REGISTERED NUMBER: 12568065 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

SPRINT (UK) 2 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A D Bruggen

REGISTERED OFFICE:

Folie House

Wandleys Lane

Arundel

West Sussex

BN18 0QR

REGISTERED NUMBER:

12568065 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

1,480

-

Investment property

5

-

470,000

1,480

470,000

CURRENT ASSETS

Debtors

6

1,105

3,918

Cash at bank

77,262

2,113

78,367

6,031

CREDITORS

Amounts falling due within one year

7

79,845

341,869

NET CURRENT LIABILITIES

(1,478

)

(335,838

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2

134,162

PROVISIONS FOR LIABILITIES

-

35,909

NET ASSETS

2

98,253

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

-

107,727

Retained earnings

-

(9,476

)

2

98,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 October 2025 and were signed by:

A D Bruggen - Director

1.	STATUTORY INFORMATION

Sprint (Uk) 2 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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

Computer

equipment

£

COST

Additions

1,799

At 30 April 2025

1,799

DEPRECIATION

Charge for year

319

At 30 April 2025

319

NET BOOK VALUE

At 30 April 2025

1,480

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

470,000

Additions

32,553

Disposals

(502,553

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

470,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

3,739

VAT

1,105

179

1,105

3,918

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

56,659

-

Tax

18,691

-

Directors' loan accounts

2,630

340,650

Accrued expenses

1,865

1,219

79,845

341,869

8.

RESERVES

Fair

value

reserve

£

At 1 May 2024

107,727

Non-distributable reserve

(107,727

)

At 30 April 2025

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, A D Bruggen decreased his loan to the company. As at 30 April 2025, the company owed him £2,630 (2024: £340,650).

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

Sprint (UK) Limited

The parent company of Sprint (UK) 2 Limited

As at 30 April 2025, the company owed Sprint (UK) Limited £56,659 (2024: £3,739). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.