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REGISTERED NUMBER: 13724259 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 30 November 2023

for

Spoty Ace Ltd

Spoty Ace Ltd (Registered number: 13724259)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Spoty Ace Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Emanuela Cotovanu





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 13724259 (England and Wales)





ACCOUNTANTS: K Treppides & Co (UK) Ltd
15-19 Bloomsbury Way
London
WC1A 2TH

Spoty Ace Ltd (Registered number: 13724259)

Report of the Director
for the Year Ended 30 November 2023

The director presents her report with the financial statements of the company for the year ended 30 November 2023.

DIRECTOR
Emanuela Cotovanu - appointed 5 January 2023
Andreas Phanis - appointed 4 November 2021 and resigned 5 January 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Emanuela Cotovanu - Director


31 January 2025

Spoty Ace Ltd (Registered number: 13724259)

Income Statement
for the Year Ended 30 November 2023

Period
4.11.21
Year Ended to
30.11.23 30.11.22
Notes €    €   

TURNOVER 10,448,659 878,848

Distribution costs (5,608 ) (1,547 )
Administrative expenses (10,126,682 ) (799,781 )
OPERATING PROFIT and
PROFIT BEFORE TAXATION 316,369 77,520

Tax on profit (82,011 ) -
PROFIT FOR THE FINANCIAL YEAR 234,358 77,520

Spoty Ace Ltd (Registered number: 13724259)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes €    €   
FIXED ASSETS
Tangible assets 5 21,406 27,015

CURRENT ASSETS
Debtors 6 243,714 130,801
Cash at bank 302,724 68,442
546,438 199,243
CREDITORS
Amounts falling due within one year 7 (9,416 ) (4 )
NET CURRENT ASSETS 537,022 199,239
TOTAL ASSETS LESS CURRENT LIABILITIES 558,428 226,254

CREDITORS
Amounts falling due after more than one
year

8

(237,525

)

(104,460

)

ACCRUALS AND DEFERRED INCOME (8,908 ) (44,157 )
NET ASSETS 311,995 77,637

CAPITAL AND RESERVES
Called up share capital 117 117
Retained earnings 311,878 77,520
311,995 77,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Spoty Ace Ltd (Registered number: 13724259)

Balance Sheet - continued
30 November 2023


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

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





Emanuela Cotovanu - Director


Spoty Ace Ltd (Registered number: 13724259)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Spoty Ace 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

Spoty Ace Ltd (Registered number: 13724259)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
4.11.21
Year Ended to
30.11.23 30.11.22
€    €   
Depreciation - owned assets 5,609 1,547

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
€   
COST
At 1 December 2022
and 30 November 2023 28,562
DEPRECIATION
At 1 December 2022 1,547
Charge for year 5,609
At 30 November 2023 7,156
NET BOOK VALUE
At 30 November 2023 21,406
At 30 November 2022 27,015

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
€    €   
Other debtors 243,714 130,801

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
€    €   
Bank loans and overdrafts 3 3
Trade creditors - 1
Taxation and social security 8,892 -
Other creditors 521 -
9,416 4

Spoty Ace Ltd (Registered number: 13724259)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
€    €   
Amounts owed to group undertakings 17,437 7,914
Taxation and social security 73,119 -
Other creditors 146,969 96,546
237,525 104,460