Spencer Newman Limited - Accounts to registrar (filleted) - small 18.2
Spencer Newman Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2021 |
| FOR |
| SPENCER NEWMAN LIMITED |
| SPENCER NEWMAN LIMITED (REGISTERED NUMBER: 02993001) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31ST MARCH 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SPENCER NEWMAN LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31ST MARCH 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Five Ways |
| 57/59 Hatfield Road |
| Potters Bar |
| Hertfordshire |
| EN6 1HS |
| SPENCER NEWMAN LIMITED (REGISTERED NUMBER: 02993001) |
| BALANCE SHEET |
| 31ST MARCH 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| FAIR VALUE REVALUATION |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| SPENCER NEWMAN LIMITED (REGISTERED NUMBER: 02993001) |
| BALANCE SHEET - continued |
| 31ST MARCH 2021 |
| 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 |
| SPENCER NEWMAN LIMITED (REGISTERED NUMBER: 02993001) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31ST MARCH 2021 |
| 1. | STATUTORY INFORMATION |
| Spencer Newman Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Long leasehold | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Depreciation has not been provided on buildings as the directors do not consider that the value of these assets have depreciated in value since the date of aquisition. |
| 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. |
| SPENCER NEWMAN LIMITED (REGISTERED NUMBER: 02993001) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31ST MARCH 2021 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2020 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Long | and | Computer |
| property | leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1st April 2020 |
| and 31st March 2021 |
| DEPRECIATION |
| At 1st April 2020 |
| and 31st March 2021 |
| NET BOOK VALUE |
| At 31st March 2021 |
| At 31st March 2020 |
| Cost or valuation at 31st March 2021 is represented by: |
| Fixtures |
| Freehold | Long | and | Computer |
| property | leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2020 | 813,430 | - | - | - | 813,430 |
| Cost | 686,570 | 168,007 | 24,635 | 4,170 | 883,382 |
| 1,500,000 | 168,007 | 24,635 | 4,170 | 1,696,812 |
| 5. | DEBTORS |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Amounts falling due after more than one year: |
| Trade debtors |
| Aggregate amounts |
| SPENCER NEWMAN LIMITED (REGISTERED NUMBER: 02993001) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31ST MARCH 2021 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other creditors |
| 8. | RELATED PARTY DISCLOSURES |
| During the year the company made a loan to New Stowe Developments Limited, a company in which all directors and shareholders are also shareholders. |
| 9. | RETAINED EARNINGS |
| Included in retained earnings is £713,283 (2020: £713,283) of profits that are not available for distribution as they are unrealised. |