SPRINGHILL PROPERTY (UK) PROPCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
Springhill Property (UK) Propco Limited is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is Maddox House, 117 Edmund Street, Birmingham, West Midlands, B3 2HJ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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The average monthly number of employees, including the director, during the year was as follows:
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Immediate and ultimate parent undertaking
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The Company's immediate parent undertaking is Springhill Property (UK) Limited, a company registered in England and Wales, and its ultimate parent undertaking is Springhill Holding Limited.
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