true
Spencol Funding Limited
08455010
2016-03-31
53986
33474
54236
33724
250
250
54236
33724
54236
33724
54236
33724
322503
265122
376739
298846
372305
298465
4434
381
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Ordinary
100
1
100
100
Ordinary Class 2
100
1
100
100
Ordinary Class 3
100
1
100
100
Ordinary
1
100
100
100
Ordinary Class 2
1
100
100
100
Ordinary Class 3
1
50
50
50
2016-11-01
Mr J B Coleman
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Spencol Funding Limited
2015-04-01
2016-03-31
Spencol Funding Limited
2014-04-01
2015-03-31
Spencol Funding Limited
2014-03-31
Spencol Funding Limited
2015-03-31
Spencol Funding Limited
2015-03-31
Spencol Funding Limited
2016-03-31
2016-11-01