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REGISTERED NUMBER: 06508585 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2022 to 30 March 2023

for

SPRINGVIEW FINANCE LIMITED

SPRINGVIEW FINANCE LIMITED (Registered number: 06508585)






Contents of the Financial Statements
for the Period 1 April 2022 to 30 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SPRINGVIEW FINANCE LIMITED

Company Information
for the Period 1 April 2022 to 30 March 2023







DIRECTOR: Mr I Reich





REGISTERED OFFICE: 16 E Manor Road
London
N16 5 SA





REGISTERED NUMBER: 06508585 (England and Wales)






SPRINGVIEW FINANCE LIMITED (Registered number: 06508585)

Statement of Financial Position
30 March 2023

30.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 8,893,262 7,119,105
Cash at bank 419,559 754
9,312,821 7,119,859
CREDITORS
Amounts falling due within one year 5 778,990 442,994
NET CURRENT ASSETS 8,533,831 6,676,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,533,831

6,676,865

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8,533,830 6,676,864
SHAREHOLDERS' FUNDS 8,533,831 6,676,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 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.

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 director and authorised for issue on 19 February 2024 and were signed by:





Mr I Reich - Director


SPRINGVIEW FINANCE LIMITED (Registered number: 06508585)

Notes to the Financial Statements
for the Period 1 April 2022 to 30 March 2023

1. STATUTORY INFORMATION

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

Financial instruments
Initial recognition of financial assets and liabilities.

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Initial measurement
When a financial asset or liability is recognised initially, the company shall measure it at the transaction price including transaction costs except in the initial measurement of financial assets and liabilities that are measured at fair value through profit or loss unless the arrangement constitutes, in effect, a financial transaction. If the arrangement constitutes a financial transaction, the company shall measure the financial asset or financial liability at the present value of the future payments discounted at the market rate of interest for a similar debt instrument.

Subsequent measurement
At the end of each reporting period, the company shall measure financial instruments without any deduction for transaction costs the company may incur on sale or other disposal. Debt instruments shall be measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year shall be measured at the undiscounted amount of the cash or other consideration expected to be paid or received unless the arrangement constitutes, in effect, a financial transaction. If the arrangement constitutes a financing transaction, the company shall measure the debt instrument at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial instruments
Impairment of financial instruments measured at cost or amortised cost. At the end of of each reporting period, the company shall assess whether there is objective evidence of impairment of any financial assets that are measured at cost or amortised cost.If there is objective evidence of impairment, the company shall recognise an impairment loss in profit or loss immediately.

Derecognition of a financial asset
The company shall derecognise a financial asset only when the contractual rights to the cash flows from the financial asset expire or are settled, or the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the company, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company shall derecognise the asset and recognise separately any rights and obligations retained or created in the transfer.


SPRINGVIEW FINANCE LIMITED (Registered number: 06508585)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 March 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 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 statement of financial position date.

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 period was 10 (2022 - 9 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 31.3.22
£    £   
Trade debtors 127,478 128,795
Amounts owed by participating interests 8,620,310 6,905,310
Other debtors 145,474 85,000
8,893,262 7,119,105

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 31.3.22
£    £   
Trade creditors - (1 )
Tax 769,047 374,938
Social security and other taxes 2,443 8,531
Directors' current accounts - 49,526
Accrued expenses 7,500 10,000
778,990 442,994

SPRINGVIEW FINANCE LIMITED (Registered number: 06508585)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 March 2023

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 March 2023 and the year ended 31 March 2022:

30.3.23 31.3.22
£    £   
Mr I Reich
Balance outstanding at start of period 49,526 2,965
Amounts advanced (190,000 ) 46,561
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (140,474 ) 49,526