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REGISTERED NUMBER: 10112761 (England and Wales)











Financial Statements

for the Year Ended 30 April 2024

for

SPINRIDGE CAPITAL LTD

SPINRIDGE CAPITAL LTD (REGISTERED NUMBER: 10112761)






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


SPINRIDGE CAPITAL LTD

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr P M Weitzkorn
Mrs J A Weitzkorn





SECRETARIES: Mr Z N Weitzkorn
Mr D Weitzkorn





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10112761 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SPINRIDGE CAPITAL LTD (REGISTERED NUMBER: 10112761)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156 621
Investments 5 400,704 373,905
400,860 374,526

CURRENT ASSETS
Debtors 6 3,185,014 3,073,951
Cash at bank 584,369 747,098
3,769,383 3,821,049
CREDITORS
Amounts falling due within one year 7 2,906,138 2,996,205
NET CURRENT ASSETS 863,245 824,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,264,105

1,199,370

CREDITORS
Amounts falling due after more than one year 8 47,930 158,481
NET ASSETS 1,216,175 1,040,889

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 1,215,975 1,040,689
SHAREHOLDERS' FUNDS 1,216,175 1,040,889

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 directors acknowledge their 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.

SPINRIDGE CAPITAL LTD (REGISTERED NUMBER: 10112761)

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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr P M Weitzkorn - Director


SPINRIDGE CAPITAL LTD (REGISTERED NUMBER: 10112761)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Spinridge Capital Ltd 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 20% on Cost
Computer equipment - 25% on cost

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.

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 4 (2023 - 4 ) .

SPINRIDGE CAPITAL LTD (REGISTERED NUMBER: 10112761)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 2,000 3,120 5,120
DEPRECIATION
At 1 May 2023 1,660 2,839 4,499
Charge for year 340 125 465
At 30 April 2024 2,000 2,964 4,964
NET BOOK VALUE
At 30 April 2024 - 156 156
At 30 April 2023 340 281 621

5. FIXED ASSET INVESTMENTS
Other
investme
£   
COST OR VALUATION
At 1 May 2023 373,905
Additions 143,359
Disposals (125,000 )
Revaluations 8,440
At 30 April 2024 400,704
NET BOOK VALUE
At 30 April 2024 400,704
At 30 April 2023 373,905

Cost or valuation at 30 April 2024 is represented by:

Other
investme
£   
Valuation in 2021 13,983
Valuation in 2022 (7,964 )
Valuation in 2023 (16,746 )
Valuation in 2024 8,440
Cost 402,991
400,704

SPINRIDGE CAPITAL LTD (REGISTERED NUMBER: 10112761)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 3,182,962 3,071,907
Prepayments and accrued income 2,052 2,044
3,185,014 3,073,951

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other loans 94,857 77,128
Tax 67,878 8,818
Social security and other taxes 100 2,968
Directors' current accounts 2,735,815 2,901,251
Accrued expenses 7,488 6,040
2,906,138 2,996,205

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other loans - 1-2 years 21,639 77,128
Other loans - 2-5 years 26,291 81,353
47,930 158,481

9. CALLED UP SHARE CAPITAL

Allotted and issued and fully paid:

Allotted and issued:

Number:

Class:
Nominal
Value:

30.04.2024

30.04.2023

10,000 A Ordinary 1p 100.00 100
10,000 B Ordinary 1p 100.00 100
1 C Ordinary 1p 0.01 0.01
1 D Ordinary 1p 0.01 0.01
200.02 200.02

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £2,735,815 (2023: £2,901,251), due and payable to the directors.The amount is interest free and repayable on demand.