IRIS Accounts Production v24.3.0.553 07058601 director 1.4.23 31.3.24 31.3.24 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070586012023-03-31070586012024-03-31070586012023-04-012024-03-31070586012022-03-31070586012022-04-012023-03-31070586012023-03-3107058601ns15:EnglandWales2023-04-012024-03-3107058601ns14:PoundSterling2023-04-012024-03-3107058601ns10:Director12023-04-012024-03-3107058601ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107058601ns10:SmallEntities2023-04-012024-03-3107058601ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107058601ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107058601ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107058601ns10:FullAccounts2023-04-012024-03-3107058601ns10:RegisteredOffice2023-04-012024-03-3107058601ns5:CurrentFinancialInstruments2024-03-3107058601ns5:CurrentFinancialInstruments2023-03-3107058601ns5:ShareCapital2024-03-3107058601ns5:ShareCapital2023-03-3107058601ns5:RetainedEarningsAccumulatedLosses2024-03-3107058601ns5:RetainedEarningsAccumulatedLosses2023-03-3107058601ns5:CostValuation2023-03-3107058601ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107058601ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31070586011ns10:Director12023-03-31070586011ns10:Director12022-03-31070586011ns10:Director12023-04-012024-03-31070586011ns10:Director12022-04-012023-03-31070586011ns10:Director12024-03-31070586011ns10:Director12023-03-31
REGISTERED NUMBER: 07058601 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SPEUR LIMITED

SPEUR LIMITED (REGISTERED NUMBER: 07058601)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPEUR LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: S Boyle





REGISTERED OFFICE: Haines Watts Newcastle
17 Queens Lane
Newcastle
NE1 1RN





REGISTERED NUMBER: 07058601 (England and Wales)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

SPEUR LIMITED (REGISTERED NUMBER: 07058601)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Debtors 5 2,511 117,055
Cash at bank and in hand 1 4,141
2,512 121,196
CREDITORS
Amounts falling due within one year 6 2,176 5,638
NET CURRENT ASSETS 336 115,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

337

115,559

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 336 115,558
SHAREHOLDERS' FUNDS 337 115,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:




S Boyle - Director


SPEUR LIMITED (REGISTERED NUMBER: 07058601)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Speur 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Speur Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER
Turnover comprises revenue recognised by the company in respect of royalties, live performances and TV appearances supplied during the year, excluding Value Added Tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

INVESTMENTS IN SUBSIDIARIES
Investment subsidiary undertakings are recognised at cost and reviewed annually for impairment.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


SPEUR LIMITED (REGISTERED NUMBER: 07058601)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,511 117,055

SPEUR LIMITED (REGISTERED NUMBER: 07058601)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 193 709
Other creditors 1,983 4,929
2,176 5,638

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S Boyle
Balance outstanding at start of year (3,014 ) (1,527 )
Amounts advanced 119,458 513
Amounts repaid (114,098 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,346 (3,014 )

8. 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.