2023-08-01 2024-07-31 false No description of principal activity Acting Office - Tax and Accounts 1.0 08136522 bus:FullAccounts 2023-08-01 2024-07-31 08136522 bus:Micro-entities 2023-08-01 2024-07-31 08136522 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08136522 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08136522 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08136522 2023-08-01 2024-07-31 08136522 2024-07-31 08136522 bus:RegisteredOffice 2023-08-01 2024-07-31 08136522 core:WithinOneYear 2024-07-31 08136522 core:AfterOneYear 2024-07-31 08136522 2022-08-01 08136522 bus:Director1 2023-08-01 2024-07-31 08136522 bus:Director1 2024-07-31 08136522 bus:Director1 2022-08-01 2023-07-31 08136522 bus:CompanySecretary1 2023-08-01 2024-07-31 08136522 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 08136522 2022-08-01 2023-07-31 08136522 2023-07-31 08136522 core:WithinOneYear 2023-07-31 08136522 core:AfterOneYear 2023-07-31 08136522 bus:EntityAccountantsOrAuditors 2022-08-01 2023-07-31 08136522 core:ComputerEquipment 2023-08-01 2024-07-31 08136522 core:ComputerEquipment 2024-07-31 08136522 core:ComputerEquipment 2023-07-31 08136522 core:OfficeEquipment 2023-08-01 2024-07-31 08136522 core:OfficeEquipment 2024-07-31 08136522 core:OfficeEquipment 2023-07-31 08136522 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-07-31 08136522 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-31 08136522 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 08136522 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 08136522 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 08136522 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 08136522 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 08136522 core:Non-currentFinancialInstruments 2024-07-31 08136522 core:Non-currentFinancialInstruments 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08136522
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 July 2024

for

SPIN VENTURES LIMITED

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 2,823  2,656 
Current assets 46,775  43,450 
Creditors: amount falling due within one year (58,199) (39,111)
Net current assets/(liabilities) (11,424) 4,339 
Total assets less current liabilities (8,601) 6,995 
Net assets/(liabilities) (8,601) 6,995 
 
Capital and reserves (8,601) 6,995 
 
  1. For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Nicola Nic Gorini
Director

Date approved: 21 April 2025
1
Statutory Information
SPIN VENTURES LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 08136522, registration address C/O Apt 27 Mountford Mansion, 100 Battersea Park Road, London, United Kingdom, SW11 4LJ.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment10% Reducing Balance
Office Equipment25% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation   Computer Equipment   Office Equipment   Total
    £   £   £
At 01 August 2023   1,733    3,743    5,476 
Additions   664      664 
At 31 July 2024   2,397    3,743    6,140 
Depreciation
At 01 August 2023   173    2,647    2,820 
Charge for year   223    274    497 
At 31 July 2024   396    2,921    3,317 
Net book values
Closing balance as at 31 July 2024   2,001    822    2,823 
Opening balance as at 01 August 2023   1,560    1,096    2,656 

3.

Average number of employees

Average number of employees during the year was 1 (2023: 1).
2