REGISTERED NUMBER: 04321126 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

SPENSON PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J A Shaw

Mr J A Shaw

Mr S J Shaw

SECRETARY:

Mrs D Shaw

REGISTERED OFFICE:

Unit 4

James Nasmyth Way

Eccles

Manchester

M30 0SF

REGISTERED NUMBER:

04321126 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

Bank of Scotland

P O Box 1000

BX2 1LB

FIXED ASSETS

Tangible assets

4

305

359

Investments

5

287,998

146,035

Investment property

6

8,162,081

8,162,081

8,450,384

8,308,475

CURRENT ASSETS

Debtors

7

300,704

492,894

Cash at bank

9,812

87,948

310,516

580,842

CREDITORS

Amounts falling due within one year

8

809,263

1,085,975

NET CURRENT LIABILITIES

(498,747

)

(505,133

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,951,637

7,803,342

CREDITORS

Amounts falling due after more than one year

9

(3,609,974

)

(3,519,749

)

PROVISIONS FOR LIABILITIES

(227,841

)

(227,841

)

NET ASSETS

4,113,822

4,055,752

CAPITAL AND RESERVES

Called up share capital

11

4

4

Revaluation reserve

12

1,040,110

1,040,110

Retained earnings

3,073,708

3,015,638

SHAREHOLDERS' FUNDS

4,113,822

4,055,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

Mr J A Shaw - Director

1.	STATUTORY INFORMATION

Spenson 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income and recharged costs invoiced during the year, other than where a proportion of this relates to a period after the year end, in which case this proportion is instead credited to a creditor account in the balance sheet.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Tangible fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are capitalised at their purchase price plus associated legal and professional costs. All of the properties are shown in the balance sheet are stated at their most recent valuation.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 December 2024

and 30 November 2025

809

DEPRECIATION

At 1 December 2024

450

Charge for year

54

At 30 November 2025

504

NET BOOK VALUE

At 30 November 2025

305

At 30 November 2024

359

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 December 2024

2

146,033

146,035

Additions

-

140,581

140,581

Disposals

-

(28,293

)

(28,293

)

Revaluations

-

29,675

29,675

At 30 November 2025

2

287,996

287,998

NET BOOK VALUE

At 30 November 2025

2

287,996

287,998

At 30 November 2024

2

146,033

146,035

Cost or valuation at 30 November 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2023

-

(1,088

)

(1,088

)

Valuation in 2024

-

(11,870

)

(11,870

)

Valuation in 2025

-

29,675

29,675

Cost

2

271,279

271,281

2

287,996

287,998

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2024

and 30 November 2025

8,162,081

NET BOOK VALUE

At 30 November 2025

8,162,081

At 30 November 2024

8,162,081

The investment properties were re-valued during the year by a local valuer.

Cost or valuation at 30 November 2025 is represented by:

£

Valuation in 2023

1,232,722

Cost

6,929,359

8,162,081

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

as restated

£

£

Trade debtors

235,984

220,984

Amounts owed by associates

3,720

3,720

Other debtors

61,000

268,190

300,704

492,894

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

as restated

£

£

Bank loans and overdrafts

24,627

24,627

Amounts owed to associates

704,035

704,035

Taxation and social security

53,132

30,267

Other creditors

27,469

327,046

809,263

1,085,975

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

as restated

£

£

Bank loans

1,213,009

1,224,441

Other creditors

2,396,965

2,295,308

3,609,974

3,519,749

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,073,293

1,125,934

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

as restated

£

£

Bank loans

1,237,636

1,249,068

The bank loan liabilities falling due for repayment both within and after more than one year are mortgage loans secured on the investment properties to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

as restated

£

£

444

Ordinary shares

0.01

4

4

12.

RESERVES

Revaluation

reserve

£

At 1 December 2024

and 30 November 2025

1,040,110

13.	CONTROLLING PARTY

The controlling party is Mr J A Shaw.

Mr Jason Shaw is the managing director and a shareholder.