Registered number
11716112
The Spa Circle Ltd
Filleted Accounts
31 December 2023
The Spa Circle Ltd
Registered number: 11716112
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 419 380
Cash at bank and in hand 9,630 10,408
10,049 10,788
Creditors: amounts falling due within one year 4 (77,671) (76,626)
Net current liabilities (67,622) (65,838)
Net liabilities (67,622) (65,838)
Capital and reserves
Called up share capital 100 100
Profit and loss account (67,722) (65,938)
Shareholder's funds (67,622) (65,838)
The director is 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 director acknowledges her 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.
Carmen Homsy
Director
Approved by the board on 7 March 2024
The Spa Circle Ltd
Notes to the Accounts
for the year ended 31 December 2023
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Other debtors 419 380
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 6,590 6,590
Other creditors 71,081 70,036
77,671 76,626
Other creditors included related party transaction £63,472 (December 2021 - £57,472). See note 5 below.
5 Related party transactions
The Stage Brands Ltd is a related party of The Spa Circle Ltd by virture of 100% shareholding of the director in both companies. Transactions between both companies as at 31 December 2022 is £63,472 (December 2021 - £57,472). See note 4 above.
6 Ging concern
The director is aware of the company's position and will continue to support the company. The accounts are therefore prepared on the going concern basis.
7 Other information
The Spa Circle Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hamption Hill
Middlesex
TW12 1NS
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