SPECIALBALANCE LIMITED

SPECIALBALANCE LIMITED
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	3,720	4,340
		3,720	4,340
Current assets
Stocks		1,194,541	968,703
Debtors		4,006,829	3,935,258
Cash at bank and in hand		1,046,268	17,756
		6,247,638	4,921,717
Creditors: amount falling due within one year		(2,839,691)	(2,366,231)
Net current assets		3,407,947	2,555,486

Total assets less current liabilities		3,411,667	2,559,826
Net assets		3,411,667	2,559,826

Capital and reserves
Called up share capital		1	1
Profit and loss account		3,411,666	2,559,825
Shareholders' funds		3,411,667	2,559,826

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 29 September 2025 and were signed on its behalf by:

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Oliver Darrell Spurling
Director

SPECIALBALANCE LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

SPECIALBALANCE LIMITED is a private company, limited by shares, registered in , registration number 03534541, registration address 42-44 Bishopsgate, London, EC2N 4AH.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

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 Equipment

10-25% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 January 2024	7,252	7,252
Additions	-	-
Disposals	-	-
At 31 December 2024	7,252	7,252
Depreciation
At 01 January 2024	2,912	2,912
Charge for year	620	620
On disposals	-	-
At 31 December 2024	3,532	3,532
Net book values
Closing balance as at 31 December 2024	3,720	3,720
Opening balance as at 01 January 2024	4,340	4,340

Related Party

The company has taken advantage of the exemption in Financial Reporting Standard number 8 from the requirement to disclose transactions with group companies on the grounds that the consolidated financial statements are prepared by the ultimate parent company.

During the year the company purchased consultancy services of £336,000 and consultant's expenses of £0 (2023: consultancy £336,000, expenses £0) from Amtrose Limited, a company registered in the British Virgin Isles, of which A Spurling is a shareholder. This sum received by Amtrose Limited was for executive services rendered by A Spurling. The balance due to Amtrose Limited on 31 December 2024 was £0 (2023: £0).

During the year the company purchased consultancy services of £81,050 and consultant's expenses of £0 (2023: consultancy £0, expenses £0) from Insightful Solutions FZE, a company registered in the United Arab Emirates, of which O Spurling is a shareholder. This sum received by Insightful Solutions FZE was for executive services rendered by O Spurling. The balance due to Insightful Solutions FZE on 31 December 2024 was £0 (2023: £0).

5.	Parent Company The ultimate parent company is AquaSource Algae Group Limited, a company registered in Republic of Ireland.

Registered Number: 03534541

SPECIALBALANCE LIMITED

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 December 2024