Company registration number 05584713 (England and Wales)
SPEARMINT RHINO JSUK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SPEARMINT RHINO JSUK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
3 - 5
SPEARMINT RHINO JSUK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
1
1
Current assets
-
-
Creditors: amounts falling due within one year
6
(1)
(1)
Net current liabilities
(1)
(1)
Net assets
-
0
-
0
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(1,000)
(1,000)
Total equity
-
0
-
0

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 8 August 2024 and are signed on its behalf by:
Mr J R Specht
Director
Company Registration No. 05584713
SPEARMINT RHINO JSUK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2022
1,000
(1,000)
-
Year ended 31 December 2022:
Profit and total comprehensive income for the year
-
-
0
-
0
Balance at 31 December 2022
1,000
(1,000)
-
0
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
-
0
-
0
Balance at 31 December 2023
1,000
(1,000)
-
0
SPEARMINT RHINO JSUK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Spearmint Rhino JSUK Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is 64 Hagley Road, Birmingham, United Kingdom, B16 8PF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

After taking into account the economic conditions, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Spearmint Rhino Companies Worldwide continues to be supportive of the company and its business. The company therefore continues to adopt the going concern basis in preparing its financial statements.true

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.4
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

SPEARMINT RHINO JSUK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1
1
5
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Dynamic Leisure Limited
64 Hagley Road, Birmingham, B16 8PF
Ordinary
100.00
6
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
1
1
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

SPEARMINT RHINO JSUK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
7
Audit report information
(Continued)
- 5 -
Senior Statutory Auditor:
Paul Creasey
Statutory Auditor:
Azets Audit Services
8
Financial commitments, guarantees and contingent liabilities

At the year end the company is party to a cross guarantee with the group headed by Spearmint Rhino Ventures (UK) Limited. In the event of the cross-guarantee being enforced the company is therefore contingently liable for the amounts due to the bank at the time. The directors do not expect this liability to crystallise in the foreseeable future.

9
Ultimate controlling party

The ultimate controlling party is J Gray.

10
Related Party Disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2023-12-312023-01-01false09 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedMs K J VercherMr J R SpechtSpearmint Rhino Secretarial Services Ltdfalsefalse055847132023-01-012023-12-31055847132023-12-31055847132022-12-3105584713core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3105584713core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3105584713core:ShareCapital2023-12-3105584713core:ShareCapital2022-12-3105584713core:RetainedEarningsAccumulatedLosses2023-12-3105584713core:RetainedEarningsAccumulatedLosses2022-12-3105584713core:ShareCapital2021-12-3105584713core:RetainedEarningsAccumulatedLosses2021-12-3105584713bus:Director22023-01-012023-12-3105584713core:RetainedEarningsAccumulatedLosses2022-01-012022-12-31055847132022-01-012022-12-3105584713core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3105584713core:CurrentFinancialInstruments2023-12-3105584713core:CurrentFinancialInstruments2022-12-3105584713bus:PrivateLimitedCompanyLtd2023-01-012023-12-3105584713bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105584713bus:FRS1022023-01-012023-12-3105584713bus:Audited2023-01-012023-12-3105584713bus:Director12023-01-012023-12-3105584713bus:CompanySecretary12023-01-012023-12-3105584713bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP