Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Investment Holding2020-12-01false44falsetrue 09546999 2020-12-01 2021-11-30 09546999 2019-12-01 2020-11-30 09546999 2021-11-30 09546999 2020-11-30 09546999 c:Director2 2020-12-01 2021-11-30 09546999 d:CurrentFinancialInstruments 2021-11-30 09546999 d:CurrentFinancialInstruments 2020-11-30 09546999 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 09546999 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 09546999 d:ShareCapital 2021-11-30 09546999 d:ShareCapital 2020-11-30 09546999 d:RetainedEarningsAccumulatedLosses 2020-12-01 2021-11-30 09546999 d:RetainedEarningsAccumulatedLosses 2021-11-30 09546999 d:RetainedEarningsAccumulatedLosses 2020-11-30 09546999 c:FRS102 2020-12-01 2021-11-30 09546999 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 09546999 c:FullAccounts 2020-12-01 2021-11-30 09546999 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 09546999 6 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure

Registered number: 09546999









SPINSTART LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

 
SPINSTART LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
SPINSTART LIMITED
REGISTERED NUMBER: 09546999

BALANCE SHEET
AS AT 30 NOVEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Fixed assets
  

Investments
 4 
3,647,612
3,786,612

  
3,647,612
3,786,612

Current assets
  

Cash at bank and in hand
 5 
210
21,576

  
210
21,576

Creditors: amounts falling due within one year
 6 
(3,442,910)
(3,602,910)

Net current liabilities
  
 
 
(3,442,700)
 
 
(3,581,334)

Total assets less current liabilities
  
204,912
205,278

  

Net assets
  
204,912
205,278


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 7 
204,812
205,178

  
204,912
205,278


Page 1

 
SPINSTART LIMITED
REGISTERED NUMBER: 09546999
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 June 2022.




D G Mattey
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SPINSTART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

Spinstart Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 09546999. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity of the company is that of an investment holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 4).

Page 3

 
SPINSTART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

4.


Fixed asset investments





Investments in subsidiary companies
Loans to subsidiaries
Total

£
£
£



Cost or valuation


At 1 December 2020
56,612
3,730,000
3,786,612


Disposals
-
(139,000)
(139,000)



At 30 November 2021

56,612
3,591,000
3,647,612





5.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
210
21,576

210
21,576



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Amounts owed to group undertakings
3,103,000
3,240,000

Other creditors
337,000
360,000

Accruals and deferred income
2,910
2,910

3,442,910
3,602,910



7.


Reserves

Profit and loss account

The profit and loss account represents cumulative distributable profits and losses net of dividends and other adjustments.

Page 4

 
SPINSTART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

8.


Related party transactions

During the year there were part repayments of loans which had been provided to/(from) related parties. At the year end the amounts due from/(to) those related parties were as follows: 


2021
2020
£
£

Entities with control, joint control or significant influence over the entity
(3,033,000)
(3,240,000)
Entities that the entity has control, joint control or significant influence over
3,521,000
3,550,000
488,000
310,000


9.


Controlling party

The Company's ultimate parent company is Orchidbase Limited, a company incorporated in England and Wales.

 
Page 5