Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity22falsetrue 01985569 2023-03-31 01985569 2022-04-01 2023-03-31 01985569 2021-04-01 2022-03-31 01985569 2022-03-31 01985569 c:Director1 2022-04-01 2023-03-31 01985569 d:FreeholdInvestmentProperty 2023-03-31 01985569 d:FreeholdInvestmentProperty 2022-03-31 01985569 d:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 01985569 d:CurrentFinancialInstruments 2023-03-31 01985569 d:CurrentFinancialInstruments 2022-03-31 01985569 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01985569 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01985569 d:ShareCapital 2023-03-31 01985569 d:ShareCapital 2022-03-31 01985569 d:SharePremium 2023-03-31 01985569 d:SharePremium 2022-03-31 01985569 d:InvestmentPropertiesRevaluationReserve 2023-03-31 01985569 d:InvestmentPropertiesRevaluationReserve 2022-03-31 01985569 d:RetainedEarningsAccumulatedLosses 2023-03-31 01985569 d:RetainedEarningsAccumulatedLosses 2022-03-31 01985569 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01985569 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 01985569 c:OrdinaryShareClass1 2022-04-01 2023-03-31 01985569 c:OrdinaryShareClass1 2023-03-31 01985569 c:OrdinaryShareClass1 2022-03-31 01985569 c:OrdinaryShareClass2 2022-04-01 2023-03-31 01985569 c:OrdinaryShareClass2 2023-03-31 01985569 c:OrdinaryShareClass2 2022-03-31 01985569 c:FRS102 2022-04-01 2023-03-31 01985569 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01985569 c:FullAccounts 2022-04-01 2023-03-31 01985569 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01985569 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 01985569







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


SPRINGSHAW DEVELOPMENTS LTD.






































img6916.png                        

 


SPRINGSHAW DEVELOPMENTS LTD.
REGISTERED NUMBER:01985569



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
651,139
962,889

Investment property
  
1,770,500
1,798,500

  
2,421,639
2,761,389

Current assets
  

Cash at bank and in hand
  
147,690
97,282

  
147,690
97,282

Creditors: amounts falling due within one year
  
(8,209)
(15,291)

Net current assets
  
 
 
139,481
 
 
81,991

Total assets less current liabilities
  
2,561,120
2,843,380

Provisions for liabilities
  

Deferred tax
  
(64,551)
(69,871)

  
 
 
(64,551)
 
 
(69,871)

Net assets
  
2,496,569
2,773,509


Capital and reserves
  

Called up share capital 
  
6,564
6,564

Share premium account
  
854,363
854,363

Investment property reserve
  
342,580
365,260

Profit and loss account
  
1,293,062
1,547,322

  
2,496,569
2,773,509


Page 1

 


SPRINGSHAW DEVELOPMENTS LTD.
REGISTERED NUMBER:01985569


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D Elder
Director

Date: 19 January 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


SPRINGSHAW DEVELOPMENTS LTD.
 


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

1.


Statutory information

Springshaw Developments Ltd. 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

 
2.1

Basis of preparation of financial statements

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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


SPRINGSHAW DEVELOPMENTS LTD.
 


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

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Cash and cash equivalents

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 


SPRINGSHAW DEVELOPMENTS LTD.
 


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

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


4.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 April 2022
762,919
199,970
962,889


Additions
52,744
-
52,744


Disposals
(77,915)
-
(77,915)


Revaluations
(17,579)
-
(17,579)


Amounts written off
(84,000)
(80,000)
(164,000)


Transfer between classes
(105,000)
-
(105,000)



At 31 March 2023
531,169
119,970
651,139





5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
1,798,500


Surplus on revaluation
(28,000)



At 31 March 2023
1,770,500




Page 5

 


SPRINGSHAW DEVELOPMENTS LTD.
 


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

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
147,690
97,282

147,690
97,282



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
6,209
13,291

Accruals and deferred income
2,000
2,000

8,209
15,291



8.


Deferred taxation




2023


£






At beginning of year
(69,871)


Charged to profit or loss
5,320



At end of year
(64,551)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Deferred tax
(64,551)
(69,871)

(64,551)
(69,871)

Page 6

 


SPRINGSHAW DEVELOPMENTS LTD.
 


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

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



655,448 (2022 - 655,400) Ordinary A shares of £0.01 each
6,554
6,554
1,000 (2022 - 1,000) Ordinary B shares of £0.01 each
10
10

6,564

6,564



10.
Reserves


Investment property reserve

£

As at 1st April 2022
365,260

Deferred tax transfer
(22,680)

As at 31st March 2023
342,580

 
Page 7