Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05052009 2022-04-01 2023-03-31 05052009 2021-04-01 2022-03-31 05052009 2023-03-31 05052009 2022-03-31 05052009 c:Director1 2022-04-01 2023-03-31 05052009 d:Buildings 2023-03-31 05052009 d:Buildings 2022-03-31 05052009 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 05052009 d:MotorVehicles 2022-04-01 2023-03-31 05052009 d:MotorVehicles 2023-03-31 05052009 d:MotorVehicles 2022-03-31 05052009 d:FurnitureFittings 2022-04-01 2023-03-31 05052009 d:FurnitureFittings 2023-03-31 05052009 d:FurnitureFittings 2022-03-31 05052009 d:Goodwill 2022-04-01 2023-03-31 05052009 d:Goodwill 2023-03-31 05052009 d:Goodwill 2022-03-31 05052009 d:CurrentFinancialInstruments 2023-03-31 05052009 d:CurrentFinancialInstruments 2022-03-31 05052009 d:Non-currentFinancialInstruments 2023-03-31 05052009 d:Non-currentFinancialInstruments 2022-03-31 05052009 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05052009 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05052009 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05052009 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05052009 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05052009 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 05052009 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 05052009 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 05052009 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 05052009 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 05052009 d:ShareCapital 2023-03-31 05052009 d:ShareCapital 2022-03-31 05052009 d:RetainedEarningsAccumulatedLosses 2023-03-31 05052009 d:RetainedEarningsAccumulatedLosses 2022-03-31 05052009 c:FRS102 2022-04-01 2023-03-31 05052009 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05052009 c:FullAccounts 2022-04-01 2023-03-31 05052009 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05052009 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 05052009









SPRINGBANK LUXURY BOARDING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SPRINGBANK LUXURY BOARDING LTD
REGISTERED NUMBER: 05052009

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,125
1,875

Tangible assets
 5 
1
1

  
1,126
1,876

  

Creditors: amounts falling due within one year
 6 
(66,444)
(50,028)

Net current liabilities
  
 
 
(66,444)
 
 
(50,028)

Total assets less current liabilities
  
(65,318)
(48,152)

Creditors: amounts falling due after more than one year
 7 
(16,987)
(31,893)

  

Net liabilities
  
(82,305)
(80,045)


Capital and reserves
  

Called up share capital 
  
900
900

Profit and loss account
  
(83,205)
(80,945)

  
(82,305)
(80,045)


Page 1

 
SPRINGBANK LUXURY BOARDING LTD
REGISTERED NUMBER: 05052009
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2023.




................................................
J B Bennett
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Springbank Luxury Boarding Limited is a private company limited by shares, registered in the United Kingdom number 05052009. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.3

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 3

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance method.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
2%
Straight line
Motor vehicles
-
20%
Reducing balance
Fixtures & fittings
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
15,000



At 31 March 2023

15,000



Amortisation


At 1 April 2022
13,125


Charge for the year
750



At 31 March 2023

13,875



Net book value



At 31 March 2023
1,125



At 31 March 2022
1,875

Page 5

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2022
224,217
18,000
11,474
253,691



At 31 March 2023

224,217
18,000
11,474
253,691



Depreciation


At 1 April 2022
224,217
17,999
11,474
253,690



At 31 March 2023

224,217
17,999
11,474
253,690



Net book value



At 31 March 2023
-
1
-
1



At 31 March 2022
-
1
-
1


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
9,690

Bank loans
7,454
3,836

Trade creditors
1,200
5,776

Corporation tax
3,765
3,576

Other taxation and social security
256
256

Other creditors
52,569
25,814

Accruals and deferred income
1,200
1,080

66,444
50,028


Page 6

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
16,987
31,893

16,987
31,893



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
7,454
3,836


7,454
3,836

Amounts falling due 1-2 years

Bank loans
7,454
-


7,454
-

Amounts falling due 2-5 years

Bank loans
9,532
-


9,532
-

Amounts falling due after more than 5 years

Bank loans
-
31,894

-
31,894

24,440
35,730



9.


Transactions with directors

During the year the directors loan account for Joseph Bennett amounted to £42,115, this was made up of an opening credit balance of £25,813, and credits totalling £16,302. This is represented within other creditors.

 
Page 7