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REGISTERED NUMBER: 14739505 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Spj Climbing Two Limited

Spj Climbing Two Limited (Registered number: 14739505)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Report of the Accountant 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Spj Climbing Two Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr S P Jobson





REGISTERED OFFICE: Clip N Climb
51 Wandsworth High Street
SW18 2PT





REGISTERED NUMBER: 14739505 (England and Wales)





ACCOUNTANT: Albacore Accounting Limited
724 Capability Green
Luton
Bedfordshire
LU1 3LU

Spj Climbing Two Limited

Report of the Accountant to the Director of
Spj Climbing Two Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to four and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Albacore Accounting Limited
724 Capability Green
Luton
Bedfordshire
LU1 3LU


Date: .............................................

Spj Climbing Two Limited (Registered number: 14739505)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 16,000
Tangible assets 5 452,657 360,792
464,657 376,792

CURRENT ASSETS
Debtors 6 57,000 72,771
Prepayments 7,400 -
Cash at bank 211,814 46,383
276,214 119,154
CREDITORS
Amounts falling due within one year 7 91,276 50,531
NET CURRENT ASSETS 184,938 68,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

649,595

445,415

CREDITORS
Amounts falling due after more than one
year

8

425,784

477,464
NET ASSETS/(LIABILITIES) 223,811 (32,049 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 223,810 (32,050 )
223,811 (32,049 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 15 April 2025 and were signed by:





Mr S P Jobson - Director


Spj Climbing Two Limited (Registered number: 14739505)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Spj Climbing Two 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 5% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 32 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
costs
£   
COST
At 1 April 2024
and 31 March 2025 20,000
AMORTISATION
At 1 April 2024 4,000
Amortisation for year 4,000
At 31 March 2025 8,000
NET BOOK VALUE
At 31 March 2025 12,000
At 31 March 2024 16,000

Spj Climbing Two Limited (Registered number: 14739505)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 275,650 101,267 1,659 1,741 380,317
Additions 12,480 101,485 3,162 744 117,871
At 31 March 2025 288,130 202,752 4,821 2,485 498,188
DEPRECIATION
At 1 April 2024 13,782 5,063 332 348 19,525
Charge for year 14,407 10,138 964 497 26,006
At 31 March 2025 28,189 15,201 1,296 845 45,531
NET BOOK VALUE
At 31 March 2025 259,941 187,551 3,525 1,640 452,657
At 31 March 2024 261,868 96,204 1,327 1,393 360,792

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other loans - 1,169
Deposit 57,000 57,000
VAT - 14,602
57,000 72,771

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 50,350 50,350
Social security and other taxes 3,152 121
Wages payable (118 ) -
Pensions payable 462 -
VAT 37,430 -
Accrued expenses - 60
91,276 50,531

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans more than 1 yr 115,190 144,346
Directors' loan accounts 310,594 333,118
425,784 477,464

9. RESERVES
Retained
earnings
£   

At 1 April 2024 (32,050 )
Profit for the year 255,860
At 31 March 2025 223,810