Sprk Capital Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12248853 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2020 TO 31 DECEMBER 2021

FOR

SPRK CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A T Brennan

S N Champ

D Peasley

SECRETARY:

A T Brennan

REGISTERED OFFICE:

35d Leinster Square

London

W2 4NQ

REGISTERED NUMBER:

12248853 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

CURRENT ASSETS

Debtors

4

28,699

-

Cash at bank

236,490

166,051

265,189

166,051

CREDITORS

Amounts falling due within one year

5

25,855

32,800

NET CURRENT ASSETS

239,334

133,251

TOTAL ASSETS LESS CURRENT LIABILITIES

239,334

133,251

CREDITORS

Amounts falling due after more than one year

6

99,900

99,900

NET ASSETS

139,434

33,351

CAPITAL AND RESERVES

Called up share capital

7

142

132

Share premium

827,674

619,884

Retained earnings

(688,382

)

(586,665

)

SHAREHOLDERS' FUNDS

139,434

33,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2022 and were signed on its behalf by:

A T Brennan - Director

1.	STATUTORY INFORMATION

Sprk Capital 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.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company

does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

The company is a beneficiary of Research & Development (R&D) tax relief from the UK Government in the form of repayable tax credits. Tax credits are recognised through the income statement when received.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.10.20

£

£

Other debtors

28,699

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.10.20

£

£

Trade creditors

17,287

32,800

Amounts owed to group undertakings

8,568

-

25,855

32,800

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.10.20

£

£

Other creditors

99,900

99,900

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.10.20

value:

£

£

2,838,216

Ordinary

£0.00005

142

132

During the year, 192,500 Ordinary shares of £0.0005 per share were issued at a premium amounting to £207,790.