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REGISTERED NUMBER: 04321126 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

SPENSON PROPERTIES LTD

SPENSON PROPERTIES LTD (REGISTERED NUMBER: 04321126)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPENSON PROPERTIES LTD

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr J A Shaw
Mr J A Shaw
Mr S J Shaw



SECRETARY: Mrs D Shaw



REGISTERED OFFICE: Unit 4
James Nasmyth Way
Eccles
Manchester
M30 0SF



REGISTERED NUMBER: 04321126 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Bank of Scotland
P O Box 1000
BX2 1LB

SPENSON PROPERTIES LTD (REGISTERED NUMBER: 04321126)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 359 22,149
Investments 5 146,035 227,871
Investment property 6 8,126,852 5,625,324
8,273,246 5,875,344

CURRENT ASSETS
Debtors 7 492,894 4,499
Cash at bank 87,948 815,030
580,842 819,529
CREDITORS
Amounts falling due within one year 8 1,085,975 1,000,712
NET CURRENT LIABILITIES (505,133 ) (181,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,768,113

5,694,161

CREDITORS
Amounts falling due after more than one
year

9

(3,519,749

)

(3,603,280

)

PROVISIONS FOR LIABILITIES (227,841 ) (227,841 )
NET ASSETS 4,020,523 1,863,040

CAPITAL AND RESERVES
Called up share capital 11 4 4
Revaluation reserve 12 1,040,110 1,003,793
Retained earnings 2,980,409 859,243
SHAREHOLDERS' FUNDS 4,020,523 1,863,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SPENSON PROPERTIES LTD (REGISTERED NUMBER: 04321126)

Balance Sheet - continued
30 November 2024


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 29 August 2025 and were signed on its behalf by:





Mr J A Shaw - Director


SPENSON PROPERTIES LTD (REGISTERED NUMBER: 04321126)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Spenson Properties Ltd 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.

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.

Turnover
Turnover represents rental income and recharged costs invoiced during the year, other than where a proportion of this relates to a period after the year end, in which case this proportion is instead credited to a creditor account in the balance sheet.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

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

Investment property
Investment properties are capitalised at their purchase price plus associated legal and professional costs. All of the properties are shown in the balance sheet are stated at their most recent valuation.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets. financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

SPENSON PROPERTIES LTD (REGISTERED NUMBER: 04321126)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 809 51,500 52,309
Disposals - (51,500 ) (51,500 )
At 30 November 2024 809 - 809
DEPRECIATION
At 1 December 2023 387 29,773 30,160
Charge for year 63 - 63
Eliminated on disposal - (29,773 ) (29,773 )
At 30 November 2024 450 - 450
NET BOOK VALUE
At 30 November 2024 359 - 359
At 30 November 2023 422 21,727 22,149

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 December 2023 2 227,869 227,871
Additions - 81,455 81,455
Disposals - (151,421 ) (151,421 )
Revaluations - (11,870 ) (11,870 )
At 30 November 2024 2 146,033 146,035
NET BOOK VALUE
At 30 November 2024 2 146,033 146,035
At 30 November 2023 2 227,869 227,871

Cost or valuation at 30 November 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - (1,088 ) (1,088 )
Valuation in 2024 - (11,870 ) (11,870 )
Cost 2 158,991 158,993
2 146,033 146,035

SPENSON PROPERTIES LTD (REGISTERED NUMBER: 04321126)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 December 2023 5,625,324
Additions 2,636,757
Disposals (135,229 )
At 30 November 2024 8,126,852
NET BOOK VALUE
At 30 November 2024 8,126,852
At 30 November 2023 5,625,324

The investment properties were re-valued during the year by a local valuer.

Cost or valuation at 30 November 2024 is represented by:
£   
Valuation in 2023 1,232,722
Cost 6,894,130
8,126,852

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 220,984 3,526
Amounts owed by associates 3,720 -
Other debtors 268,190 973
492,894 4,499

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 24,627 29,427
Trade creditors - 114
Amounts owed to associates 704,035 -
Taxation and social security 30,267 58,675
Other creditors 327,046 912,496
1,085,975 1,000,712

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 1,224,441 1,269,166
Other creditors 2,295,308 2,334,114
3,519,749 3,603,280

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,125,934 1,151,459

SPENSON PROPERTIES LTD (REGISTERED NUMBER: 04321126)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 1,249,068 1,298,593

The bank loan liabilities falling due for repayment both within and after more than one year are mortgage loans secured on the investment properties to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
444 Ordinary shares 0.01 4 4

12. RESERVES
Revaluation
reserve
£   
At 1 December 2023 1,003,793
revaluation reserve 36,317

At 30 November 2024 1,040,110

13. CONTROLLING PARTY

The controlling party is Mr J A Shaw.

Mr Jason Shaw is the managing director and a shareholder.