Company Registration No. 14423756 (England and Wales)
Spatialedge Limited
Unaudited accounts
for the period from 17 October 2022 to 29 February 2024
Spatialedge Limited
Unaudited accounts
Contents
Spatialedge Limited
Company Information
for the period from 17 October 2022 to 29 February 2024
Directors
Spatialedge (Pty) Ltd
Dr Pierre Cilliers
Hendrik Retief Gerber
Company Number
14423756 (England and Wales)
Registered Office
27 Old Gloucester Street
London
WC1N 3AX
United Kingdom
Spatialedge Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
10,175
Creditors: amounts falling due within one year
5,234
Total assets less current liabilities
17,428
Creditors: amounts falling due after more than one year
(72,234)
Called up share capital
105
Profit and loss account
(54,911)
Shareholders' funds
(54,806)
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by
Hendrik Retief Gerber
Director
Company Registration No. 14423756
Spatialedge Limited
Notes to the Accounts
for the period from 17 October 2022 to 29 February 2024
Spatialedge Limited is a private company, limited by shares, registered in England and Wales, registration number 14423756. The registered office is 27 Old Gloucester Street, London, WC1N 3AX, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
1,602
Spatialedge Limited
Notes to the Accounts
for the period from 17 October 2022 to 29 February 2024
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Creditors: amounts falling due within one year
2024
Taxes and social security
(8,658)
7
Creditors: amounts falling due after more than one year
2024
Amounts owed to group undertakings and other participating interests
72,234
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Transactions with related parties
The following transactions were carried out with related parties:
Turnover:
Spatialedge (Pty) Ltd - Income from related party - £45,822.74
Administrative Expenses
Spatialedge (Pty) Ltd - Employee Costs - £8,411.74
Interest payable and similar charges:
Spatialedge (Pty) Ltd - Interest expense to related party - £5,044.44
Fixed Assets:
Spatialedge (Pty) Ltd - Computer Equipment - £753.52
Balances with related parties at the end of the year:
Spatialedge (Pty) Ltd - Debit Loan balance, owed by, related party - £901.00
Spatialedge (Pty) Ltd - Credit Loan balance, owed to, related party - £73,135.00
Spatialedge (Pty) Ltd - The loan is unsecured, bears interest at a rate decided upon from time to time (currently 8.25%). It is required that the loan be repaid within the next 3 years. The loan is denominated in GBP.
Spatialedge (Pty) Ltd
8 Morkel Road
2nd Floor De Jonker Center
Stellenbosch, 7600
South Africa
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Average number of employees
During the period the average number of employees was 1.