IRIS Accounts Production v24.3.0.553 06195816 Board of Directors 1.3.23 29.2.24 29.2.24 19.11.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061958162023-02-28061958162024-02-29061958162023-03-012024-02-29061958162022-02-28061958162022-03-012023-02-28061958162023-02-2806195816ns15:EnglandWales2023-03-012024-02-2906195816ns14:PoundSterling2023-03-012024-02-2906195816ns10:Director12023-03-012024-02-2906195816ns10:CompanyLimitedByGuarantee2023-03-012024-02-2906195816ns10:SmallEntities2023-03-012024-02-2906195816ns10:Audited2023-03-012024-02-2906195816ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2906195816ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2906195816ns10:FullAccounts2023-03-012024-02-2906195816ns10:Director32023-03-012024-02-2906195816ns10:Director42023-03-012024-02-2906195816ns10:Director62023-03-012024-02-2906195816ns10:Director72023-03-012024-02-2906195816ns10:Director82023-03-012024-02-2906195816ns10:Director92023-03-012024-02-2906195816ns10:Director112023-03-012024-02-2906195816ns10:Director132023-03-012024-02-2906195816ns10:Director142023-03-012024-02-2906195816ns10:Director152023-03-012024-02-2906195816ns10:Director162023-03-012024-02-2906195816ns10:Director172023-03-012024-02-2906195816ns10:RegisteredOffice2023-03-012024-02-2906195816ns5:CurrentFinancialInstruments2024-02-2906195816ns5:CurrentFinancialInstruments2023-02-2806195816ns5:Non-currentFinancialInstruments2024-02-2906195816ns5:Non-currentFinancialInstruments2023-02-2806195816ns5:RetainedEarningsAccumulatedLosses2024-02-2906195816ns5:RetainedEarningsAccumulatedLosses2023-02-2806195816ns5:PlantMachinery2023-03-012024-02-2906195816ns5:PlantMachinery2023-02-2806195816ns5:PlantMachinery2024-02-2906195816ns5:PlantMachinery2023-02-2806195816ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2806195816ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2906195816ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-2906195816ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2806195816ns5:CostValuation2023-02-2806195816ns5:DisposalsRepaymentsInvestments2024-02-2906195816ns5:CostValuation2024-02-2906195816ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2906195816ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 06195816 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

SPUC PRO-LIFE LIMITED

SPUC PRO-LIFE LIMITED (REGISTERED NUMBER: 06195816)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPUC PRO-LIFE LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J A Deighan
J V Edwards
A Fearon
C M Hudson
H F Kiszczuk
M B Kobylarska
A F Kudlowski
A C Mullett
J A Smith
W H M Jolliffe
M P Gibbs
M J Robinson
R F Mullan





REGISTERED OFFICE: 3 Whitacre Mews
Stannary Street
London
SE11 4AB





REGISTERED NUMBER: 06195816 (England and Wales)

SPUC PRO-LIFE LIMITED (REGISTERED NUMBER: 06195816)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,819 15,174
Investments 5 230,080 280,080
240,899 295,254

CURRENT ASSETS
Stocks 5,383 5,155
Debtors 6 656,228 118,458
Cash at bank and in hand 476,724 641,196
1,138,335 764,809
CREDITORS
Amounts falling due within one year 7 326,420 349,320
NET CURRENT ASSETS 811,915 415,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,052,814

710,743

CREDITORS
Amounts falling due after more than one
year

8

5,177

7,057
NET ASSETS 1,047,637 703,686

RESERVES
Income and expenditure account 1,047,637 703,686
1,047,637 703,686

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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





J A Deighan - Director


SPUC PRO-LIFE LIMITED (REGISTERED NUMBER: 06195816)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Spuc Pro-Life Limited is a private company, limited by guarantee , 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 Spuc Pro-Life 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SPUC PRO-LIFE LIMITED (REGISTERED NUMBER: 06195816)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section
12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 42 ) .

SPUC PRO-LIFE LIMITED (REGISTERED NUMBER: 06195816)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 89,580
Additions 1,378
Disposals (1,504 )
At 29 February 2024 89,454
DEPRECIATION
At 1 March 2023 74,406
Charge for year 5,423
Eliminated on disposal (1,194 )
At 29 February 2024 78,635
NET BOOK VALUE
At 29 February 2024 10,819
At 28 February 2023 15,174

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 10,736
DEPRECIATION
At 1 March 2023 2,696
Charge for year 1,947
At 29 February 2024 4,643
NET BOOK VALUE
At 29 February 2024 6,093
At 28 February 2023 8,040

SPUC PRO-LIFE LIMITED (REGISTERED NUMBER: 06195816)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 80 80
Loans to group undertakings 230,000 280,000
230,080 280,080

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 80
NET BOOK VALUE
At 29 February 2024 80
At 28 February 2023 80
Loans to
group
undertakings
£   
At 1 March 2023 280,000
Repayment in year (50,000 )
At 29 February 2024 230,000

Shares in group undertakings comprises 80% of the issued share capital of Stannary Property Limited.

Loans to group undertakings comprises a loan made to Stannary Property Limited. The loan is interest free and repayable on demand. The company does not intend to call in the loan unless Stannary Property is in a position to repay it.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,900 3,913
Other debtors 652,328 114,545
656,228 118,458

SPUC PRO-LIFE LIMITED (REGISTERED NUMBER: 06195816)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 1,880 1,685
Trade creditors 106,148 77,932
Taxation and social security 29,256 41,949
Other creditors 189,136 227,754
326,420 349,320

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases 5,177 7,057

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Elkins FCA (Senior Statutory Auditor)
for and on behalf of Knox Cropper LLP

10. OTHER FINANCIAL COMMITMENTS

The company has provided a guarantee, secured on a fixed and floating charge over all assets of the company, to HSBC Bank in respect of the borrowings of its subsidiary, Stannary Property Limited. At the year end date the outstanding borrowings amounted to £nil.

The company has minimum operating lease payments due in respect of its Preston premises amounting to £10,000 due within one year.

11. RELATED PARTY DISCLOSURES

The company has made an interest free loan of £230,000 (2023: £280,000) to Stannary Property Limited, a subsidiary company in which it is the major shareholder. £50,000 was repaid by Stannary Property Limited during the year. SPUC Pro-Life Ltd paid rent of £64,152 (2023: £64,152) during the year to Stannary Property Limited. The company has provided a guarantee to HSBC Bank in respect of the borrowings of Stannary Property Limited.

During the year the company made contributions to SPUC Pro-Life Scotland of £18,581 (2023: £99,644). The company acts as paymaster for staff jointly employed by the company and SPUC Pro-Life Scotland charged SPUC Pro-Life Scotland £181,624 for its share of staff costs. At the year end the company was owed £Nil by (2023: £10,000) SPUC Pro-Life Scotland, who share similar directors to that of the company.

During the year the company charged SPUC Education and Research Trust £TBC (2023: £9,302) for administration services. At the year end the company owed £100 to (2023: £170) SPUC Education and Research Trust which is a UK registered charitable company. The appointment of trustees to SPUC Education and Research Trust is vested in the company.