Spencer East London Ltd 15836034 false 2024-07-12 2025-10-31 2025-10-31 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true 15836034 2024-07-12 2025-10-31 15836034 2025-10-31 15836034 core:CurrentFinancialInstruments 2025-10-31 15836034 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 15836034 core:Non-currentFinancialInstruments 2025-10-31 15836034 core:Non-currentFinancialInstruments core:AfterOneYear 2025-10-31 15836034 bus:SmallEntities 2024-07-12 2025-10-31 15836034 bus:AuditExemptWithAccountantsReport 2024-07-12 2025-10-31 15836034 bus:FilletedAccounts 2024-07-12 2025-10-31 15836034 bus:SmallCompaniesRegimeForAccounts 2024-07-12 2025-10-31 15836034 bus:RegisteredOffice 2024-07-12 2025-10-31 15836034 bus:Director1 2024-07-12 2025-10-31 15836034 bus:PrivateLimitedCompanyLtd 2024-07-12 2025-10-31 15836034 bus:Agent1 2024-07-12 2025-10-31 15836034 countries:EnglandWales 2024-07-12 2025-10-31 iso4217:GBP xbrli:pure

Registration number: 15836034

Spencer East London Ltd
Unaudited Filleted Financial Statements
for the Period from 12 July 2024 to 31 October 2025

Spencer East London Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Spencer East London Ltd

Company Information

Director | Mr Jonah PERELMAN

Registered office | 8 Rodborough Road London United Kingdom NW11 8RY

Accountants | GILBERT ALLAN & CO 8 Rodborough Road London London NW11 8RY

Spencer East London Ltd

(Registration number: 15836034)
Balance Sheet as at 31 October 2025

| Note | 2025 £
Fixed assets |  |
Investment property | 4 | 18,717,795
Current assets |  |
Debtors | 5 | 890,042
Cash at bank and in hand |  | 107,938
|  | 997,980
Creditors: Amounts falling due within one year | 6 | (508,202)
Net current assets |  | 489,778
Total assets less current liabilities |  | 19,207,573
Creditors: Amounts falling due after more than one year | 6 | (19,464,945)
Net liabilities |  | (257,372)
Capital and reserves |  |
Called up share capital |  | 1
Retained earnings |  | (257,373)
Shareholders' deficit |  | (257,372)

For the financial period 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 April 2026

......................................... Mr Jonah PERELMAN Director

Spencer East London Ltd

Notes to the Unaudited Financial Statements for the Period from 12 July 2024 to 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Rodborough Road
London
NW11 8RY
United Kingdom

These financial statements were authorised for issue by the director on 17 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Spencer East London Ltd

Notes to the Unaudited Financial Statements for the Period from 12 July 2024 to 31 October 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4 | Investment properties

| 2025 £
Additions | 18,717,795
At 31 October | 18,717,795

There has been no valuation of investment property by an independent valuer.

Spencer East London Ltd

Notes to the Unaudited Financial Statements for the Period from 12 July 2024 to 31 October 2025

5 | Debtors

Current | 2025 £
Prepayments | 888,281
Other debtors | 1,761
| 890,042

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Accruals and deferred income | 9,840
Other creditors | 498,362
| 508,202

Creditors: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings | 7 | 14,436,086
Other financial liabilities |  | 5,028,859
|  | 19,464,945

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £
Bank borrowings | 14,436,086