REGISTERED NUMBER: 02076281 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

SPRACKLEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J F Spracklen

Mrs V A Spracklen

REGISTERED OFFICE:

Moreton Farm

Moreton Lane

Northmoor, Witney

Oxfordshire

OX29 5SY

REGISTERED NUMBER:

02076281 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

2,971,425

2,971,425

2,971,425

2,971,425

CURRENT ASSETS

Debtors

6

98,117

96,487

Cash at bank

18,192

49,764

116,309

146,251

CREDITORS

Amounts falling due within one year

7

55,596

68,256

NET CURRENT ASSETS

60,713

77,995

TOTAL ASSETS LESS CURRENT LIABILITIES

3,032,138

3,049,420

CREDITORS

Amounts falling due after more than one year

8

(196,343

)

(211,909

)

PROVISIONS FOR LIABILITIES

10

(111,223

)

(111,223

)

NET ASSETS

2,724,572

2,726,288

CAPITAL AND RESERVES

Called up share capital

645,000

645,000

Retained earnings

2,079,572

2,081,288

SHAREHOLDERS' FUNDS

2,724,572

2,726,288

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th December 2025 and were signed on its behalf by:

Mrs V A Spracklen - Director

1.	STATUTORY INFORMATION

Spracklen 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents received, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment properties

The accounting treatment of investment properties is dealt with in accordance with the Financial Reporting Standards for Smaller Entities (effective June 2002). The properties are included in the balance sheet at their open market value, no depreciation being provided.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Plant and

to property

machinery

Totals

£

£

£

COST OR VALUATION

At 1st April 2024

and 31st March 2025

4,630

7,405

12,035

DEPRECIATION

At 1st April 2024

and 31st March 2025

4,630

7,405

12,035

NET BOOK VALUE

At 31st March 2025

-

-

-

At 31st March 2024

-

-

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

2,971,425

NET BOOK VALUE

At 31st March 2025

2,971,425

At 31st March 2024

2,971,425

Fair value at 31st March 2025 is represented by:

£

Valuation in 2025

2,971,425

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

1,397,978

1,397,978

The investment properties were valued on an open market basis on 31st March 2025 by the company directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

-

1,486

Amounts due from connected company

95,000

95,000

Prepayments

3,117

1

98,117

96,487

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

14,253

14,253

Tax

12,334

10,827

Social security and other taxes

-

1,583

Directors' current accounts

18,676

15,000

Accruals & deferred income

10,333

26,593

55,596

68,256

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loan 1-2 years

17,084

17,084

Bank Loan two 1-2 years

11,423

11,423

Bank loan 2-5 years

25,626

25,626

Bank loan two 2-5 years

17,134

17,134

Bank loans more 5 yr by instal

125,076

140,642

196,343

211,909

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

125,076

140,642

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

210,596

226,162

The amount owed to the company's bankers is secured by a legal mortgage over the leasehold property at 2 Cameron House, Court Road, Maidenhead, Berkshire and by a legal mortgage over the leasehold property at 45 Marriots Walk, Witney, Oxfordshire.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

111,223

111,223

Deferred tax

£

Balance at 1st April 2024

111,223

Balance at 31st March 2025

111,223

11.	RELATED PARTY DISCLOSURES

During the year, a shareholder Mr G Spracklen, lived in one of the company's investment properties rent free. Market rent of £9,000 (2024 : £9,000) per annum was included in the company's turnover and profit for the year. This amount has been treated as a dividend distribution.