Spearguard Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12324442

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		43,445,340		10,094,498

			43,445,340		10,094,498
CURRENT ASSETS
Debtors	5	1		1

		1		1
Creditors: Amounts Falling Due Within One Year	6	(27,165 )		(26,565 )

NET CURRENT ASSETS (LIABILITIES)			(27,164 )		(26,564 )

TOTAL ASSETS LESS CURRENT LIABILITIES			43,418,176		10,067,934

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,857,486 )		(2,519,775 )

NET ASSETS			32,560,690		7,548,159

CAPITAL AND RESERVES
Called up share capital	7		1		1
Revaluation reserve	8		32,572,454		7,559,323
Profit and Loss Account			(11,765 )		(11,165 )

SHAREHOLDERS' FUNDS			32,560,690		7,548,159

Page 1

Page 2

Spearguard 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Lars Steffensen

Director

27/08/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Spearguard Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12324442 . The registered office is Office G1d Kingswood House, Richardshaw Lane, Leeds, LS28 6BN.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: NIL)

4. Investments

	Other
	£
Cost or Valuation
As at 1 December 2024	10,094,498
Revaluations	33,350,842

As at 30 November 2025	43,445,340

Provision
As at 1 December 2024	-

As at 30 November 2025	-

Net Book Value
As at 30 November 2025	43,445,340

As at 1 December 2024	10,094,498

5. Debtors

	2025	2024
	£	£
Due within one year
Called up share capital not paid	1	1

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	26,565	25,965
Accruals and deferred income	600	600

	27,165	26,565

7. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	1	1

Amount of Allotted, Called Up Share Capital	1	1

Page 3

Page 4

Spearguard Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

8. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 December 2024	7,559,323	(11,165 )
Loss for year	-	(600)

Surplus on revaluation	25,013,131	-

Other comprehensive income for the year	25,013,131	-

Total comprehensive income for the year	25,013,131	(600 )

As at 30 November 2025	32,572,454	(11,765 )