Spartin Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11683882

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		412,160		412,080

			412,160		412,080
CURRENT ASSETS
Debtors	5	7,550		6,341
Cash at bank and in hand		5,822		20,446

		13,372		26,787
Creditors: Amounts Falling Due Within One Year	6	(126,157 )		(216,846 )

NET CURRENT ASSETS (LIABILITIES)			(112,785 )		(190,059 )

TOTAL ASSETS LESS CURRENT LIABILITIES			299,375		222,021

Creditors: Amounts Falling Due After More Than One Year	7		(323,643 )		(229,507 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(467 )		(467 )

NET LIABILITIES			(24,735 )		(7,953 )

CAPITAL AND RESERVES
Called up share capital	9		150		150
Fair value reserve	10		1,991		1,991
Profit and Loss Account			(26,876 )		(10,094 )

SHAREHOLDERS' FUNDS			(24,735)		(7,953)

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Spartin Group Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr. Rikus Harmse

Director

21/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Spartin Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11683882 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% reducing balance basis
Computer Equipment	20% reducing balance basis

2.5. Investment Properties

All Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 December 2024	410,000	4,640	-	414,640
Additions	-	371	140	511

As at 30 November 2025	410,000	5,011	140	415,151

...CONTINUED

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Spartin Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Depreciation
As at 1 December 2024	-	2,560	-	2,560
Provided during the period	-	422	9	431

As at 30 November 2025	-	2,982	9	2,991

Net Book Value
As at 30 November 2025	410,000	2,029	131	412,160

As at 1 December 2024	410,000	2,080	-	412,080

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	288	308
Other debtors	-	6,033
Directors' loan accounts	162	-

	450	6,341
Due after more than one year
Amounts owed by other participating interests	7,100	-

	7,550	6,341

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	2,583	4,889
Directors' loan accounts	624	1,812
Amounts owed to other participating interests	2,950	145
Amounts owed to related parties	120,000	210,000

	126,157	216,846

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	323,643	229,507

The bank loan is secured against the company's investment property.

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

The below bank loans are secured on the investment properties. They are interest only with a term of 25 years.

	2025		2024
	£		£
Bank loans and overdrafts	323,643		229,507

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Spartin Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150	150

10. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 December 2024	1,991	(10,094 )
Loss for the year and total comprehensive income	-	(16,782 )

As at 30 November 2025	1,991	(26,876 )

11. Related Party Transactions

Included in Creditors is an amount for £120,000 (2024: £210,000) owed to R.S.H. Ltd, which is a company registered in England & Wales. The director, Dr Rikus Harmse is also a director of R.S.H. Ltd.

Included in Creditors is an amount for £2,950 (2024: Dr £145) owed to Tin Properties Ltd, which is a company registered in England & Wales. The director, Robert Staegemann is also a director of Tin Properties Ltd.

Included in debtors is an amount for £7,100 (2024: Dr £0) owed by Cyceco Ltd, which is a company registered in England & Wales. The director, Robert Staegemann and Dr Rikus Harmse is also a director of Cyceco Ltd.

12. Controlling Party

There is no ultimate controlling party due to all the shareholders owning equal share capital in the company.

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