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REGISTERED NUMBER: 04093324 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Springfields (Ansley) Limited

Springfields (Ansley) Limited (Registered number: 04093324)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Springfields (Ansley) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs T E A Green
A J Green





SECRETARY: A J Green





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





REGISTERED NUMBER: 04093324 (England and Wales)





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

Springfields (Ansley) Limited (Registered number: 04093324)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 204,502 204,502

CURRENT ASSETS
Stocks 246,818 311,830
Debtors 5 197,610 173,903
Cash at bank 26,489 -
470,917 485,733
CREDITORS
Amounts falling due within one year 6 249,032 317,077
NET CURRENT ASSETS 221,885 168,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,387

373,158

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 51,574 51,574
Retained earnings 374,713 321,484
426,387 373,158

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.

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 December 2023 and were signed on its behalf by:





A J Green - Director


Springfields (Ansley) Limited (Registered number: 04093324)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Springfields (Ansley) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 204,502
NET BOOK VALUE
At 31 March 2023 204,502
At 31 March 2022 204,502

Springfields (Ansley) Limited (Registered number: 04093324)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2006 8,840
Valuation in 2014 12,500
Valuation in 2017 30,234
Cost 152,928
204,502

If Investment Property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 152,928 152,928

The Investment Property was valued on an open market basis on 31 March 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 59,718 2,000
Other debtors 137,892 171,903
197,610 173,903

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 31,667 94,881
Trade creditors 8,978 6,617
Taxation and social security 13,890 30,527
Other creditors 194,497 185,052
249,032 317,077

7. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 51,574