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REGISTERED NUMBER: 02245197 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SPARKBRIDGE LIMITED

SPARKBRIDGE LIMITED (REGISTERED NUMBER: 02245197)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPARKBRIDGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: D Boon





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 4a Rose Road
Canvey Island
Essex
SS8 0BP





REGISTERED NUMBER: 02245197 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

SPARKBRIDGE LIMITED (REGISTERED NUMBER: 02245197)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,000 32,357
Investment property 5 1,220,000 1,220,000
1,252,000 1,252,357

CURRENT ASSETS
Cash at bank and in hand 3,646 4,338

CREDITORS
Amounts falling due within one year 6 220,080 232,827
NET CURRENT LIABILITIES (216,434 ) (228,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,035,566

1,023,868

PROVISIONS FOR LIABILITIES 136,828 136,828
NET ASSETS 898,738 887,040

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value reserve 8 525,375 525,375
Retained earnings 372,363 360,665
SHAREHOLDERS' FUNDS 898,738 887,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SPARKBRIDGE LIMITED (REGISTERED NUMBER: 02245197)

BALANCE SHEET - continued
30 APRIL 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





D Boon - Director


SPARKBRIDGE LIMITED (REGISTERED NUMBER: 02245197)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Sparkbridge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus of deficit from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Land and buildings
The freehold property included under tangible fixed assets represents the cost to date of the company's land at Athorne, Essex, which has been acquired with a view to redevelopment for rental income. Planning consent has been obtained and initial services provided to the site.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SPARKBRIDGE LIMITED (REGISTERED NUMBER: 02245197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 30,391 1,109 2,678 3,778 37,956
DEPRECIATION
At 1 May 2023 - 864 2,548 2,187 5,599
Charge for year - 25 13 319 357
At 30 April 2024 - 889 2,561 2,506 5,956
NET BOOK VALUE
At 30 April 2024 30,391 220 117 1,272 32,000
At 30 April 2023 30,391 245 130 1,591 32,357

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,220,000
NET BOOK VALUE
At 30 April 2024 1,220,000
At 30 April 2023 1,220,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 3,370 427
Other creditors 216,710 232,400
220,080 232,827

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 525,375