2023-01-012023-12-312023-12-31false11093783SPILSBURY HOLDINGS 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SPILSBURY HOLDINGS LIMITED

Registered Number
11093783
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

SPILSBURY HOLDINGS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

ANDREWS, Joseph
LUBIN, Joseph Michael
WILLIAMSON, Zachary James, Dr

Registered Address

3-11 Pine Street
210 Exmouth House
London
EC1R 0JH

Registered Number

11093783 (England and Wales)
SPILSBURY HOLDINGS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets383,85253,363
Investments416,282,696-
16,366,54853,363
Current assets
Debtors1,337,596773,450
Cash at bank and on hand38,194,34677,078,240
39,531,94277,851,690
Creditors amounts falling due within one year5(1,721,362)(318,994)
Net current assets (liabilities)37,810,58077,532,696
Total assets less current liabilities54,177,12877,586,059
Net assets54,177,12877,586,059
Capital and reserves
Called up share capital242242
Share premium89,258,55889,258,558
Profit and loss account(35,081,672)(11,672,741)
Shareholders' funds54,177,12877,586,059
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2024, and are signed on its behalf by:
ANDREWS, Joseph
Director
Registered Company No. 11093783
SPILSBURY HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings25-
Office Equipment-2
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
2.Average number of employees

20232022
Average number of employees during the year2114
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 2379,88379,883
Additions63,80663,806
At 31 December 23143,689143,689
Depreciation and impairment
At 01 January 2326,52026,520
Charge for year33,31733,317
At 31 December 2359,83759,837
Net book value
At 31 December 2383,85283,852
At 31 December 2253,36353,363
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
Additions16,282,69616,282,696
At 31 December 2316,282,69616,282,696
Net book value
At 31 December 2316,282,69616,282,696
At 31 December 22--

Notes

1Other investments other than loans
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables609,51468,870
Bank borrowings and overdrafts-192
Other creditors419,074249,932
Accrued liabilities and deferred income692,774-
Total1,721,362318,994
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.