| REGISTERED NUMBER: |
| J. Spink & Son (Properties) Limited |
| Unaudited Financial Statements |
| For The Year Ended 31 March 2025 |
| REGISTERED NUMBER: |
| J. Spink & Son (Properties) Limited |
| Unaudited Financial Statements |
| For The Year Ended 31 March 2025 |
| J. Spink & Son (Properties) Limited (Registered number: 00836098) |
| Contents of the Financial Statements |
| For The Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| J. Spink & Son (Properties) Limited |
| Company Information |
| For The Year Ended 31 March 2025 |
| DIRECTORS: |
| SECRETARIES: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 15 Prospect Street |
| Bridlington |
| East Yorkshire |
| YO15 2AE |
| BANKERS: |
| 15 Market Place |
| Driffield |
| East Yorkshire |
| YO25 6AH |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| J. Spink & Son (Properties) Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J. Spink & Son (Properties) Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of J. Spink & Son (Properties) Limited, as a body, in accordance with the terms of our engagement letter dated 3 December 2024. Our work has been undertaken solely to prepare for your approval the financial statements of J. Spink & Son (Properties) Limited and state those matters that we have agreed to state to the Board of Directors of J. Spink & Son (Properties) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. Spink & Son (Properties) Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that J. Spink & Son (Properties) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J. Spink & Son (Properties) Limited. You consider that J. Spink & Son (Properties) Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of J. Spink & Son (Properties) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 15 Prospect Street |
| Bridlington |
| East Yorkshire |
| YO15 2AE |
| J. Spink & Son (Properties) Limited (Registered number: 00836098) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Net investment property revaluation reserve | 8 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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. |
| J. Spink & Son (Properties) Limited (Registered number: 00836098) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| J. Spink & Son (Properties) Limited (Registered number: 00836098) |
| Notes to the Financial Statements |
| For The Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| J. Spink & Son (Properties) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rental income receivable in respect of investment properties. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Grants |
| Grants receivable are reflected in the profit and loss account in order to match the income to the expense to which it relates. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| J. Spink & Son (Properties) Limited (Registered number: 00836098) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2025 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2004 | 1,140,533 |
| Valuation in 2005 | 62,000 |
| Valuation in 2006 | 326,000 |
| Valuation in 2007 | 107,000 |
| Valuation in 2008 | 79,590 |
| Valuation in 2009 | 74,000 |
| Valuation in 2010 | 763,000 |
| Valuation in 2012 | (269,500 | ) |
| Valuation in 2018 | 121,500 |
| Valuation in 2021 | 473,000 |
| Cost | 142,877 |
| 3,020,000 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 142,877 | 142,877 |
| Investment property was valued on an open market basis on 31 March 2025 by I D Scruton . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| J. Spink & Son (Properties) Limited (Registered number: 00836098) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2025 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted,issued and fully paid: |
| Number: | Class: | Nominal value | 2025 | 2024 |
| £ | £ |
| 9,000 | Ordinary "A" | £1 | 9,000 | 9,000 |
| 6,000 | Ordinary "B" | £1 | 6,000 | 6,000 |
| 6,000 | Ordinary "C" | £1 | 6,000 | 6,000 |
| 6,000 | Ordinary "D" | £1 | 6,000 | 6,000 |
| 27,000 | 27,000 |
| Each class of shares have equal rights in all respects, except in relation to the appointment of directors. The holders of each class of shares have the right to appoint a single director. |
| 8. | RESERVES |
| Net |
| investment |
| property |
| Retained | revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2024 | 2,678,481 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 March 2025 | 2,643,414 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year F Spink and Son, a partnership in which S P Scruton and I D Scruton are partners, carried out maintenance on the Company's properties. The charge for the year was £98,282 (2024 - £69,800). |
| At 31 March 2025 there was £45,215 (2024 - £15,630) due to F Spink and Son. |