Spanreach Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02124206 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Spanreach Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr G L Bond

Mrs S Bond

SECRETARY:

Mrs S Bond

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

BUSINESS ADDRESS:

Southern Cross

Little Laver Road

Matching Green

Essex

CM17 0QB

REGISTERED NUMBER:

02124206 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

2,515,530

2,525,304

CURRENT ASSETS

Debtors

5

32,488

40,887

Cash at bank

772,908

772,239

805,396

813,126

CREDITORS

Amounts falling due within one year

6

73,297

77,654

NET CURRENT ASSETS

732,099

735,472

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,247,629

3,260,776

CREDITORS

Amounts falling due after more than one
year

7

(114,172

)

(134,172

)

PROVISIONS FOR LIABILITIES

(332,095

)

(327,516

)

NET ASSETS

2,801,362

2,799,088

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

- non distributable

9

1,516,040

1,520,652

Retained earnings

9

1,285,222

1,278,336

SHAREHOLDERS' FUNDS

2,801,362

2,799,088

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Dr G L Bond - Director

1.	STATUTORY INFORMATION

Spanreach 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 rental income receivable including rents due for the period but not received by the balance sheet date and excluding rents received in advance relating to the following accounting period.

Tangible fixed assets

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

Investment property

-

not provided

Fixtures and fittings

-

not provided

Computer equipment

-

33% on reducing balance

Fixtures and fittings are accounted for on a renewals basis, hence no charge for depreciation is made.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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. Provision is made for potential tax due on the revalued amount of the freehold property.

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.

Investment property

Investment properties are revalued annually. Surplus or deficits on individual properties are recognised through the profit and loss.

Depreciation is not provided in respect of freehold investment properties. The directors consider that this accounting policy, which represents a departure from the statutory accounting rules, is necessary to provide a true and fair view as required under financial reporting standards smaller entities (FRSSE). The financial effect of the departure from the statutory accounting rules is explained in note 5.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Investment

and

Computer

property

fittings

equipment

Totals

£

COST OR VALUATION

At 1 June 2024

2,511,591

43,126

4,026

2,558,743

Disposals

-

(39,211

)

-

(39,211

)

At 31 May 2025

2,511,591

3,915

4,026

2,519,532

DEPRECIATION

At 1 June 2024

-

29,448

3,991

33,439

Charge for year

-

11

Eliminated on disposal

-

(29,448

)

-

(29,448

)

At 31 May 2025

-

4,002

NET BOOK VALUE

At 31 May 2025

2,511,591

3,915

24

2,515,530

At 31 May 2024

2,511,591

13,678

35

2,525,304

Investment properties comprise cost of £663,832 (2024 - £657,826) and revaluations of £1,848,168 (2024 - £1,853,765).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Other debtors

3,438

8,822

Directors' loan accounts

29,050

32,065

32,488

40,887

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Other loans

20,000

Taxation

5,098

4,419

Social security and other taxes

-

14,392

Accrued expenses

48,199

38,843

73,297

77,654

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.25

31.5.24

£

Other loans

114,172

134,172

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

96

Ordinary A

£1

96

4

Ordinary B

£1

4

100

9.

RESERVES

Retained

earnings

Retained

- non

earnings

distributable

Totals

£

At 1 June 2024

1,278,336

1,520,652

2,798,988

Profit for the year

6,886

Freehold property revaluation

-

(4,612

)

(4,612

)

At 31 May 2025

1,285,222

1,516,040

2,801,262

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

Dr G L Bond and Mrs S Bond

Balance outstanding at start of year

32,065

26,274

Amounts advanced

35,910

39,020

Amounts repaid

(38,925

)

(33,229

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

29,050

32,065