Company registration number 02454345 (England and Wales)
SPARK VENTURE MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
SPARK VENTURE MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SPARK VENTURE MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,065
1,781
Investments
4
4,109
4,419
5,174
6,200
Current assets
Debtors
5
84,614
173,808
Cash at bank and in hand
67,221
36,268
151,835
210,076
Creditors: amounts falling due within one year
6
(89,352)
(85,493)
Net current assets
62,483
124,583
Net assets
67,657
130,783
Capital and reserves
Called up share capital
7
150,000
150,000
Profit and loss reserves
(82,343)
(19,217)
Total equity
67,657
130,783

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 July 2026 and are signed on its behalf by:
Mr A D N Betton
Director
Company registration number 02454345 (England and Wales)
SPARK VENTURE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Spark Venture Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 62 Dean Street, London, England, W1D 4QF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include fixed asset investments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

The company's turnover derives from the management and operation of venture capital funds and the provision of management and advisory services to third parties. Revenue is recognised over the period of the agreement for the provision of services.

Other operating income comprises the recharges of salaries to associated companies.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost

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.

1.4
Fixed asset investments

Interests in subsidiaries are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred. Changes in fair value are recognised in other comprehensive income except to the extent that a gain reverses a loss previously recognised in profit or loss, or a loss exceeds the accumulated gains recognised in equity; such gains and loss are recognised in profit or loss.

Investments in unlisted company shares, whore market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

SPARK VENTURE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
4
5
SPARK VENTURE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025 and 31 March 2026
4,438
Depreciation and impairment
At 1 April 2025
2,657
Depreciation charged in the year
716
At 31 March 2026
3,373
Carrying amount
At 31 March 2026
1,065
At 31 March 2025
1,781
4
Fixed asset investments
2026
2025
£
£
Other investments other than loans
4,109
4,419
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2025
4,419
Valuation changes
(310)
At 31 March 2026
4,109
Carrying amount
At 31 March 2026
4,109
At 31 March 2025
4,419
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
11,250
10,576
Other debtors
72,147
161,869
83,397
172,445
SPARK VENTURE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
5
Debtors
(Continued)
- 5 -
2026
2025
Amounts falling due after more than one year:
£
£
Other debtors
1,217
1,363
Total debtors
84,614
173,808
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
10,088
2,358
Amounts owed to group undertakings
55,501
61,261
Taxation and social security
7,337
5,706
Other creditors
16,426
16,168
89,352
85,493
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
150,000
150,000
150,000
150,000
8
Related party transactions
Transactions with related parties

At the reporting date T A Teichman, a director of the company was owed £11,680 (2025: £11,680) by the company.

The company owns 20% of Spark China Limited. During the year the company recharged payroll costs to Spark China Limited totalling £141,007, (2025: £138,281). At the reporting date, Spark China Limited owed £91 to the company (2025: £nil).

The company is exempt from disclosing other related party transactions as they are with companies that are wholly owned within the group.

9
Directors' transactions

During the period the company made a short term loan of £15,000 to one of the directors. The loan was repaid in full together with interest of £85 calculated at the official rate of interest.

10
Parent company

The company's immediate and ultimate parent undertaking is Querist Limited. Querist Limited is incorporated in England and Wales. Copies of the group accounts may be obtained from the secretary, 62 Dean Street, London W1D 4QF.

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