IRIS Accounts Production v23.3.0.418 03697172 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure036971722022-03-31036971722023-03-31036971722022-04-012023-03-31036971722021-03-31036971722021-04-012022-03-31036971722022-03-3103697172ns16:EnglandWales2022-04-012023-03-3103697172ns15:PoundSterling2022-04-012023-03-3103697172ns11:Director12022-04-012023-03-3103697172ns11:Director22022-04-012023-03-3103697172ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3103697172ns11:SmallEntities2022-04-012023-03-3103697172ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3103697172ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103697172ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3103697172ns11:FullAccounts2022-04-012023-03-3103697172ns11:CompanySecretary12022-04-012023-03-3103697172ns11:RegisteredOffice2022-04-012023-03-3103697172ns6:CurrentFinancialInstruments2023-03-3103697172ns6:CurrentFinancialInstruments2022-03-3103697172ns6:Non-currentFinancialInstruments2023-03-3103697172ns6:Non-currentFinancialInstruments2022-03-3103697172ns6:ShareCapital2023-03-3103697172ns6:ShareCapital2022-03-3103697172ns6:RetainedEarningsAccumulatedLosses2023-03-3103697172ns6:RetainedEarningsAccumulatedLosses2022-03-3103697172ns6:LandBuildings2022-04-012023-03-3103697172ns6:PlantMachinery2022-04-012023-03-3103697172ns6:LandBuildings2022-03-3103697172ns6:PlantMachinery2022-03-3103697172ns6:LandBuildings2023-03-3103697172ns6:PlantMachinery2023-03-3103697172ns6:LandBuildings2022-03-3103697172ns6:PlantMachinery2022-03-3103697172ns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3103697172ns6:CostValuation2022-03-3103697172ns6:RevaluationsIncreaseDecreaseInInvestments2023-03-3103697172ns6:CostValuation2023-03-3103697172ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3103697172ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3103697172ns6:CurrentFinancialInstruments2022-04-012023-03-3103697172ns6:Secured2023-03-3103697172ns6:Secured2022-03-31
REGISTERED NUMBER: 03697172 (England and Wales)















SPLENDIDSUCCESS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SPLENDIDSUCCESS LIMITED (REGISTERED NUMBER: 03697172)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPLENDIDSUCCESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr M J Boothman
Mr W M Boothman





SECRETARY: Ms J M L Boothman





REGISTERED OFFICE: Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT





REGISTERED NUMBER: 03697172 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

SPLENDIDSUCCESS LIMITED (REGISTERED NUMBER: 03697172)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354,021 346,297
Investments 5 18,909 19,382
372,930 365,679

CURRENT ASSETS
Stocks 10,353 25,101
Debtors 6 6,565 6,279
Cash in hand 123 -
17,041 31,380
CREDITORS
Amounts falling due within one year 7 314,471 343,968
NET CURRENT LIABILITIES (297,430 ) (312,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,500

53,091

CREDITORS
Amounts falling due after more than one year 8 (24,677 ) (31,018 )

ACCRUALS AND DEFERRED INCOME (2,390 ) (1,575 )
NET ASSETS 48,433 20,498

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,333 20,398
SHAREHOLDERS' FUNDS 48,433 20,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

SPLENDIDSUCCESS LIMITED (REGISTERED NUMBER: 03697172)

BALANCE SHEET - continued
31 MARCH 2023


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 21 September 2023 and were signed on its behalf by:




Mr M J Boothman - Director



Mr W M Boothman - Director


SPLENDIDSUCCESS LIMITED (REGISTERED NUMBER: 03697172)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Splendidsuccess 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 as modified by the revaluation of certain assets.

These accounts have been prepared on a going concern basis, despite net current liabilities at the balance sheet date. The directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.

Turnover
Turnover represents the total invoice value, excluding value added tax, of goods sold and services rendered during the period.


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% on cost
Plant and machinery etc - 10% on cost and 5% on reducing balance

The company owns biological assets in the form of the dairy herd. The herd is valued under the fair value model, using current market rates. Any gain or loss in the value is taken to the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Government grants
Government grants related to the purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets while grants related to expenses are recognised in the profit and loss account when received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SPLENDIDSUCCESS LIMITED (REGISTERED NUMBER: 03697172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 384,815 157,959 542,774
Additions - 13,558 13,558
Disposals - (12,766 ) (12,766 )
At 31 March 2023 384,815 158,751 543,566
DEPRECIATION
At 1 April 2022 85,476 111,001 196,477
Charge for year 3,956 1,689 5,645
Eliminated on disposal - (12,577 ) (12,577 )
At 31 March 2023 89,432 100,113 189,545
NET BOOK VALUE
At 31 March 2023 295,383 58,638 354,021
At 31 March 2022 299,339 46,958 346,297

Included in cost of land and buildings is freehold land of £ 187,019 (2022 - £ 187,019 ) which is not depreciated.



5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 19,382
Revaluations (473 )
At 31 March 2023 18,909
NET BOOK VALUE
At 31 March 2023 18,909
At 31 March 2022 19,382

SPLENDIDSUCCESS LIMITED (REGISTERED NUMBER: 03697172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2016 440
Valuation in 2018 5,326
Valuation in 2019 3,437
Valuation in 2023 (473 )
Cost 10,179
18,909

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,423 2,952
Other debtors 3,142 3,327
6,565 6,279

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,025 23,808
Hire purchase contracts 3,600 -
Trade creditors 33,477 38,281
Other creditors 259,369 281,879
314,471 343,968

Other creditors includes a joint loan of £138,457 (2022: £138,457) from Mr W M Boothman (director) and Ms J M L Boothman (a close family member). There is no set repayment date and no interest is payable.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,415 31,018
Hire purchase contracts 1,262 -
24,677 31,018

Amounts falling due in more than five years:

Repayable by instalments
Bank loan - 5,010

SPLENDIDSUCCESS LIMITED (REGISTERED NUMBER: 03697172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 9,634 15,997
Bank loans 31,806 38,829
41,440 54,826