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REGISTERED NUMBER: 02758097 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Spine-Issimus Limited

Spine-Issimus Limited (Registered number: 02758097)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Spine-Issimus Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Petty-Saphon
K M Petty-Saphon





SECRETARY: K M Petty-Saphon





REGISTERED OFFICE: 9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 02758097 (England and Wales)





ACCOUNTANTS: Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF

Spine-Issimus Limited (Registered number: 02758097)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,956 -
Investment property 6 2,060,000 1,765,000
2,069,956 1,765,000

CURRENT ASSETS
Debtors 7 88,195 86,297
Cash at bank 72,364 79,744
160,559 166,041
CREDITORS
Amounts falling due within one year 8 15,374 25,184
NET CURRENT ASSETS 145,185 140,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,215,141

1,905,857

PROVISIONS FOR LIABILITIES 9 311,419 235,180
NET ASSETS 1,903,722 1,670,677

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Fair value reserve 11 1,257,272 1,036,022
Retained earnings 636,450 624,655
SHAREHOLDERS' FUNDS 1,903,722 1,670,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

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

Spine-Issimus Limited (Registered number: 02758097)

Balance Sheet - continued
30 September 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 22 May 2025 and were signed on its behalf by:





S Petty-Saphon - Director


Spine-Issimus Limited (Registered number: 02758097)

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

1. STATUTORY INFORMATION

Spine-Issimus 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 as modified by the revaluation of certain assets.

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

Revenue from the sale of goods is recognised on the date of delivery to the customer.

Revenue from operating leases is recognised on a straight-line basis over the lease term. The aggregate cost of any lease incentives provided is recognised as a reduction to the revenue recognised on a straight-line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date and changes in fair value are recognised in profit or loss.

In order to ascertain the fair value at each reporting date, investment properties have been valued using an open market valuation on a freehold basis subject to the existing tenancies. Revaluations are conducted annually by the directors.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less.

Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument, unless exempt from such treatment.

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.


Spine-Issimus Limited (Registered number: 02758097)

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

2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 125,000 8,722 133,722
AMORTISATION
At 1 October 2023
and 30 September 2024 125,000 8,722 133,722
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 31,962
Additions 13,275
At 30 September 2024 45,237
DEPRECIATION
At 1 October 2023 31,962
Charge for year 3,319
At 30 September 2024 35,281
NET BOOK VALUE
At 30 September 2024 9,956

Spine-Issimus Limited (Registered number: 02758097)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,765,000
Revaluations 295,000
At 30 September 2024 2,060,000
NET BOOK VALUE
At 30 September 2024 2,060,000
At 30 September 2023 1,765,000

Investment property was valued on an open market basis on 30 September 2024 by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 8 -
Other debtors 88,187 86,297
88,195 86,297

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 1,688 6,067
Taxation and social security 7,566 7,563
Other creditors 6,120 11,554
15,374 25,184

9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 2,489 -
Other timing differences 308,930 235,180
311,419 235,180

Deferred
tax
£   
Balance at 1 October 2023 235,180
Provided during year 76,239
Balance at 30 September 2024 311,419

Spine-Issimus Limited (Registered number: 02758097)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
10,000 Ordinary £1 10,000 10,000

11. RESERVES
Fair
value
reserve
£   
At 1 October 2023 1,036,022
Fair value transfer 221,250

At 30 September 2024 1,257,272

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year advances of £1,894 (2023: £220) were made to the directors and repayments of £220 (2023: £Nil) were received from the directors. At the year end the amount owed to the company by the directors was £1,894 (2022: £220).

13. RELATED PARTY DISCLOSURES

Included in debtors at the year end is an interest free loan of £85,000 (2023: £85,000) owed by another company in which the controlling party has a significant interest.

14. ULTIMATE CONTROLLING PARTY

The controlling party is S Petty-Saphon.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Spine-Issimus Limited

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spine-Issimus Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Spine-Issimus Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spine-Issimus Limited and state those matters that we have agreed to state to the Board of Directors of Spine-Issimus Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spine-Issimus Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spine-Issimus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Spine-Issimus Limited. You consider that Spine-Issimus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Spine-Issimus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF


22 May 2025