SPENCER HART SAVILE ROW LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06035573

SPENCER HART SAVILE ROW LTD

Filleted Unaudited Financial Statements

29 December 2024

SPENCER HART SAVILE ROW LTD

Statement of Financial Position

29 December 2024

	2024		2023
Note	£	£	£

Current assets

Stocks		15,000	5,500
Debtors	7	500	68,869
Cash at bank and in hand		2,849	15,139
		--------	--------
		18,349	89,508

Creditors: amounts falling due within one year	8	34,287		76,313
		--------		--------
Net current (liabilities)/assets			( 15,938)	13,195
			--------	--------
Total assets less current liabilities			( 15,938)	13,195

Creditors: amounts falling due after more than one year	9	1,909,684	1,778,301
		------------	------------
Net liabilities		( 1,925,622)	( 1,765,106)
		------------	------------

Capital and reserves

Called up share capital	1,867,785	1,867,785
Profit and loss account	( 3,793,407)	( 3,632,891)
	------------	------------
Shareholder deficit	( 1,925,622)	( 1,765,106)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SPENCER HART SAVILE ROW LTD

Statement of Financial Position (continued)

29 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr Hart
Director

Company registration number: 06035573

SPENCER HART SAVILE ROW LTD

Notes to the Financial Statements

Year ended 29 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 58-59 Great Marlborough Street, London, W1F 7JY, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable from the sale of menswear and fees receivable during the year, exclusive of Value Added Tax.

Income tax

Deferred Tax is recognised in respect of all timing difference that have been originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

leasehold improvement	-	20% straight line
Fixtures and fittings	-	20% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 30 December 2023	33,980	33,980
Disposals	( 33,980)	( 33,980)
	--------	--------
At 29 December 2024	–	–
	--------	--------
Depreciation
At 30 December 2023	33,980	33,980
Disposals	( 33,980)	( 33,980)
	--------	--------
At 29 December 2024	–	–
	--------	--------
Carrying amount
At 29 December 2024	–	–
	--------	--------
At 29 December 2023	–	–
	--------	--------

6. Investments

	Other investments other than loans
	£
Cost
At 30 December 2023 and 29 December 2024	105,015
	---------
Impairment
At 30 December 2023 and 29 December 2024	105,015
	---------

Carrying amount
At 29 December 2024	–
	---------
At 29 December 2023	–
	---------

7. Debtors

	2024	2023
	£	£
Other debtors	500	68,869
	----	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	15,323	16,274
Corporation tax	9,621	14,878
Social security and other taxes	4,706	34,571
Other creditors	4,637	10,590
	--------	--------
	34,287	76,313
	--------	--------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	1,909,684	1,778,301
	------------	------------

Other Creditors related to loan from the major shareholder, which is unsecured, interest free and repayable on demand.

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr Hart	–	( 2,542)	( 2,542)
	----	-------	-------

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr Hart	16,313	( 16,313)	–
	--------	--------	----