Company Registration No. 13423843 (England and Wales)
Sprk Holdings Ltd
Unaudited accounts
for the year ended 31 December 2024
Sprk Holdings Ltd
Unaudited accounts
Contents
Sprk Holdings Ltd
Company Information
for the year ended 31 December 2024
Directors
Dominick Edward Peasley
Simon Nicholas Champ
David Lindsay Brennan
Anthony Thomas Brennan
Company Number
13423843 (England and Wales)
Registered Office
10 John Street
London
WC1N 2EB
United Kingdom
Sprk Holdings Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
1,119
2,137
Investments
2,838,216
2,838,216
Debtors
7,189,408
12,322,928
Cash at bank and in hand
3,427,186
878,743
Creditors: amounts falling due within one year
(7,061,468)
(11,868,583)
Net current assets
3,555,126
1,333,088
Net assets
6,394,461
4,173,441
Called up share capital
486
389
Share premium
7,838,756
5,338,853
Profit and loss account
(1,444,781)
(1,165,801)
Shareholders' funds
6,394,461
4,173,441
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Dominick Edward Peasley
Director
Company Registration No. 13423843
Sprk Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2024
Sprk Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13423843. The registered office is 10 John Street, London, WC1N 2EB, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Preparation of consolidated financial statements
The financial statements contain information about Sprk Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Basic financial instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.
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.
Sprk Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
The company operates a defined contribution pension scheme.
Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
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Tangible fixed assets
Computer equipment
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Investments
Other investments
Valuation at 1 January 2024
2,838,216
Valuation at 31 December 2024
2,838,216
Investments relate to shares in group undertakings recognised at cost.
Amounts falling due within one year
Amounts due from group undertakings etc.
7,159,423
12,291,754
Other debtors
29,985
31,174
Sprk Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,861
9,951
Taxes and social security
29,692
30,958
Other creditors
6,798,540
11,651,272
Allotted, called up and fully paid:
7,253,550 Ordinary of £0.00005 each
362.67
362.67
449,013 VV of £0.00005 each
22.45
22.45
72,084 VN of £0.00005 each
3.60
3.60
1,937,984 B Shares of £0.00005 each
96.89
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Shares issued during the period:
1,937,984 B Shares of £0.00005 each
96.89
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Average number of employees
During the year the average number of employees was 1 (2023: 1).