ACCOUNTS - Final Accounts preparation

Registered number: 11453960

SPONDYLOARTHRITIS TRAINING & EDUCATION SPATE (UK) LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2025

SPONDYLOARTHRITIS TRAINING & EDUCATION SPATE (UK) LTD

REGISTERED NUMBER: 11453960

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets			537		-
Investments	5		590,077		573,923
			590,614		573,923
Current assets
Debtors: amounts falling due within one year	6	12,500		52,637
Cash at bank and in hand		52,820		121,409
		65,320		174,046
Creditors: amounts falling due within one year	7	(89,100)		(33,115)
Net current (liabilities)/assets			(23,780)		140,931
Total assets less current liabilities			566,834		714,854

Net assets			566,834		714,854

Capital and reserves
Called up share capital	50	100
Profit and loss account	566,784	714,754
	566,834	714,854

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SPONDYLOARTHRITIS TRAINING & EDUCATION SPATE (UK) LTD

REGISTERED NUMBER: 11453960

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

J K Gaffney

Director

Date: 24 September 2025

The notes on pages 3 to 7 form part of these financial statements.

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SPONDYLOARTHRITIS TRAINING & EDUCATION SPATE (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

Spondyloarthritis Training & Education SPATE (UK) Ltd is a company limited by shares incorporated in England within the United Kingdom. The registered office is 415 Unthank Road, Norwich, Norfolk, NR4 7QB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the Company and other factors such as mitigating ongoing costs.
Based on this, the Directors have concluded that the company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements and will therefore adopt the going concern basis of accounting in preparing these financial statements.

2.3

Turnover

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

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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SPONDYLOARTHRITIS TRAINING & EDUCATION SPATE (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

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SPONDYLOARTHRITIS TRAINING & EDUCATION SPATE (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recogised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	Additions	716
	At 31 July 2025	716
	Depreciation
	Charge for the year	179
	At 31 July 2025	179
	Net book value
	At 31 July 2025	537
	At 31 July 2024	-

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SPONDYLOARTHRITIS TRAINING & EDUCATION SPATE (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

5.	Fixed asset investments

		Listed investments
		£
	Valuation
	At 1 August 2024	573,923
	Additions	106,223
	Disposals	(127,359)
	Revaluations	37,290
	At 31 July 2025	590,077

Debtors

					2025	2024
					£	£


Trade debtors	12,500	50,000
Other debtors	-	2,637
	12,500	52,637

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	28,256	30,485
VAT liability	13,504	-
Accruals and deferred income	47,340	2,630
	89,100	33,115

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SPONDYLOARTHRITIS TRAINING & EDUCATION SPATE (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

8.	Share capital
		2025	2024
		£	£

Allotted, called-up and fully-paid
Ordinary shares of £1.00 each	50	100
	50	100

On 16 September 2024, the company completed a purchase of own shares for 50 ordinary £1.00 shares. These shares were subsequently cancelled on 16 September 2024.

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