REGISTERED NUMBER: 00778648 (England and Wales)

Spearpoint Investments Ltd

Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Marshall

S Marshall

REGISTERED OFFICE:

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

REGISTERED NUMBER:

00778648 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

FIXED ASSETS

Tangible assets

4

1,177

-

Investment property

5

1,805,000

1,805,000

1,806,177

1,805,000

CURRENT ASSETS

Debtors

6

989

17,760

Cash at bank

179,863

102,316

180,852

120,076

CREDITORS

Amounts falling due within one year

7

(57,939

)

(71,241

)

NET CURRENT ASSETS

122,913

48,835

TOTAL ASSETS LESS CURRENT LIABILITIES

1,929,090

1,853,835

PROVISIONS FOR LIABILITIES

(33,216

)

(33,216

)

NET ASSETS

1,895,874

1,820,619

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

1,562,988

1,562,988

Capital redemption reserve

8

117,818

117,818

Retained earnings

8

214,968

139,713

1,895,874

1,820,619

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 5th September 2025 and were signed on its behalf by:

S Marshall - Director

1.	STATEMENT OF COMPLIANCE

Spearpoint Investments Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 2 Oriel Court, Omega Park, Alton, Hampshire, GU34 2YT. The registration number is 00778648.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared on the going concern basis as the directors have confirmed that they will continue to provide financial and other support required by the company.

Critical accounting judgements and key sources of estimation uncertainty

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

Useful life of fixed assets

Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate. The useful lives of these assets are estimated based on historic experience and future considerations and these are re-assessed annually.

Valuation of Investment Properties

Investment properties are generally held at the most recent valuation. Where there has been no formal valuation carried out at the balance sheet date, the directors will review the current stated values to ensure they appear reasonable. If required the valuation of investment properties would be held at management valuations, based on their knowledge of the market.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before turnover is recognised:

Rent receivable

Turnover comprises rent receivable from the company's investment properties, exclusive of value added tax where applicable.

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

-

20% on cost

Tangible assets are depreciated over their useful lives taking into account residual values, where appropriate.The useful lives of these assets are estimated based on historic experience and future considerations and these are re-assessed annually.

Any gain or loss arising on the disposal of an asset is determined by the difference between sale proceeds and carrying value of the asset, and is credited or charged to the profit or loss

Investment property

Investment property is included at fair value, any aggregate surplus of deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

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

Cash and cash equivalents

These comprise cash at bank.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors

The only creditor balance that is interest bearing is in relation to the hire purchase loan agreement. All other creditors are non-interest bearing and stated at their nominal values.

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 on investment properties is recognised to the extent there will be a probable sale within 24 months of the date of the balance sheet and there will be sufficient taxable profits and/or taxable temporary differences against which the tax gains can be utilised against. 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 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,403

At 31st March 2025

1,403

DEPRECIATION

Charge for year

226

At 31st March 2025

226

NET BOOK VALUE

At 31st March 2025

1,177

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

1,805,000

NET BOOK VALUE

At 31st March 2025

1,805,000

At 31st March 2024

1,805,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,658,643

1,658,643

The properties are held at the fair value as estimated by the directors, based on their knowledge of the market and industry information.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

988

-

Other debtors

1

17,760

989

17,760

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

21,607

4,530

Social security and other taxes

-

8,861

VAT

8,957

5,283

Deposits held

800

800

Directors' current accounts

-

34,942

Accruals and deferred income

24,875

15,625

Accrued expenses

1,700

1,200

57,939

71,241

8.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1st April 2024

139,713

1,562,988

117,818

1,820,519

Profit for the year

75,255

75,255

At 31st March 2025

214,968

1,562,988

117,818

1,895,774

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

A Marshall

Balance outstanding at start of year

(14,805

)

(14,805

)

Amounts repaid

14,804

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1

)

(14,805

)

S Marshall

Balance outstanding at start of year

34,942

34,942

Amounts repaid

(34,942

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

34,942