Registration number:
Spencer Property Limited
for the Year Ended 31 March 2025
Spencer Property Limited
(Registration number: 07638659)
Balance Sheet as at 31 March 2025
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2025 |
2024 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Shareholders' funds |
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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:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.
.........................................
N J Spencer
Director
Spencer Property Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Accounting policies |
Statutory information
Spencer Property Limited is a private company, limited by shares, domiciled in England and Wales, company number 07638659. The registered office is at 469 Ecclesall Road, Sheffield, S11 8PP.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Going concern
After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Spencer Property Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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Investments |
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Subsidiaries |
£ |
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Cost |
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At 1 April 2024 and 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2025 |
2024 |
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Subsidiary undertakings |
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469 Ecclesall Road Sheffield S11 8PP United Kingdom |
Ordinary |
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Subsidiary undertakings
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Spencers Agents Limited The principal activity of Spencers Agents Limited is |
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Creditors |
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2025 |
2024 |
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Due within one year |
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Other creditors |
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Spencer Property Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)
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Related party transactions |
Employee-Ownership Trust
On 31 July 2024 the entire share capital of the company was acquired by Spencers Trust Limited ("the Trust"). The Trust holds the shares for the future benefit of the group's employees. The funding for the transaction (and associated costs) was partially achieved through an initial contribution by the group. The balance of the transaction was funded by the previous owner. The loan due to the previous owner of the group are an obligation of the Trust and so the liability for future payments have not been recognised by the company.
The director is of the opinion that de-facto control does not exist and therefore has excluded the assets and liabilities of the Trust from these financial statements.