvements 10 years straight line
Fixtures and fittings 25 % reducing balance
Computer equipment 4 years straight line

2. Employees

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

3. Tangible assets

Land and buildings Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2024 3,250 81,358 134,695 32,279 251,582
Additions 0 13,501 4,870 9,497 27,868
At 31 March 2025 3,250 94,859 139,565 41,776 279,450
Accumulated depreciation
At 01 April 2024 3,250 69,446 122,371 28,590 223,657
Charge for the financial year 0 3,158 3,662 2,858 9,678
At 31 March 2025 3,250 72,604 126,033 31,448 233,335
Net book value
At 31 March 2025 0 22,255 13,532 10,328 46,115
At 31 March 2024 0 11,912 12,324 3,689 27,925

4. Debtors

2025 2024
£ £
Trade debtors 14,930 104
Amounts owed by Group undertakings 10,445 19,194
Other debtors 89,714 233,051
115,089 252,349

5. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 406,763 326,759

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 64,238 78,579
Taxation and social security 99,154 78,029
Other creditors 200,770 307,856
364,162 464,464

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each (2024: - shares of £ 1.00 each) 100 100

8. Related party transactions

Transactions with the entity's director

2025 2024
£ £
Amounts advanced 522,516 35,259
Amounts repaid (413,638) (9,936)

At the year end the balance owing to the company was £52,265 (2024 £31,188). The advances made are charged at 2.5% and repayable on demand.

9. Leasing agreements

At the year end the total financial commitments was £172,708 (2024: £245,208).

10. Secured debts

The following secured debts are included within creditors

2025 2024
£ £
Rent Deposit 7,500 7,500