Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07783384 2022-03-01 2023-02-28 07783384 2021-03-01 2022-02-28 07783384 2023-02-28 07783384 2022-02-28 07783384 c:Director2 2022-03-01 2023-02-28 07783384 d:FurnitureFittings 2022-03-01 2023-02-28 07783384 d:FurnitureFittings 2023-02-28 07783384 d:FurnitureFittings 2022-02-28 07783384 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07783384 d:CurrentFinancialInstruments 2023-02-28 07783384 d:CurrentFinancialInstruments 2022-02-28 07783384 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07783384 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07783384 d:ShareCapital 2023-02-28 07783384 d:ShareCapital 2022-02-28 07783384 d:RetainedEarningsAccumulatedLosses 2023-02-28 07783384 d:RetainedEarningsAccumulatedLosses 2022-02-28 07783384 c:FRS102 2022-03-01 2023-02-28 07783384 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07783384 c:FullAccounts 2022-03-01 2023-02-28 07783384 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07783384 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 07783384









SPC INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
SPC INVESTMENTS LTD
REGISTERED NUMBER: 07783384

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
83

Investments
 5 
1,000
1,000

  
1,000
1,083

  

Creditors: amounts falling due within one year
 6 
(17,450)
(17,452)

Net current liabilities
  
 
 
(17,450)
 
 
(17,452)

Total assets less current liabilities
  
(16,450)
(16,369)

  

Net liabilities
  
(16,450)
(16,369)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(16,451)
(16,370)

  
(16,450)
(16,369)


Page 1

 
SPC INVESTMENTS LTD
REGISTERED NUMBER: 07783384
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

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 profit and loss account 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 by: 




................................................
S Chatterton
Director

Date: 18 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SPC INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

SPC Investments Limited is a private company limited by shares. The company is incorporated in England & Wales and its trading address is 43-45 Market Street, Marple, Cheshire, SK6 7AA. The registered number is 07783384.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. During the period the company made a loss of £82 (2022: £28 loss) before taxation and at the balance sheet date the company had net current liabilities of £16,450 (2022: £16,369).
The director considers the going concern basis to be appropriate because in his opinion, the company will continue to obtain sufficient funding to enable it to pay its debts as they fall due and also will receive continuing support from the director and shareholders. If the company were unable to obtain such funding, it would be unable to continue trading and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
SPC INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

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 1 (2022 - 1).

Page 4

 
SPC INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 March 2022
1,502



At 28 February 2023

1,502



Depreciation


At 1 March 2022
1,420


Charge for the year on owned assets
82



At 28 February 2023

1,502



Net book value



At 28 February 2023
-



At 28 February 2022
83


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 March 2022
1,000



At 28 February 2023
1,000




The company is a designated member of Simon Chatterton LLP ("the LLP") and has contributed capital of £1,000 as at 28 February 2023. 
The LLP is incorporated in England and Wales and the principal activity is that of an investment entity. The aggregate amount of Members' capital and other reserves of the LLP as at 31 March 2023 amounted to £1,000. 

Page 5

 
SPC INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to other participating interests
16,261
16,261

Other creditors
129
131

Accruals and deferred income
1,060
1,060

17,450
17,452


 
Page 6