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Company No: 11169997 (England and Wales)

SPINNAKER GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

SPINNAKER GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

SPINNAKER GROUP LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2023
SPINNAKER GROUP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2023
DIRECTOR R Bruton
REGISTERED OFFICE 42 Colebrooke Row
London
N1 8AF
England
United Kingdom
COMPANY NUMBER 11169997 (England and Wales)
SPINNAKER GROUP LIMITED

BALANCE SHEET

As at 30 September 2023
SPINNAKER GROUP LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 400 400
400 400
Current assets
Debtors 4 10 10
10 10
Creditors: amounts falling due within one year 5 ( 300) ( 300)
Net current liabilities (290) (290)
Total assets less current liabilities 110 110
Net assets 110 110
Capital and reserves
Called-up share capital 110 110
Total shareholders' funds 110 110

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Spinnaker Group Limited (registered number: 11169997) were approved and authorised for issue by the Director on 01 February 2024. They were signed on its behalf by:

R Bruton
Director
SPINNAKER GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
SPINNAKER GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The company is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales (Company number 11169997). The address of the Company's registered office is 42 Colebrooke Row, London, N1 8AF, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The financial statements have been prepared on a going concern basis. The director is confident that the company and its subsidiaries have sufficient resources to remain in operation for at least 12 months from the date the accounts are approved.

Group accounts exemption

Group accounts exemption s399
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Investments are equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when declared.

Ordinary share capital

Ordinary shares are classified as equity.

Dividends

Interim dividend distributions to the company's shareholder are recognised in the financial statements in the reporting period in which they are paid and final dividends are recognised when approved by the member.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the company during the year 0 0

3. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 400 400

Investments in subsidiaries

2023
£
Cost
At 01 October 2022 400
At 30 September 2023 400
Carrying value at 30 September 2023 400
Carrying value at 30 September 2022 400

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
30.09.2023
Ownership
30.09.2022
Rum Runner Holdings Ltd 42 Colebrooke Row, London, N1 8AF, England see below Ordinary 100.00% 100.00%
Safe Haven Holdings Ltd 42 Colebrooke Row, London, N1 8AF, England see below Ordinary 100.00% 100.00%
Shotgun Front Digital Limited 42 Colebrooke Row, London, N1 8AF, England see below Ordinary 100.00% 100.00%
Propeller Communications Ltd 42 Colebrooke Row, London, N1 8AF, England see below Ordinary 100.00% 100.00%

The principal activity of Rum Runner Holdings Ltd is buying and selling of own real estate.
The principal activity of Safe Haven Holdings Ltd is dormant.
The principal activity of Shotgun Front Digital Limited is other information technology service activities.
The principal activity of Propeller Communications Ltd is other information technology service activities.

4. Debtors

2023 2022
£ £
Other debtors 10 10

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 300 300