Registered number
04578648
Spiketron Limited
Unaudited Filleted Accounts
31 March 2024
Spiketron Limited
Registered number: 04578648
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 105,089 93,404
Current assets
Debtors 4 1,094 1,165
Cash at bank and in hand 5,037 5,806
6,131 6,971
Creditors: amounts falling due within one year 5 (82,638) (82,638)
Net current liabilities (76,507) (75,667)
Net assets 28,582 17,737
Capital and reserves
Called up share capital 1 1
Other reserve 6 97,725 86,313
Profit and loss account (69,144) (68,577)
Shareholder's funds 28,582 17,737
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms M E Christodoulou
Director
Approved by the board on 1 August 2024
Spiketron Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Listed
investments
£
Fair value
At 1 April 2023 93,404
Additions 273
Revaluation 11,412
At 31 March 2024 105,089
Historical cost
At 1 April 2023 18,349
At 31 March 2024 18,622
Listed investments are stated at fair value which is based on the published price as at the reporting date.
4 Debtors 2024 2023
£ £
Other debtors 1,094 1,165
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings 81,737 81,737
Accruals and deferred income 901 901
82,638 82,638
6 Other reserve 2024 2023
£ £
At 1 April 86,313 90,464
Fair value surplus 11,412 1,399
Disposal of assets stated at fair value - (5,550)
At 31 March 97,725 86,313
7 Controlling party
The ultimate parent undertaking is ASC Investments Limited, a company registered in England and Wales.

The largest and smallest group undertakings for which group accounts have been drawn up is that headed by ASC Investments Limited. Copies of the group accounts can be obtained from Kastalia, 1A Harmood Street, London, NW1 8DN.

The ultimate controlling party is S.A Christodoulou by virtue of his majority shareholding in the ultimate parent undertaking.

Advantage has been taken of the exemption in FRS102 not to disclose related party transactions with the parent company, as Spiketron Limited is wholly owned by the parent company as are the fellow subsidiaries.
8 Other information
Spiketron Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kastalia
1A Harmood Street
London
NW1 8DN
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