Company Registration No. 12995601 (England and Wales)
David Spitzer Ltd
Unaudited accounts
for the year ended 31 December 2024
David Spitzer Ltd
Unaudited accounts
Contents
David Spitzer Ltd
Company Information
for the year ended 31 December 2024
Company Number
12995601 (England and Wales)
Registered Office
45 Stamford Hill
London
N16 5SR
England
David Spitzer Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
1,951
1,750
Investment property
3,525,000
3,523,083
Cash at bank and in hand
49,613
48,458
Creditors: amounts falling due within one year
(171,888)
(322,094)
Net current liabilities
(24,576)
(258,537)
Total assets less current liabilities
3,502,375
3,266,296
Creditors: amounts falling due after more than one year
(2,692,260)
(2,727,323)
Provisions for liabilities
Deferred tax
(115,000)
(115,000)
Net assets
695,115
423,973
Called up share capital
2
2
Profit and loss account
695,113
423,971
Shareholders' funds
695,115
423,973
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2025 and were signed on its behalf by
Mr D Spitzer
Director
Company Registration No. 12995601
David Spitzer Ltd
Notes to the Accounts
for the year ended 31 December 2024
David Spitzer Ltd is a private company, limited by shares, registered in England and Wales, registration number 12995601. The registered office is 45 Stamford Hill, London, N16 5SR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on a straight line basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
David Spitzer Ltd
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Computer equipment
Fair value at 1 January 2024
3,523,083
At 31 December 2024
3,525,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out in the course of the year by the Company's director who are considered to have the expertise and experience required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same location.
Amounts falling due within one year
Other debtors
97,699
15,099
David Spitzer Ltd
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
163,569
24,275
Other creditors
6,827
297,819
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
2,692,260
2,727,323
The bank loan is secured over the investment properties.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).