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REGISTERED NUMBER: 07917210 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SPRINGFIELD RESIDENTIAL HOME LIMITED

SPRINGFIELD RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 07917210)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SPRINGFIELD RESIDENTIAL HOME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: A C Neel
S Sadhalli Jaiprakash





REGISTERED OFFICE: Courtyard Cottage
Pig Leg Lane
Bridestowe
Okehampton
Devon
EX20 4ER





REGISTERED NUMBER: 07917210 (England and Wales)





ACCOUNTANTS: Sheppard Rockey & Williams Ltd
Sannerville Chase
Exminster
Exeter
Devon
EX6 8AT

SPRINGFIELD RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 07917210)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,881 44,644
34,881 44,644

CURRENT ASSETS
Stocks 6,843 6,843
Debtors 6 477,479 258,768
Cash at bank 59,072 280,441
543,394 546,052
CREDITORS
Amounts falling due within one year 7 286,240 179,746
NET CURRENT ASSETS 257,154 366,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,035

410,950

CREDITORS
Amounts falling due after more than one year 8 (79,167 ) (158,332 )

PROVISIONS FOR LIABILITIES (6,976 ) (8,482 )
NET ASSETS 205,892 244,136

CAPITAL AND RESERVES
Called up share capital 9 500 500
Retained earnings 205,392 243,636
SHAREHOLDERS' FUNDS 205,892 244,136

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

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

SPRINGFIELD RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 07917210)

BALANCE SHEET - continued
31 MAY 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 3 April 2024 and were signed on its behalf by:




A C Neel - Director



S Sadhalli Jaiprakash - Director


SPRINGFIELD RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 07917210)

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

1. STATUTORY INFORMATION

Springfield Residential Home 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.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoiced value of services supplied by the company,

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and equipment - 20% on cost
Office equipment - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

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

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.


SPRINGFIELD RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 07917210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2022 - 53 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 300,000
AMORTISATION
At 1 June 2022
and 31 May 2023 300,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

SPRINGFIELD RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 07917210)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property equipment equipment
£    £    £   
COST
At 1 June 2022 21,471 124,450 13,238
Additions - 2,652 -
At 31 May 2023 21,471 127,102 13,238
DEPRECIATION
At 1 June 2022 4,296 99,544 10,675
Charge for year 2,148 9,596 671
At 31 May 2023 6,444 109,140 11,346
NET BOOK VALUE
At 31 May 2023 15,027 17,962 1,892
At 31 May 2022 17,175 24,906 2,563

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 8,495 2,250 169,904
Additions - - 2,652
At 31 May 2023 8,495 2,250 172,556
DEPRECIATION
At 1 June 2022 8,495 2,250 125,260
Charge for year - - 12,415
At 31 May 2023 8,495 2,250 137,675
NET BOOK VALUE
At 31 May 2023 - - 34,881
At 31 May 2022 - - 44,644

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 477,479 258,768

SPRINGFIELD RESIDENTIAL HOME LIMITED (REGISTERED NUMBER: 07917210)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 4,852 5,024
Taxation and social security 142,469 68,484
Other creditors 138,919 106,238
286,240 179,746

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Other creditors 79,167 158,332

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
500 Ordinary shares £1 each £1 500 500

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a former a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
S R Byrne
Balance outstanding at start of year 213,529 418,500
Amounts advanced 417,092 679,326
Amounts repaid (250,000 ) (884,297 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 380,621 213,529

The loan is subject to interest at the official rate, unsecured and repayable on demand. The balance was repaid in full within nine months of the year end.