REGISTERED NUMBER: 00805672 (England and Wales)

FRANK SPURGEON LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Spurgeon

Mrs L Spurgeon

REGISTERED OFFICE:

Park Farm

Brooke

Norwich

Norfolk

NR15 1HR

REGISTERED NUMBER:

00805672 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Tangible assets

4

335,512

348,245

Investment property

5

1,945,575

1,646,695

2,281,087

1,994,940

CURRENT ASSETS

Stocks

190,579

191,181

Debtors

6

65,635

69,302

Cash at bank and in hand

893,787

1,322,612

1,150,001

1,583,095

CREDITORS

Amounts falling due within one year

7

218,661

279,908

NET CURRENT ASSETS

931,340

1,303,187

TOTAL ASSETS LESS CURRENT LIABILITIES

3,212,427

3,298,127

PROVISIONS FOR LIABILITIES

52,724

54,762

NET ASSETS

3,159,703

3,243,365

CAPITAL AND RESERVES

Called up share capital

8

54,000

54,000

Fair value reserve

9

937,211

937,211

Retained earnings

9

2,168,492

2,252,154

SHAREHOLDERS' FUNDS

3,159,703

3,243,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 22 October 2026 and were signed on its behalf by:

A P Spurgeon - Director

1.	STATUTORY INFORMATION

FRANK SPURGEON LIMITED 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 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.

Freehold property

-

in accordance with the property

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

369,633

148,048

92,109

609,790

Additions

-

373

2,500

2,873

Disposals

-

-

(26,089

)

(26,089

)

At 31 March 2026

369,633

148,421

68,520

586,574

DEPRECIATION

At 1 April 2025

92,019

105,666

63,860

261,545

Charge for year

4,044

4,245

5,858

14,147

Eliminated on disposal

-

-

(24,630

)

(24,630

)

At 31 March 2026

96,063

109,911

45,088

251,062

NET BOOK VALUE

At 31 March 2026

273,570

38,510

23,432

335,512

At 31 March 2025

277,614

42,382

28,249

348,245

Included in cost of land and buildings is freehold land of £ 117,575 (2025 - £ 117,575 ) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,646,695

Additions

298,880

At 31 March 2026

1,945,575

NET BOOK VALUE

At 31 March 2026

1,945,575

At 31 March 2025

1,646,695

Fair value at 31 March 2026 is represented by:

£

Valuation in 2019

26,471

Valuation in 2021

1,106,913

Valuation in 2023

26,553

Cost

785,638

1,945,575

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

27,522

32,154

Other debtors

38,113

37,148

65,635

69,302

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

98,045

104,097

Taxation

2,619

13,590

Other creditors

117,997

162,221

218,661

279,908

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

9,250

Ordinary A

1

9,250

9,250

33,115

Ordinary B

1

33,115

33,115

11,635

Ordinary C

1

11,635

11,635

54,000

54,000

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2025

2,252,154

937,211

3,189,365

Profit for the year

1,338

1,338

Dividends

(85,000

)

(85,000

)

At 31 March 2026

2,168,492

937,211

3,105,703