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COMPANY REGISTRATION NUMBER: 00474994

R. Spenceley Limited

Filleted Unaudited Financial Statements

For the year ended

31 October 2025

R. Spenceley Limited

Statement of Financial Position

31 October 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Investments | 4 |  | 4,941,139 | 3,808,863

Current assets

Debtors | 5 | 8,177 |  | 1,383
Cash at bank and in hand | 62,946 |  | 28,268
| -------- |  | --------
| 71,123 |  | 29,651

Creditors: amounts falling due within one year | 6 | 110,766 |  | 119,943
| --------- |  | ---------
Net current liabilities |  | 39,643 | 90,292
|  | ------------ | ------------
Total assets less current liabilities |  | 4,901,496 | 3,718,571

Creditors: amounts falling due after more than one year | 7 |  | 3,096,536 | 2,200,717

Provisions

Taxation including deferred tax |  | 156,470 | 90,770
|  | ------------ | ------------
Net assets |  | 1,648,490 | 1,427,084
|  | ------------ | ------------

R. Spenceley Limited

Statement of Financial Position (continued)

31 October 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 14,000 | 14,000
Revaluation reserve |  | 929,056 | 666,256
Profit and loss account |  | 705,434 | 746,828
|  | ------------ | ------------
Shareholder funds |  | 1,648,490 | 1,427,084
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 December 2025 , and are signed on behalf of the board by:

R I Spenceley |
Director |

Company registration number: 00474994

R. Spenceley Limited

Notes to the Financial Statements

Year ended 31 October 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 38 Tyndall Court, Commerce Road, Lynchwood, Peterborough, Cambridgeshire, PE2 6LR. The trading address is 4a The Wentworths, Long Sutton, Spalding, Lincolnshire, PE12 9RT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets, liabilities and investment properties measured at fair value through profit or loss.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Investment properties are valued annually and the surplus or deficit is transferred to the revaluation reserve. No depreciation is provided in respect of investment properties; this constitutes a departure from the statutory rules requiring fixed assets to be depreciated over their useful economic lives and is necessary to enable the financial statements to give a true and fair view.
Profit or losses arising from disposal of fixed asset investments are treated as part of the result from ordinary activities.
The rental income shown in the income statement is derived from the investment properties on an accrual basis.
Financial instruments
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Investments

| Investment property
| £
Cost |
At 1 November 2024 | 3,808,863
Additions | 869,476
Revaluations | 262,800
| ------------
At 31 October 2025 | 4,941,139
| ------------
Impairment |
At 1 November 2024 and 31 October 2025 | –
| ------------

Carrying amount |
At 31 October 2025 | 4,941,139
| ------------
At 31 October 2024 | 3,808,863
| ------------

The investment properties are revalued annually by the directors. No external valuations have been performed.
5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 5,286 | –
Other debtors | 2,891 | 1,383
| ------- | -------
| 8,177 | 1,383
| ------- | -------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 8,108
Social security and other taxes | 7,765 | 9,570
Other creditors | 103,001 | 102,265
| --------- | ---------
| 110,766 | 119,943
| --------- | ---------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 3,096,536 | 2,200,717
| ------------ | ------------

Bank loans and overdrafts are secured against the assets to which they relate.