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REGISTERED NUMBER: 05922702 (England and Wales)















Financial Statements for the Year Ended 27 September 2023

for

Spring Blossom Developments Limited

Spring Blossom Developments Limited (Registered number: 05922702)






Contents of the Financial Statements
for the Year Ended 27 September 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Spring Blossom Developments Limited

Company Information
for the Year Ended 27 September 2023







DIRECTORS: Mrs J M Kelly
Mr S K Kelly
Mr M Kelly
Mrs J Cockerham





SECRETARY: Mr S K Kelly





REGISTERED OFFICE: The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW





REGISTERED NUMBER: 05922702 (England and Wales)

Spring Blossom Developments Limited (Registered number: 05922702)

Abridged Balance Sheet
27 September 2023

27.9.23 27.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,585 1,895
Investment property 5 1,921,485 1,921,485
1,923,070 1,923,380

CURRENT ASSETS
Stocks 692,625 645,049
Debtors 722 1,365
Cash at bank 42,313 28,520
735,660 674,934
CREDITORS
Amounts falling due within one year 22,316 2,447,437
NET CURRENT ASSETS/(LIABILITIES) 713,344 (1,772,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,636,414

150,877

CREDITORS
Amounts falling due after more than one year 2,466,603 -
NET ASSETS 169,811 150,877

CAPITAL AND RESERVES
Called up share capital 6 12 12
Retained earnings 169,799 150,865
SHAREHOLDERS' FUNDS 169,811 150,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 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.

Spring Blossom Developments Limited (Registered number: 05922702)

Abridged Balance Sheet - continued
27 September 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 Balance Sheet for the year ended 27 September 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 Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





Mrs J M Kelly - Director


Spring Blossom Developments Limited (Registered number: 05922702)

Notes to the Financial Statements
for the Year Ended 27 September 2023

1. STATUTORY INFORMATION

Spring Blossom Developments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The most recent valuation is what the director considers reflects the current market value of the property. At 27th September 2023 this is equal to cost.

No depreciation has been provided in respect of the freehold property held as an investment. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The property is held for investment and not for consumption and the director considers that to depreciate it would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The director considers that this policy results in the financial statements giving a true and fair view.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Spring Blossom Developments Limited (Registered number: 05922702)

Notes to the Financial Statements - continued
for the Year Ended 27 September 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 28 September 2022 6,258
Additions 429
At 27 September 2023 6,687
DEPRECIATION
At 28 September 2022 4,363
Charge for year 739
At 27 September 2023 5,102
NET BOOK VALUE
At 27 September 2023 1,585
At 27 September 2022 1,895

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 September 2022
and 27 September 2023 2,043,933
DEPRECIATION
At 28 September 2022
and 27 September 2023 122,448
NET BOOK VALUE
At 27 September 2023 1,921,485
At 27 September 2022 1,921,485

Spring Blossom Developments Limited (Registered number: 05922702)

Notes to the Financial Statements - continued
for the Year Ended 27 September 2023

5. INVESTMENT PROPERTY - continued

The investment property has been valued by the director to reflect the current market value of the property. At 27th September 2023 this is equal to cost.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 27.9.23 27.9.22
value: £    £   
12 Ordinary £1 12 12

7. ULTIMATE CONTROLLING PARTY

Mr Michael and Mrs Josephine Kelly are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.