1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 13,360,000 412,500 13,772,500 13,772,500 13,360,000 6 525,437 525,443 525,443 6 xbrli:pure xbrli:shares iso4217:GBP 11710442 2024-01-01 2024-12-31 11710442 2024-12-31 11710442 2023-12-31 11710442 2023-01-01 2023-12-31 11710442 2023-12-31 11710442 2022-12-31 11710442 bus:Director1 2024-01-01 2024-12-31 11710442 core:WithinOneYear 2024-12-31 11710442 core:WithinOneYear 2023-12-31 11710442 core:AfterOneYear 2024-12-31 11710442 core:AfterOneYear 2023-12-31 11710442 core:ShareCapital 2024-12-31 11710442 core:ShareCapital 2023-12-31 11710442 core:OtherReservesSubtotal 2024-12-31 11710442 core:OtherReservesSubtotal 2023-12-31 11710442 core:RetainedEarningsAccumulatedLosses 2024-12-31 11710442 core:RetainedEarningsAccumulatedLosses 2023-12-31 11710442 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 11710442 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 11710442 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 11710442 core:Non-currentFinancialInstruments 2024-12-31 11710442 core:Non-currentFinancialInstruments 2023-12-31 11710442 core:LandBuildings 2024-12-31 11710442 core:LandBuildings 2023-12-31 11710442 core:LandBuildings 2023-12-31 11710442 core:LandBuildings 2024-01-01 2024-12-31 11710442 bus:SmallEntities 2024-01-01 2024-12-31 11710442 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11710442 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11710442 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11710442 bus:FullAccounts 2024-01-01 2024-12-31 11710442 core:AfterOneYear 2024-01-01 2024-12-31 11710442 core:KeyManagementPersonnel 2024-01-01 2024-12-31 11710442 core:AllAssociates 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 11710442

Spur Capital Ltd

Filleted Unaudited Financial Statements

31 December 2024

Spur Capital Ltd

Financial Statements

Year ended 31 December 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Spur Capital Ltd

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Tangible assets | 5 | 13,772,500 | 13,360,000
Investments | 6 | 525,443 | 6
| ------------- | -------------
| 14,297,943 | 13,360,006

Current assets

Debtors | 7 | 1,048,077 | 510,851
Cash at bank and in hand | 21,322 | 23,245
| ------------ | ---------
| 1,069,399 | 534,096

Creditors: amounts falling due within one year | 8 | 639,840 | 376,577
| ------------ | ---------
Net current assets | 429,559 | 157,519
| ------------- | -------------
Total assets less current liabilities | 14,727,502 | 13,517,525

Creditors: amounts falling due after more than one year | 9 | 10,488,273 | 9,596,185

Provisions

Taxation including deferred tax | 1,453,180 | 1,350,055
| ------------- | -------------
Net assets | 2,786,049 | 2,571,285
| ------------- | -------------

Capital and reserves

Called up share capital | 100 | 100
Non-distributable reserves | 4,359,538 | 4,050,163
Profit and loss account | ( 1,573,589) | ( 1,478,978)
| ------------ | ------------
Shareholders funds | 2,786,049 | 2,571,285
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Spur Capital Ltd

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr D C Granat |
Director |

Company registration number: 11710442

Spur Capital Ltd

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5b Lower Farm Barns, Bainton, Bucknell, Oxfordshire, OX27 7LT, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings 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 finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets

| Investment property
| £
Cost or valuation |
At 1 January 2024 | 13,360,000
Revaluations | 412,500
| -------------
At 31 December 2024 | 13,772,500
| -------------
Depreciation |
At 1 January 2024 and 31 December 2024 | –
| -------------
Carrying amount |
At 31 December 2024 | 13,772,500
| -------------
At 31 December 2023 | 13,360,000
| -------------

The historical cost of the investment property is £7,956,782.
6. Investments

| Shares in group undertakings
| £
Cost |
At 1 January 2024 | 6
Additions | 525,437
| ---------
At 31 December 2024 | 525,443
| ---------
Impairment |
At 1 January 2024 and 31 December 2024 | –
| ---------

Carrying amount |
At 31 December 2024 | 525,443
| ---------
At 31 December 2023 | 6
| ---------

7. Debtors

| 2024 | 2023
| £ | £
Trade debtors | – | 4,221
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 3,877 | 79,340
Other debtors | 1,044,200 | 427,290
| ------------ | ---------
| 1,048,077 | 510,851
| ------------ | ---------

8. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 7,331 | 7,211
Trade creditors | 10,010 | 11,708
Amounts owed to group undertakings and undertakings in which the company has a participating interest | – | 386
Other creditors | 622,499 | 357,272
| --------- | ---------
| 639,840 | 376,577
| --------- | ---------

Bank loans and overdrafts are secured by way of a fixed charge over the company’s assets and undertakings.
9. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 8,246,963 | 8,249,334
Other creditors | 2,241,310 | 1,346,851
| ------------- | ------------
| 10,488,273 | 9,596,185
| ------------- | ------------

Bank loans and overdrafts are secured by way of a fixed charge over the company’s assets and undertakings.
10. Related party transactions
At the year end, the company owed £706 (2023: £706) to the Director. At the year end, the company was owed £3,877 (2023: £79,340) by group companies. At the year end, the company owed £nil (2023: £386) to a group company. At the year end, the company was owed £924,241 (2023: £311,799) by companies related by common control. At the year end, the company owed £456,235 (2023: £142,782) to companies related by common control.