Spirex Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC600376 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SPIREX LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Levy

REGISTERED OFFICE:

9a Tinto Place

Edinburgh

Midlothian

EH6 5GD

REGISTERED NUMBER:

SC600376 (Scotland)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

-

Investments

5

450,000

CURRENT ASSETS

Debtors

6

1,069,233

1,137,637

Cash at bank

43,070

31,161

1,112,303

1,168,798

CREDITORS

Amounts falling due within one year

7

4,082

1,680

NET CURRENT ASSETS

1,108,221

1,167,118

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,558,221

1,617,118

CREDITORS

Amounts falling due after more than one
year

8

1,625,045

1,580,045

NET (LIABILITIES)/ASSETS

(66,824

)

37,073

CAPITAL AND RESERVES

Called up share capital

9

30,000

Capital Contribution

10

290,000

Retained earnings

10

(386,824

)

(282,927

)

SHAREHOLDERS' FUNDS

(66,824

)

37,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 16 December 2025 and were signed by:

Mr V Nazarov - Director

1.	STATUTORY INFORMATION

Spirex Ltd. is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

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

Fixtures & Fittings - SLM 3 years

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

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.

Going concern

The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

1,500

DEPRECIATION

At 1 January 2024

and 31 December 2024

1,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2024

and 31 December 2024

450,000

NET BOOK VALUE

At 31 December 2024

450,000

At 31 December 2023

450,000

Investments represent 85% of ordinary share capital in The Lindores Distilling Co. Ltd, the company registered in the United Kingdom.

6.

DEBTORS

31.12.24

31.12.23

£

Amounts falling due within one year:

Loan interest accrued

62,756

153,695

Amounts falling due after more than one year:

Loans

1,006,477

983,942

Aggregate amounts

1,069,233

1,137,637

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

48

-

Social security and other taxes

2,768

-

Pension Liability

514

-

Wages control

(1,096

)

-

Accrued expenses

1,848

1,680

4,082

1,680

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Other creditors

1,625,045

1,580,045

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

30,000

Ordinary £1.00

£1

30,000

10.

RESERVES

Retained

Capital

earnings

Contribution

Totals

£

At 1 January 2024

(282,927

)

290,000

7,073

Deficit for the year

(103,897

)

(103,897

)

At 31 December 2024

(386,824

)

290,000

(96,824

)

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due more than one year, is an amount of £985,110 (2023: £940,110) owed to the directors. This loan is interest free, of no fixed term and repayable on demand.