Company Registration No. 14740430 (England and Wales)
Spence Lettings Limited
Unaudited accounts
for the year ended 28 February 2026
Spence Lettings Limited
Unaudited accounts
Contents
Spence Lettings Limited
Company Information
for the year ended 28 February 2026
Directors
Abbie Louise Spence
Paul Adrian Spence
Company Number
14740430 (England and Wales)
Registered Office
59 PRINCIPAL RISE
DRINGHOUSES
YORK
YO24 1UF
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
167-169 Great Portland Street
5th Floor
London
W1W 5PF
Spence Lettings Limited
Statement of financial position
as at 28 February 2026
Investment property
200,000
200,000
Cash at bank and in hand
1,081
1,088
Creditors: amounts falling due within one year
(95,891)
(90,751)
Net current liabilities
(94,810)
(89,663)
Total assets less current liabilities
105,190
110,337
Creditors: amounts falling due after more than one year
(92,020)
(97,581)
Provisions for liabilities
Deferred tax
(3,227)
(3,227)
Called up share capital
2
2
Revaluation reserve
9,682
9,682
Profit and loss account
259
(155)
Shareholders' funds
9,943
9,529
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2026 and were signed on its behalf by
Abbie Louise Spence
Director
Company Registration No. 14740430
Spence Lettings Limited
Notes to the Accounts
for the year ended 28 February 2026
Spence Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 14740430. The registered office is 59 PRINCIPAL RISE, DRINGHOUSES, YORK, YO24 1UF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 March 2025
200,000
At 28 February 2026
200,000
5
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
5
-
Loans from directors
95,286
90,151
Spence Lettings Limited
Notes to the Accounts
for the year ended 28 February 2026
6
Creditors: amounts falling due after more than one year
2026
2025
Aggregate of amounts that fall due for payment after five years
92,020
97,581
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
7
Deferred taxation
2026
2025
Revaluation of investment property
3,227
3,227
Provision at start of year
3,227
-
Charged to the profit and loss account
-
3,227
Provision at end of year
3,227
3,227
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).