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Registration number: 10315234

Spencers Consultants Limited
Unaudited Financial Statements
for the Year Ended 31 March 2026

Spencers Consultants Limited

(Registration number: 10315234)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Investment property | 3 | 145,000 | 145,000
Current assets |  |  |
Debtors | 4 | 377,476 | 385,076
Cash at bank and in hand |  | 161,907 | 5,363
|  | 539,383 | 390,439
Creditors: Amounts falling due within one year | 5 | (57,057) | (62,842)
Net current assets |  | 482,326 | 327,597
Total assets less current liabilities |  | 627,326 | 472,597
Creditors: Amounts falling due after more than one year | 5 | (79,089) | (81,528)
Provisions for liabilities |  | (3,752) | (2,851)
Net assets |  | 544,485 | 388,218
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 11,255 | -
Retained earnings |  | 533,130 | 388,118
Shareholders' funds |  | 544,485 | 388,218

For the financial year ending 31 March 2026 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 year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 23 July 2026

.........................................

N J Spencer

Director

Spencers Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | Accounting policies

Statutory information

Spencers Consultants Limited is a private company, limited by shares, domiciled in England and Wales, company number 10315234. The registered office is at 469 Ecclesall Road, Sheffield, S11 8PP.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the delivery of services or for the rental of the company's investment properties. Revenue is recognised upon delivery of services or on a straight line basis over the lease terms.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director with the assistance of external valuers as detailed in note 3 of the financial statements. 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.

Spencers Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

1 | Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2025 - 0).

3 | Investment property

| Fair value £
Valuation |
At 1 April 2025 | 145,000
At 31 March 2026 | 145,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director at the year end. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The historical cost of the investment property is £129,993.

4 | Debtors

| 2026 £ | 2025 £
Trade debtors | 10,000 | 22,000
Prepayments | - | 600
Other debtors | 367,476 | 362,476
| 377,476 | 385,076

Spencers Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

5 | Creditors

| 2026 £ | 2025 £
Due within one year |  |
Loans and borrowings | 2,417 | 2,517
Taxation and social security | 52,390 | 6,125
Accruals and deferred income | 2,250 | 1,800
Other creditors | - | 52,400
| 57,057 | 62,842

| 2026 £ | 2025 £
Due after one year |  |
Loans and borrowings | 79,089 | 81,528

The bank borrowings are secured by a fixed charge over the company's assets.

6 | Related party transactions

During the year the company has provided an interest free loan to Mamamaru Ltd, a company in which the director N J Spencer is a director and shareholder. The amout due from the company at the balance sheet date was £367,476 (2025: £362,476.)

During the year, the director N J Spencer had an interest free loan account with the company. At the balance sheet date, the amount due from the company was £Nil (2025: £52,400).