Registration number: 11158801

Spero Ventures Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Spero Ventures Ltd

Company Information

Directors

Ms A Devi I Beckford

Registered office

Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Accountants

Boon and Worth Limited Suite A4, Skylon Court Coldnose Road Rotherwas Hereford HR2 6JS

Spero Ventures Ltd

(Registration number: 11158801)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	412	741
Investment property	5	268,671	268,671
		269,083	269,412
Current assets
Debtors	6	2,829	2,609
Cash at bank and in hand		27,528	31,082
		30,357	33,691
Creditors: Amounts falling due within one year	7	(109,940)	(109,863)
Net current liabilities		(79,583)	(76,172)
Total assets less current liabilities		189,500	193,240
Creditors: Amounts falling due after more than one year	7	(176,108)	(168,453)
Provisions for liabilities		(6,280)	(6,280)
Net assets		7,112	18,507
Capital and reserves
Called up share capital	8	2	2
Retained earnings		7,110	18,505
Shareholders' funds		7,112	18,507

Spero Ventures Ltd

(Registration number: 11158801)
Balance Sheet as at 31 January 2026

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 September 2026 and signed on its behalf by:
 

......................................... Ms A Devi Director

......................................... I Beckford Director

Spero Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS
England

These financial statements were authorised for issue by the Board on 9 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Spero Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	20% straight line

Investment property

Investment property is carried at fair value, which is the purchase cost of the property, determined by an independent valuation. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Spero Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 February 2025	3,074	3,074
At 31 January 2026	3,074	3,074
Depreciation
At 1 February 2025	2,333	2,333
Charge for the year	329	329
At 31 January 2026	2,662	2,662
Carrying amount
At 31 January 2026	412	412
At 31 January 2025	741	741

Spero Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

5	Investment properties

	2026 £
At 1 February	268,671
At 31 January	268,671

6

Debtors

	2026 £	2025 £
Prepayments	529	509
Other debtors	2,300	2,100
	2,829	2,609

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	-	123
Accruals and deferred income	1,800	1,800
Other creditors	108,140	107,940
	109,940	109,863

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	176,108	168,453

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

Spero Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Other borrowings	176,108	168,453

10	Related party transactions

Transactions with directors

2026	At 1 February 2025 £	At 31 January 2026 £
I Beckford
Transactions with directors	(215)	(215)
Ms A Devi
Transactions with directors	(215)	(215)

2025	At 1 February 2024 £	At 31 January 2025 £
I Beckford
Transactions with directors	(215)	(215)
Ms A Devi
Transactions with directors	(215)	(215)