IRIS Accounts Production v26.1.0.640 07337264 director 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07337264 2024-03-31 07337264 2025-03-31 07337264 2024-04-01 2025-03-31 07337264 2023-03-31 07337264 2023-04-01 2024-03-31 07337264 2024-03-31 07337264 ns15:EnglandWales 2024-04-01 2025-03-31 07337264 ns14:PoundSterling 2024-04-01 2025-03-31 07337264 ns10:Director1 2024-04-01 2025-03-31 07337264 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07337264 ns10:SmallEntities 2024-04-01 2025-03-31 07337264 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07337264 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 07337264 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07337264 ns10:FullAccounts 2024-04-01 2025-03-31 07337264 1 2024-04-01 2025-03-31 07337264 ns10:RegisteredOffice 2024-04-01 2025-03-31 07337264 ns5:CurrentFinancialInstruments 2025-03-31 07337264 ns5:CurrentFinancialInstruments 2024-03-31 07337264 ns5:Non-currentFinancialInstruments 2025-03-31 07337264 ns5:Non-currentFinancialInstruments 2024-03-31 07337264 ns5:ShareCapital 2025-03-31 07337264 ns5:ShareCapital 2024-03-31 07337264 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 07337264 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 07337264 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 07337264 ns5:ComputerSoftware 2024-04-01 2025-03-31 07337264 ns5:FurnitureFittings 2024-04-01 2025-03-31 07337264 ns5:ComputerEquipment 2024-04-01 2025-03-31 07337264 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 07337264 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 07337264 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 07337264 ns5:FurnitureFittings 2024-03-31 07337264 ns5:ComputerEquipment 2024-03-31 07337264 ns5:FurnitureFittings 2025-03-31 07337264 ns5:ComputerEquipment 2025-03-31 07337264 ns5:FurnitureFittings 2024-03-31 07337264 ns5:ComputerEquipment 2024-03-31 07337264 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 07337264 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 07337264 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-03-31 07337264 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-03-31 07337264 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 07337264 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 07337264 ns5:Non-currentFinancialInstruments 2024-04-01 2025-03-31

REGISTERED NUMBER: 07337264 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| SPJM ASSOCIATES LTD |

| SPJM ASSOCIATES LTD (REGISTERED NUMBER: 07337264) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| SPJM ASSOCIATES LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | Mr S P Masterson

| REGISTERED OFFICE: | Southgate Office Village

| 286A Chase Road

| Southgate

| London

| N14 6HF

| REGISTERED NUMBER: | 07337264 (England and Wales)

| ACCOUNTANTS: | ELM Partners

| Chartered Certified Accountants

| Southgate Office Village

| 286a Chase Road

| Southgate

| London

| N14 6HF

| SPJM ASSOCIATES LTD (REGISTERED NUMBER: 07337264) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 415 |  | 518 |  |

Tangible assets | 5 | 3,522 |  | 5,257 |  |

3,937 |  | 5,775 |  |

CURRENT ASSETS

Debtors | 6 | 3,120 |  | 235,803 |  |

Cash at bank | 210 |  | 249 |  |

3,330 |  | 236,052 |  |

CREDITORS

Amounts falling due within one year | 7 | 228,735 |  | 215,129 |  |

NET CURRENT (LIABILITIES)/ASSETS | (225,405 | ) | 20,923 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (221,468 | ) | 26,698 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 12,214 |  | 25,320 |  |

NET (LIABILITIES)/ASSETS | (233,682 | ) | 1,378 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (233,782 | ) | 1,278 |  |

SHAREHOLDERS' FUNDS | (233,682 | ) | 1,378 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

Mr S P Masterson - Director

| SPJM ASSOCIATES LTD (REGISTERED NUMBER: 07337264) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| SPJM Associates Ltd 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.

| The director has expressed a willingness to support the company. On this basis, it is deemed appropriate by the director that the financial statements are prepared on a going concern basis.

| 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.

| Website is being amortised evenly over its 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.

| Fixtures and fittings | - | 25% on reducing balance.

| Computer equipment | - | 20% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| 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 1 (2024 - 1 ) .

| SPJM ASSOCIATES LTD (REGISTERED NUMBER: 07337264) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1,470 |  |

| AMORTISATION

| At 1 April 2024 | 952 |  |

| Charge for year | 103 |  |

| At 31 March 2025 | 1,055 |  |

| NET BOOK VALUE

| At 31 March 2025 | 415 |  |

| At 31 March 2024 | 518 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 14,020 |  | 12,474 |  | 26,494 |  |

| DEPRECIATION

| At 1 April 2024 | 11,644 |  | 9,593 |  | 21,237 |  |

| Charge for year | 594 |  | 1,141 |  | 1,735 |  |

| At 31 March 2025 | 12,238 |  | 10,734 |  | 22,972 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,782 |  | 1,740 |  | 3,522 |  |

| At 31 March 2024 | 2,376 |  | 2,881 |  | 5,257 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 3,120 |  | 13,260 |  |

| Amounts owed by connected companies | - |  | 222,543 |  |

3,120 |  | 235,803 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 20,839 |  | 32,936 |  |

| Trade creditors | 7,751 |  | 3,895 |  |

| Tax | 25,600 |  | 29,524 |  |

| VAT | 46,659 |  | 40,392 |  |

| Other creditors | 34,784 |  | 33,385 |  |

| Director's current accounts | 90,604 |  | 72,497 |  |

| Accrued expenses | 2,498 |  | 2,500 |  |

228,735 |  | 215,129 |  |

| SPJM ASSOCIATES LTD (REGISTERED NUMBER: 07337264) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 12,214 |  | - |  |

| Bank loans - 2-5 years | - |  | 25,320 |  |

12,214 |  | 25,320 |  |

| Included in loans is a Coronavirus Business Interruption Loan amounting to £77,000 that was advanced in May 2021. The government has assisted with the fees and interest in the first 12 months. The loan can be repaid at any time before its full term of 5 years. The balance remaining on the loan as at the end of the financial year is £33,053.

9. | RELATED PARTY DISCLOSURES

| Included in "Debtors: Amounts falling due within one year" is an amount of £nil (2024: £222,543) due from a company where S P Masterson is a director and has joint control with his spouse. The loan is interest free.During the year, £216,416 due from this company was written off.

| Included in "Creditors: Amounts falling due within one year" is an amount of £90,603 (2024: £72,497) due to S P Masterson, director of the company. The loan is interest free.