REGISTERED NUMBER: 14698964 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Spj Climbing One Limited

Page

Company Information

1

Report of the Accountant

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTOR:

Mr S P Jobson

REGISTERED OFFICE:

First Floor Office

3 Hornton Place

London

W8 4LZ

REGISTERED NUMBER:

14698964 (England and Wales)

ACCOUNTANT:

Albacore Accounting Limited

The Maylands Building

Maylands Avenue

Hemel Hempstead

Hertfordshire

HP2 7TG

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to four and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Albacore Accounting Limited

The Maylands Building

Maylands Avenue

Hemel Hempstead

Hertfordshire

HP2 7TG

Date: .............................................

FIXED ASSETS

Intangible assets

4

12,000

16,000

Tangible assets

5

189,122

-

201,122

16,000

CURRENT ASSETS

Debtors

6

-

16,234

Cash at bank

49,523

979

49,523

17,213

CREDITORS

Amounts falling due within one year

7

20,127

39,076

NET CURRENT ASSETS/(LIABILITIES)

29,396

(21,863

)

TOTAL ASSETS LESS CURRENT LIABILITIES

230,518

(5,863

)

CREDITORS

Amounts falling due after more than one year

8

364,391

-

NET LIABILITIES

(133,873

)

(5,863

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

9

(133,874

)

(5,864

)

(133,873

)

(5,863

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 December 2025 and were signed by:

Mr S P Jobson - Director

1.	STATUTORY INFORMATION

Spj Climbing One 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

costs

£

COST

At 1 April 2024

and 31 March 2025

20,000

AMORTISATION

At 1 April 2024

4,000

Amortisation for year

4,000

At 31 March 2025

8,000

NET BOOK VALUE

At 31 March 2025

12,000

At 31 March 2024

16,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

Additions

55,396

139,750

492

4,175

199,813

At 31 March 2025

55,396

139,750

492

4,175

199,813

DEPRECIATION

Charge for year

2,770

6,988

98

835

10,691

At 31 March 2025

2,770

6,988

98

835

10,691

NET BOOK VALUE

At 31 March 2025

52,626

132,762

394

3,340

189,122

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Deposit paid

-

10,975

VAT

-

5,259

-

16,234

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

745

-

Social security and other taxes

3,117

-

Wages payable

2

-

Pensions payable

421

-

VAT

15,842

-

Other loans

-

1,170

Directors' current accounts

-

37,835

Accrued expenses

-

71

20,127

39,076

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans - more than 1 yr

134,000

-

Directors' loan accounts

230,391

-

364,391

-

9.

RESERVES

Retained

earnings

£

At 1 April 2024

(5,864

)

Deficit for the year

(128,010

)

At 31 March 2025

(133,874

)