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REGISTERED NUMBER: 04845533 (England and Wales)















Spain Investment Limited

Financial Statements

for the Year Ended 31 July 2024






Spain Investment Limited (Registered number: 04845533)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Spain Investment Limited

Company Information
for the year ended 31 July 2024







Director: Jean-Charles Decaux





Registered office: 1 Paternoster Square
London
EC4M 7DX





Registered number: 04845533 (England and Wales)

Spain Investment Limited (Registered number: 04845533)

Balance Sheet
31 July 2024

2024 2023
Notes
Fixed assets
Tangible assets 4 292,857 449,954

Current assets
Debtors 5 20,508 26,487
Cash at bank 55,544 68,741
76,052 95,228
Creditors
Amounts falling due within one year 6 20,436,702 20,090,795
Net current liabilities (20,360,650 ) (19,995,567 )
Total assets less current liabilities (20,067,793 ) (19,545,613 )

Capital and reserves
Called up share capital 7 1,500 1,500
Retained earnings 8 (20,069,293 ) (19,547,113 )
Shareholders' funds (20,067,793 ) (19,545,613 )

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





Jean-Charles Decaux - Director


Spain Investment Limited (Registered number: 04845533)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

Spain Investment 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.

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.

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 - 25% on cost

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future as it is funded by loans from the director and he has no current intention to require repayment. For this reason, he continues to adopt the going concern basis in preparing the financial statements.

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets - classified as basic financial instruments

(i) Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.
(ii) Trade and other receivables.
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.
At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

Spain Investment Limited (Registered number: 04845533)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
Cost
At 1 August 2023 2,770,886 1,519,562 4,290,448
Disposals (2,500 ) - (2,500 )
At 31 July 2024 2,768,386 1,519,562 4,287,948
Depreciation
At 1 August 2023 2,320,932 1,519,562 3,840,494
Charge for year 154,597 - 154,597
At 31 July 2024 2,475,529 1,519,562 3,995,091
Net book value
At 31 July 2024 292,857 - 292,857
At 31 July 2023 449,954 - 449,954

5. Debtors: amounts falling due within one year
2024 2023
Prepayments and accrued income 20,508 26,487

6. Creditors: amounts falling due within one year
2024 2023
Trade creditors 20,857 117,282
Social security and other taxes 317 7,368
Other creditors 640 -
Directors' loan accounts 20,411,828 19,956,828
Accruals and deferred income 3,060 9,317
20,436,702 20,090,795

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value:
1,000 Ordinary £1 1,500 1,500

8. Reserves
Retained
earnings

At 1 August 2023 (19,547,113 )
Deficit for the year (522,180 )
At 31 July 2024 (20,069,293 )

9. Director's advances, credits and guarantees

During the year M. Jean-Charles Decaux. the director of the company, provided the company with €455,000 (2023: €545,000) of funds to enable it to meet its liabilities as they fell due. At the balance sheet date he was owed €20,411,828 (2023 - €19,956,828), there are no fixed terms for repayment and the loans are interest free.

Spain Investment Limited (Registered number: 04845533)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


10. Ultimate controlling party

The ultimate controlling party is Jean-Charles Decaux.

M. Jean-Charles Decaux has confirmed that he will provide continuing support for the company for the foreseeable future.