SPIN RESTAURANTS WALES LIMITED


Director	A L B Brunt


Company Secretary	COLES-BRUNT, Richard Alan


Registered Address	36 Cardiff Road
	Newport
	NP20 2ED


Registered Number	06725361 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		216,390		201,702
			216,390		201,702
Current assets
Stocks	5	20,869		17,339
Debtors	6	395,977		430,445
Cash at bank and on hand		41,950		-
		458,796		447,784
Creditors amounts falling due within one year	7	(811,800)		(725,031)
Net current assets (liabilities)			(353,004)		(277,247)
Total assets less current liabilities			(136,614)		(75,545)
Creditors amounts falling due after one year	8		(32,144)		(42,188)
Provisions for liabilities	10		(8,244)		-
Net assets			(177,002)		(117,733)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(177,102)		(117,833)
Shareholders' funds			(177,002)		(117,733)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 July 2026, and are signed on its behalf by:

A L B Brunt
Director
Registered Company No. 06725361

SPIN RESTAURANTS WALES LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	10	-
Fixtures and fittings	-	5
Office Equipment	-	5

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	45		45

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 November 24	31,128	31,128
At 31 October 25	31,128	31,128
Amortisation and impairment
At 01 November 24	31,128	31,128
At 31 October 25	31,128	31,128
Net book value
At 31 October 25	-	-
At 31 October 24	-	-

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 November 24	629,692	331,232	226,810	1,187,734
Additions	-	-	40,000	40,000
At 31 October 25	629,692	331,232	266,810	1,227,734
Depreciation and impairment
At 01 November 24	443,220	331,186	211,626	986,032
Charge for year	18,647	46	6,619	25,312
At 31 October 25	461,867	331,232	218,245	1,011,344
Net book value
At 31 October 25	167,825	-	48,565	216,390
At 31 October 24	186,472	46	15,184	201,702

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	20,869	17,339
Total	20,869	17,339

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	395,977	430,445
Total	395,977	430,445


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	734,394	632,196
Bank borrowings and overdrafts	5,235	11,662
Taxation and social security	40	40
Finance lease and HP contracts	3,470	3,949
Other creditors	66,480	72,177
Accrued liabilities and deferred income	2,181	5,007
Total	811,800	725,031


	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.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	32,144	38,718
Other creditors	-	3,470
Total	32,144	42,188

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	3,470		7,419

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	8,244	-
Total	8,244	-

11.	Directors advances, credits and guarantees
	Included in the other creditors is an amount of £66,024 (2024: £70,906) relates to the directors' loan account Mr. A Brunt.

12.	Related party transactions
	Other debtors include an amount of £385,163 (2024: £400,984), which relates to Spin Restaurants Limited, a company wholly owned by director Mr. Adam Brunt.