Spenley Residential Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12134196 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Spenley Residential Properties Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

D P Spenley

REGISTERED OFFICE:

9 Hatherley Brake

Cheltenham

GL51 6TW

REGISTERED NUMBER:

12134196 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

National Westminster Bank Plc

Cirencester

FIXED ASSETS

Tangible assets

4

3,230

3,057

CURRENT ASSETS

Debtors

5

2,970

343

Cash at bank

5,020

9,279

7,990

9,622

CREDITORS

Amounts falling due within one year

6

11,206

12,225

NET CURRENT LIABILITIES

(3,216

)

(2,603

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

14

454

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

13

453

SHAREHOLDERS' FUNDS

14

454

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 28 April 2026 and were signed by:

D P Spenley - Director

1.	STATUTORY INFORMATION

Spenley Residential Properties Ltd 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.

Turnover

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

Tangible fixed assets

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

Leasehold improvements

-

20% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

Going concern

Despite net current liabilities of £2,116 (2024 - £2,603), the financial statements have been prepared on a going concern basis. The director has reviewed the future cash flows of the business and has expressed his intention to financially support the company for the foreseeable future. Given this, the director deems it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Motor

Computer

improvements

vehicles

equipment

Totals

£

Cost

At 1 September 2024

5,095

-

1,887

6,982

Additions

-

1,149

150

1,299

At 31 August 2025

5,095

1,149

2,037

8,281

Depreciation

At 1 September 2024

2,038

-

1,887

3,925

Charge for year

1,019

57

50

1,126

At 31 August 2025

3,057

57

1,937

5,051

Net book value

At 31 August 2025

2,038

1,092

100

3,230

At 31 August 2024

3,057

-

3,057

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

Other debtors

2,970

343

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

Trade creditors

689

357

Taxation and social security

9,362

10,520

Other creditors

1,155

1,348

11,206

12,225

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/8/25

31/8/24

£

Within one year

-

259

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31/8/25

31/8/24

£

D P Spenley

Balance outstanding at start of year

-

Amounts advanced

2,787

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,787

-

The unsecured loan to the director has no fixed repayment terms. Interest is charged at HMRC's official rate on balances over £10,000.