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REGISTERED NUMBER: OC323541 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Springfields Construction LLP

Springfields Construction LLP (Registered number: OC323541)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Springfields Construction LLP

General Information
for the Year Ended 31 October 2022







DESIGNATED MEMBERS: Mrs T E A Green
A J Green





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: OC323541 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Springfields Construction LLP (Registered number: OC323541)

Report of the Members
for the Year Ended 31 October 2022

The members present their report with the financial statements of the LLP for the year ended 31 October 2022.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property development and rental.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs T E A Green
A J Green

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £44,868 (2021 - £44,624 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





A J Green - Designated member


23 October 2023

Springfields Construction LLP (Registered number: OC323541)

Income Statement
for the Year Ended 31 October 2022

31.10.22 31.10.21
Notes £    £   

TURNOVER - -

Administrative expenses 38,648 38,207
(38,648 ) (38,207 )

Other operating income 116,461 115,776
OPERATING PROFIT 4 77,813 77,569


Interest payable and similar expenses 32,945 32,945
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




44,868




44,624

Springfields Construction LLP (Registered number: OC323541)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,406,999 1,430,255

CURRENT ASSETS
Debtors 6 191,263 38,988
Cash at bank 131,063 7,720
322,326 46,708
CREDITORS
Amounts falling due within one year 7 25,749 23,741
NET CURRENT ASSETS 296,577 22,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,703,576

1,453,222

CREDITORS
Amounts falling due after more than one
year

8

522,974

544,590
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,180,602

908,632

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,180,602

908,632

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,180,602 908,632

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 October 2022.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 23 October 2023 and were signed by:





A J Green - Designated member

Springfields Construction LLP (Registered number: OC323541)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Springfields Construction LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% straight line

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

31.10.22 31.10.21
£    £   
Depreciation - owned assets 23,256 23,257

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 November 2021
and 31 October 2022 1,662,821
DEPRECIATION
At 1 November 2021 232,566
Charge for year 23,256
At 31 October 2022 255,822
NET BOOK VALUE
At 31 October 2022 1,406,999
At 31 October 2021 1,430,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 9,354 7,432
Other debtors 181,909 31,556
191,263 38,988

Springfields Construction LLP (Registered number: OC323541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 21,616 21,616
Other creditors 4,133 2,125
25,749 23,741

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans 522,974 544,590

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 436,509 458,125

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
£    £   
Bank loans 544,590 566,206

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

The Limited Liability Partnership has a loan which is payable to Lloyds Bank and is included within other creditors in the financial statements.