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REGISTERED NUMBER: 06548824 (England and Wales)














SPRINGWOOD CAPITAL (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SPRINGWOOD CAPITAL (UK) LIMITED (REGISTERED NUMBER: 06548824)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SPRINGWOOD CAPITAL (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTOR: P Guzminov





REGISTERED OFFICE: 45 Berkeley Court
London
NW1 5NB





REGISTERED NUMBER: 06548824 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

SPRINGWOOD CAPITAL (UK) LIMITED (REGISTERED NUMBER: 06548824)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2 2
Property, plant and equipment 5 2,992 4
2,994 6

CURRENT ASSETS
Debtors 6 2,487,720 70,232
Cash at bank 28,462 13,585
2,516,182 83,817
CREDITORS
Amounts falling due within one year 2,475,468 14,126
NET CURRENT ASSETS 40,714 69,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,708

69,697

CAPITAL AND RESERVES
Called up share capital 237,363 228,137
Revaluation reserve 7 (8,239 ) 987
Retained earnings (185,416 ) (159,427 )
SHAREHOLDERS' FUNDS 43,708 69,697

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 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.

SPRINGWOOD CAPITAL (UK) LIMITED (REGISTERED NUMBER: 06548824)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 15 November 2023 and were signed by:





P Guzminov - Director


SPRINGWOOD CAPITAL (UK) LIMITED (REGISTERED NUMBER: 06548824)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Springwood Capital (UK) 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year 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.

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 year 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.

SPRINGWOOD CAPITAL (UK) LIMITED (REGISTERED NUMBER: 06548824)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 32,726
AMORTISATION
At 1 April 2022
and 31 March 2023 32,724
NET BOOK VALUE

At 31 March 2023 2
At 31 March 2022 2

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2022 17,627
Additions 3,318
Disposals (1,676 )
At 31 March 2023 19,269
DEPRECIATION
At 1 April 2022 17,623
Charge for year 328
Eliminated on disposal (1,674 )
At 31 March 2023 16,277
NET BOOK VALUE
At 31 March 2023 2,992
At 31 March 2022 4

SPRINGWOOD CAPITAL (UK) LIMITED (REGISTERED NUMBER: 06548824)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,906,600 -

7. RESERVES
Revaluation
reserve
£   
At 1 April 2022 987
Exchange rate revaluation (9,226 )

At 31 March 2023 (8,239 )