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REGISTERED NUMBER: 01620420 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

SPENCER BONNETT LIMITED

| SPENCER BONNETT LIMITED (REGISTERED NUMBER: 01620420) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| SPENCER BONNETT LIMITED |

COMPANY INFORMATION

for the Year Ended 30 June 2025

| DIRECTORS: | Mrs H J Bennet

| J S Bonnett

| Mrs K E Bonnett

| J C S Bonnett

| Mrs M J Bonnett

| REGISTERED OFFICE: | Aruna House

| 2 Kings Road

| Haslemere

| Surrey

| GU27 2QA

| REGISTERED NUMBER: | 01620420 (England and Wales)

| ACCOUNTANTS: | A & N (Haslemere) Limited

| Aruna House

| 2 Kings Road

| Haslemere

| Surrey

| GU27 2QA

| SPENCER BONNETT LIMITED (REGISTERED NUMBER: 01620420) |

STATEMENT OF FINANCIAL POSITION

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 3 | 5,000 |  | 5,000 |  |

Investment property | 4 | 2,803,250 |  | 3,060,894 |  |

2,808,250 |  | 3,065,894 |  |

CURRENT ASSETS

Debtors | 5 | 12,947 |  | 13,004 |  |

Cash at bank | 164,252 |  | 8,201 |  |

177,199 |  | 21,205 |  |

CREDITORS

Amounts falling due within one year | 6 | 277,358 |  | 336,297 |  |

NET CURRENT LIABILITIES | (100,159 | ) | (315,092 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,708,091 |  | 2,750,802 |  |

PROVISIONS FOR LIABILITIES | 123,662 |  | 45,414 |  |

NET ASSETS | 2,584,429 |  | 2,705,388 |  |

CAPITAL AND RESERVES

Called up share capital | 2,802 |  | 2,802 |  |

Revaluation reserve | 408,879 |  | 475,868 |  |

Fair value reserve | (286,201 | ) | (297,393 | ) |

Retained earnings | 2,458,949 |  | 2,524,111 |  |

SHAREHOLDER FUNDS | 2,584,429 |  | 2,705,388 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

| SPENCER BONNETT LIMITED (REGISTERED NUMBER: 01620420) |

STATEMENT OF FINANCIAL POSITION - continued

30 June 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

J S Bonnett - Director

| SPENCER BONNETT LIMITED (REGISTERED NUMBER: 01620420) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2025

1. | 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 receivable.

| 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.

| There is no depreciation on the investment properties.

| Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible fixed assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| 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.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 5 ) .

| SPENCER BONNETT LIMITED (REGISTERED NUMBER: 01620420) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

3. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 5,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 5,000 |  |

| At 30 June 2024 | 5,000 |  |

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 July 2024 | 3,060,894 |  |

| Disposals | (197,500 | ) |

| Revaluations | (60,144 | ) |

| At 30 June 2025 | 2,803,250 |  |

| NET BOOK VALUE

| At 30 June 2025 | 2,803,250 |  |

| At 30 June 2024 | 3,060,894 |  |

| Fair value at 30 June 2025 is represented by:

| £

| Valuation in 2020 401,770

| Valuation in 2021 290,000

| Valuation in 2022 (14,900)

| Valuation in 2023 (67,577)

| Valuation in 2024 (57,902)

| Valuation in 2025 (56,744)

| Cost 2,308,603

| Total fair value £2,803,250

| If the investment properties had not been revalued they would have been included at the following historical cost:at 30.6.25 £2,308,603 (2024: £2,426,613)

| Investment properties were valued on an open market basis on 30 June 2024 by Government UK House Price Index.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Other debtors | 12,947 |  | 13,004 |  |

| SPENCER BONNETT LIMITED (REGISTERED NUMBER: 01620420) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Taxation and social security | 26,869 |  | 7,677 |  |

| Other creditors | 250,489 |  | 328,620 |  |

277,358 |  | 336,297 |  |