Silverfin false false 31/12/2025 14/11/2024 31/12/2025 Mr A S Broom 14/11/2024 Ms I Sukan Del Rio 31/12/2025 13 April 2026 The principal activity of the Company during the financial period was the research, design and development of space‑based life science experimentation technologies. SC828994 2025-12-31 SC828994 bus:Director1 2025-12-31 SC828994 bus:Director2 2025-12-31 SC828994 core:CurrentFinancialInstruments 2025-12-31 SC828994 core:ShareCapital 2025-12-31 SC828994 core:RetainedEarningsAccumulatedLosses 2025-12-31 SC828994 core:ComputerEquipment 2024-11-13 SC828994 2024-11-13 SC828994 core:ComputerEquipment 2025-12-31 SC828994 core:ImmediateParent core:CurrentFinancialInstruments 2025-12-31 SC828994 bus:OrdinaryShareClass1 2025-12-31 SC828994 2024-11-14 2025-12-31 SC828994 bus:FilletedAccounts 2024-11-14 2025-12-31 SC828994 bus:SmallEntities 2024-11-14 2025-12-31 SC828994 bus:AuditExemptWithAccountantsReport 2024-11-14 2025-12-31 SC828994 bus:PrivateLimitedCompanyLtd 2024-11-14 2025-12-31 SC828994 bus:Director1 2024-11-14 2025-12-31 SC828994 bus:Director2 2024-11-14 2025-12-31 SC828994 core:ComputerEquipment core:TopRangeValue 2024-11-14 2025-12-31 SC828994 core:ComputerEquipment 2024-11-14 2025-12-31 SC828994 core:CurrentFinancialInstruments 2024-11-14 2025-12-31 SC828994 bus:OrdinaryShareClass1 2024-11-14 2025-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC828994 (Scotland)

# SPINNING AROUND LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 14 NOVEMBER 2024 TO 31 DECEMBER 2025
PAGES FOR FILING WITH THE REGISTRAR

SPINNING AROUND LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 14 NOVEMBER 2024 TO 31 DECEMBER 2025

Contents

SPINNING AROUND LTD

## BALANCE SHEET

AS AT 31 DECEMBER 2025
SPINNING AROUND LTD

## BALANCE SHEET (continued)

AS AT 31 DECEMBER 2025

| Note | 31.12.2025
|  | £
Fixed assets |  |
Tangible assets | 3 | 6,971
|  | 6,971
Current assets |  |
Debtors | 4 | 17,587
Cash at bank and in hand |  | 60,117
|  | 77,704
Creditors: amounts falling due within one year | 5 | ( 84,447)
Net current liabilities |  | (6,743)
Total assets less current liabilities |  | 228
Net assets |  | 228
Capital and reserves |  |
Called-up share capital | 6 | 200,000
Profit and loss account |  | ( 199,772 )
Total shareholder's funds |  | 228

For the financial period ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Spinning Around Ltd (registered number: SC828994) were approved and authorised for issue by the Board of Directors on 13 April 2026. They were signed on its behalf by:

Mr A S Broom Director |

SPINNING AROUND LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 14 NOVEMBER 2024 TO 31 DECEMBER 2025
SPINNING AROUND LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 14 NOVEMBER 2024 TO 31 DECEMBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

Spinning Around Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 7-11 Melville Street, Edinburgh, EH3 7PE, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

The reporting period covers 14 months from incorporation on 14 November 2024 until the company's financial period end of 31 December 2025.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so 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.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

#### 2. Employees

| Period from 14.11.2024 to 31.12.2025
| Number
Monthly average number of persons employed by the Company during the period, including directors | 3

#### 3. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 14 November 2024 | 0 |  | 0
Additions | 8,303 |  | 8,303
At 31 December 2025 | 8,303 |  | 8,303
Accumulated depreciation |  |  |
At 14 November 2024 | 0 |  | 0
Charge for the financial period | 1,332 |  | 1,332
At 31 December 2025 | 1,332 |  | 1,332
Net book value |  |  |
At 31 December 2025 | 6,971 |  | 6,971

#### 4. Debtors

| 31.12.2025
| £
Other debtors | 17,587

#### 5. Creditors: amounts falling due within one year

| 31.12.2025
| £
Trade creditors | 17,422
Amounts owed to Parent undertakings | 49,000
Other creditors | 18,025
| 84,447

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Parent undertakings are unsecured, interest fee and repayable on demand.

#### 6. Called-up share capital

| 31.12.2025
| £
Allotted, called-up and fully-paid |
200,000 Ordinary shares of £ 1.00 each | 200,000

#### 7. Ultimate controlling party

Parent Company:

Spinning Around Group Ltd (SC828789)
C/O Johnston Carmichael, 7-11 Melville Street, Edinburgh, Scotland, EH3 7PE.