Spemple Limited - Filleted accounts

Registered number

03858130

Spemple Limited

Filleted Accounts

31 March 2025

Spemple Limited
Registered number:		03858130
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		810,204			822,078

Current assets
Debtors	4	558,651			501,208
Cash at bank and in hand		899,707			657,158
		1,458,358			1,158,366

Creditors: amounts falling due within one year	5	(288,160)			(271,949)

Net current assets			1,170,198			886,417

Total assets less current liabilities			1,980,402			1,708,495


Provisions for liabilities			(18,650)			(18,650)

Net assets			1,961,752			1,689,845

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,961,652			1,689,745

Shareholders' funds			1,961,752			1,689,845

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Hilen Vinodray Shah
Director
Approved by the board on 11 September 2025

Spemple Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes net invoiced carehome fees. Turnover relating to care home fees is recognised per night that a room is occupied.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Plant and machinery			25% on reducing balance
	Fixtures, fittings, tools and equipment			25% on reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					31		31


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Fixtures, fittings and equipment		Total
£			£		£		£
	Cost
	At 1 April 2024	850,000		186,653		79,675		1,116,328
	Additions	-		-		2,841		2,841
	At 31 March 2025	850,000		186,653		82,516		1,119,169

	Depreciation
	At 1 April 2024	61,275		162,519		70,456		294,250
	Charge for the year	5,666		135		8,914		14,715
	At 31 March 2025	66,941		162,654		79,370		308,965

	Net book value
	At 31 March 2025	783,059		23,999		3,146		810,204
	At 31 March 2024	788,725		24,134		9,219		822,078


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					578,340		578,340
	Cumulative depreciation based on historical cost					53,969		50,114
						524,371		528,226
	The land and buildings are included in the accounts at a fair value of £850,000. The valuation was provided by the directors. Included in land and buildings is a land which is valued at £566,695 by the directors. No depreciation has been provided on this.


4	Debtors					2025		2024
£							£

	Trade debtors					98,362		21,930
	Other debtors					16,986		16,975
	Associated company					443,303		462,303
						558,651		501,208

	Associated company:
	Simply Carehome Limited					443,303		462,303


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					7,497		7,497
	Taxation and social security costs					123,753		68,022
	Other creditors					4,560		54,080
	Associated company					152,350		142,350
						288,160		271,949

	Associated company:
	Carleton Court Residential Home Limited					152,350		142,350


6	Controlling party

	The company is a subsidiary of Jensen Investors Inc. a company registered in British Virgin Islands.


7	Other information

	Spemple Limited is a private company limited by shares and incorporated in England. Its registered office is:
	36 Woodberry Avenue
	Harrow
	Middlesex
	HA2 6AX