Neal Spencer Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02804930 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Neal Spencer Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J S Cain

Mrs J Cain

SECRETARY:

Mrs J Cain

REGISTERED OFFICE:

24 Giles Close

Hedge End

Southampton

SO30 2TH

REGISTERED NUMBER:

02804930 (England and Wales)

ACCOUNTANTS:

Don Roper Accountant Limited

Linden Lea

Allington Lane

West End

Southampton

Hampshire

SO30 3HQ

FIXED ASSETS

Tangible assets

4

15

20

CURRENT ASSETS

Stocks

5

230,000

250,000

Debtors

6

895

3,145

Cash at bank

96,657

70,429

327,552

323,574

CREDITORS

Amounts falling due within one year

7

310,546

315,434

NET CURRENT ASSETS

17,006

8,140

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,021

8,160

CAPITAL AND RESERVES

Called up share capital

8

2,000

Retained earnings

9

15,021

6,160

SHAREHOLDERS' FUNDS

17,021

8,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 5 September 2025 and were signed on its behalf by:

Mrs J Cain - Director

1.	STATUTORY INFORMATION

Neal Spencer Homes Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 April 2024

and 31 March 2025

6,255

15,250

21,505

DEPRECIATION

At 1 April 2024

6,255

15,230

21,485

Charge for year

-

5

At 31 March 2025

6,255

15,235

21,490

NET BOOK VALUE

At 31 March 2025

-

15

At 31 March 2024

-

20

5.

STOCKS

31.3.25

31.3.24

£

Work-in-progress

230,000

250,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

2,250

Prepayments

895

3,145

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Corporation tax

-

158

Other creditors

500

-

Directors' current accounts

306,077

311,307

Accruals and deferred income

2,770

Accrued expenses

1,199

310,546

315,434

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2,000

Ordinary A

£1

2,000

9.

RESERVES

Retained

earnings

£

At 1 April 2024

6,160

Profit for the year

14,861

Dividends

(6,000

)

At 31 March 2025

15,021

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr J S Cain

Balance outstanding at start of year

(311,307

)

(319,472

)

Amounts advanced

7,100

9,677

Amounts repaid

(1,870

)

(1,512

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(306,077

)

(311,307

)

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 were paid to the directors .

The company was under the control or Mr J S and Mrs J Cain throughout the current and previous period. Mr J S & Mrs J Cain are the managing directors and majority shareholders.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small Entities) for Financial Reporting Standard 102.