| Spinners Group Limited |
| Registered number: |
13966525 |
| Balance Sheet |
| as at 31 July 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
6,125 |
|
|
- |
| Investments |
4 |
|
|
8 |
|
|
7 |
|
|
|
|
6,133 |
|
|
7 |
|
| Current assets |
| Debtors |
5 |
|
404,602 |
|
|
- |
| Cash at bank and in hand |
|
|
3,353,205 |
|
|
- |
|
|
|
3,757,807 |
|
|
- |
|
| Creditors: amounts falling due within one year |
6 |
|
(106,585) |
|
|
(6) |
|
| Net current assets/(liabilities) |
|
|
|
3,651,222 |
|
|
(6) |
|
| Total assets less current liabilities |
|
|
|
3,657,355 |
|
|
1 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(2,000,000) |
|
|
- |
|
|
|
| Net assets |
|
|
|
1,657,355 |
|
|
1 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
1 |
| Share premium |
|
|
|
1,999,993 |
|
|
- |
| Profit and loss account |
|
|
|
(342,640) |
|
|
- |
|
| Shareholder's funds |
|
|
|
1,657,355 |
|
|
1 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr J Bylett |
| Director |
| Approved by the board on 24 April 2026 |
|
| Spinners Group Limited |
| Notes to the Accounts |
| for the year ended 31 July 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents charges to subsidiary companies for group management and administrative services, measured at the fair value of the consideration receivable, net of value added tax. Income is recognised in the accounting period in which the services are rendered. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment |
over 3 years |
|
|
Investments |
|
Investments in subsidiary undertakings are stated at cost less any provision for impairment. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Computer equipment |
| £ |
|
Cost |
|
Additions |
6,125 |
|
At 31 July 2025 |
6,125 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 July 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2025 |
6,125 |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 August 2024 |
7 |
|
Additions |
1 |
|
|
At 31 July 2025 |
8 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
237,941 |
|
- |
|
Other debtors |
166,661 |
|
- |
|
|
|
|
|
|
404,602 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
41,939 |
|
- |
|
Taxation and social security costs |
17,755 |
|
- |
|
Other creditors |
46,891 |
|
6 |
|
|
|
|
|
|
106,585 |
|
6 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
2,000,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
1,833,333 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
Included within creditors due after more than one year is £2,000,000 A Loan Stock issued to Gresham House which holds 25% of the issued share capital of the Company and is a related party. |
|
|
| 10 |
Controlling party |
|
|
The company is controlled by the director, Mr J Bylett. |
|
|
| 11 |
Other information |
|
|
Spinners Group Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
27 Old Gloucester Street |
|
London |
|
WC1N 3AX |