REGISTERED NUMBER: 04398718 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Spencer Tracy Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

G S Hammon

Mrs T J Hammon

A P Hammon

REGISTERED OFFICE:

The Lower Wilds

Gayton

Northampton

Northamptonshire

NN7 3HQ

REGISTERED NUMBER:

04398718 (England and Wales)

ACCOUNTANTS:

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

FIXED ASSETS

Tangible assets

4

108,979

110,839

Investments

5

1,033,006

1,110,429

Investment property

6

2,758,130

2,506,033

3,900,115

3,727,301

CURRENT ASSETS

Debtors

128,667

132,357

Cash at bank and in hand

129,350

289,621

258,017

421,978

CREDITORS

Amounts falling due within one year

42,326

21,975

NET CURRENT ASSETS

215,691

400,003

TOTAL ASSETS LESS CURRENT LIABILITIES

4,115,806

4,127,304

CREDITORS

Amounts falling due after more than one year

-

(31,698

)

PROVISIONS FOR LIABILITIES

(380,641

)

(369,354

)

NET ASSETS

3,735,165

3,726,252

CAPITAL AND RESERVES

Called up share capital

500

500

Share premium

2,408,327

2,408,327

Revaluation reserve

7

1,578,755

1,578,755

Retained earnings

(252,417

)

(261,330

)

SHAREHOLDERS' FUNDS

3,735,165

3,726,252

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

G S Hammon - Director

1.	STATUTORY INFORMATION

Spencer Tracy 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 is the total amount receivable by the company in respect of rental income and other investment income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,127,697

Additions

40,989

Disposals

(33,001

)

At 31 March 2025

1,135,685

DEPRECIATION

At 1 April 2024

1,016,858

Charge for year

31,161

Eliminated on disposal

(21,313

)

At 31 March 2025

1,026,706

NET BOOK VALUE

At 31 March 2025

108,979

At 31 March 2024

110,839

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

59,190

DEPRECIATION

At 1 April 2024

23,429

Charge for year

14,798

At 31 March 2025

38,227

NET BOOK VALUE

At 31 March 2025

20,963

At 31 March 2024

35,761

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 April 2024

330,662

Revaluations

3,565

At 31 March 2025

334,227

NET BOOK VALUE

At 31 March 2025

334,227

At 31 March 2024

330,662

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2021

103,420

Valuation in 2022

(23,411

)

Valuation in 2023

(3,004

)

Valuation in 2024

22,539

Valuation in 2025

3,565

Cost

231,118

334,227

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Property investment fund

779,768

475,953

Property investment additions

-

355,703

Property investment disposals

(89,282

)

(87,125

)

Realized gain on investments

8,293

35,236

698,779

779,767

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,506,033

Additions

252,097

At 31 March 2025

2,758,130

NET BOOK VALUE

At 31 March 2025

2,758,130

At 31 March 2024

2,506,033

Fair value at 31 March 2025 is represented by:

£

Valuation in 2005

304,535

Valuation in 2006

295,000

Valuation in 2013

(450,000

)

Valuation in 2014

162,299

Valuation in 2016

135,500

Valuation in 2021

874,500

Valuation in 2023

265,000

Cost

1,171,296

2,758,130

Investment properties were last revalued as at 31 March 2023. In the director's opinion, the total value of investment properties has not moved significantly from the prior year. The basis of the valuation used was open market value. If the properties had not been revalued, they would have been included on the historical cost basis amounting to £1,171,296 (2024 - £919,199).

Included in investment property above is leasehold property of £435,000 (2024 - £435,000).

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

1,578,755

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

G S Hammon

Balance outstanding at start of year

7,015

37,662

Amounts advanced

-

7,015

Amounts repaid

-

(37,662

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

7,015

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 Spencer Tracy Limited for the year ended 31 March 2025 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Spencer Tracy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spencer Tracy Limited and state those matters that we have agreed to state to the Board of Directors of Spencer Tracy Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spencer Tracy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spencer Tracy 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 Spencer Tracy Limited. You consider that Spencer Tracy 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 Spencer Tracy 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.

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

19 December 2025