New Sparta Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08696420 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2018

FOR

NEW SPARTA HOLDINGS LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Dr J P Booth

REGISTERED OFFICE:

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

REGISTERED NUMBER:

08696420 (England and Wales)

ACCOUNTANTS:

Bentens

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of New Sparta Holdings Limited for the year ended 31 December 2018 which comprise the

Income Statement, Statement of Financial Position and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of New Sparta Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Sparta Holdings Limited and state those matters that we have agreed to state to the director of New Sparta Holdings Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that New Sparta Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of New Sparta Holdings Limited. You consider that New Sparta Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of New Sparta Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bentens

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

24 September 2019

FIXED ASSETS

Investments

4

9,751,455

28,448,868

CURRENT ASSETS

Debtors

5

1,725,445

7,210,043

CREDITORS

Amounts falling due within one year

6

7,446

17,580

NET CURRENT ASSETS

1,717,999

7,192,463

TOTAL ASSETS LESS CURRENT LIABILITIES

11,469,454

35,641,331

CREDITORS

Amounts falling due after more than one year

7

33,671,641

32,711,271

NET (LIABILITIES)/ASSETS

(22,202,187

)

2,930,060

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Share premium

9

155

155

Retained earnings

9

(22,203,342

)

2,928,905

SHAREHOLDERS' FUNDS

(22,202,187

)

2,930,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 Income Statement has not been delivered.

The financial statements were approved by the director on 23 September 2019 and were signed by:

Dr J P Booth - Director

1.	STATUTORY INFORMATION

New Sparta Holdings Limited 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.

Turnover

Turnover represents the income received from group companies by way of interest and dividend.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4.	FIXED ASSET INVESTMENTS

2018

2017

£

£

Shares in group undertakings

70,100

1,020,491

Loans to group undertakings

9,681,355

27,428,377

9,751,455

28,448,868

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2018

1,020,491

Disposals

(950,391

)

At 31 December 2018

70,100

NET BOOK VALUE

At 31 December 2018

70,100

At 31 December 2017

1,020,491

Loans to

group

undertakings

£

At 1 January 2018

27,428,377

Movements in year

5,505

Written off in year

(17,752,527

)

At 31 December 2018

9,681,355

5.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

VAT

3,752

5,100

Called up share capital not paid

-

992

3,752

6,092

Amounts falling due after more than one year:

Prepayments and accrued income

1,721,693

7,203,951

Aggregate amounts

1,725,445

7,210,043

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

7,446

17,580

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Directors' loan accounts

33,671,641

32,711,271

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2018

2,928,905

155

2,929,060

Deficit for the year

(25,132,247

)

-

(25,132,247

)

At 31 December 2018

(22,203,342

)

155

(22,203,187

)