REGISTERED NUMBER: 03099051 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

PETER SPENCE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P N Spence

REGISTERED OFFICE:

Woodhouse Fold Farm

Woodhouse Lane

Norden

Rochdale

Lancashire

OL12 7TB

REGISTERED NUMBER:

03099051 (England and Wales)

ACCOUNTANTS:

TC Group

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Investment property

4

1,385,000

1,510,000

CURRENT ASSETS

Debtors

5

214,691

16,209

Cash at bank

53,306

51,750

267,997

67,959

CREDITORS

Amounts falling due within one year

291,226

225,837

NET CURRENT LIABILITIES

(23,229

)

(157,878

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,361,771

1,352,122

CREDITORS

Amounts falling due after more than one year

(140,059

)

(149,414

)

PROVISIONS FOR LIABILITIES

(217,140

)

(236,756

)

NET ASSETS

1,004,572

965,952

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

651,420

710,269

Retained earnings

353,052

255,583

SHAREHOLDERS' FUNDS

1,004,572

965,952

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 director acknowledges his 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 Income Statement and an abridged Balance Sheet for the year ended 30 June 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 director and authorised for issue on 21 October 2025 and were signed by:

P N Spence - Director

1.	STATUTORY INFORMATION

Peter Spence 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment properties are properties held to earn rentals and/or capital appreciation. Investment properties are included at fair value. Gains are recognised in the Income Statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

1,510,000

Additions

20,000

Disposals

(185,000

)

Revaluations

40,000

At 30 June 2025

1,385,000

NET BOOK VALUE

At 30 June 2025

1,385,000

At 30 June 2024

1,510,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2024

868,560

Cost

516,440

1,385,000

If Investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

516,440

562,975

Investment property was valued on an open market basis on 30 June 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

200,000

-

6.	RELATED PARTY DISCLOSURES

The director made a loan to Holmtree Developments Limited during the year for £200,000 which is included in other debtors.The loan is interest free and repayable upon demand.

Mr. P. Spence is a director and shareholder of both Holmtree Developments Limited and Peter Spence Limited.