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REGISTERED NUMBER: 03037083 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

APRIL SPRINGS LIMITED

APRIL SPRINGS LIMITED (REGISTERED NUMBER: 03037083)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APRIL SPRINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr C McKeefery
Mrs N Albano





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 03037083 (England and Wales)

APRIL SPRINGS LIMITED (REGISTERED NUMBER: 03037083)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,641 1,310
Investment property 5 1,970,980 1,100,000
2,028,621 1,101,310

CURRENT ASSETS
Stocks 6 529,999 993,139
Debtors 7 179,925 129,347
Cash at bank and in hand 150,048 3,797
859,972 1,126,283
CREDITORS
Amounts falling due within one year 8 2,722,861 2,116,366
NET CURRENT LIABILITIES (1,862,889 ) (990,083 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,732

111,227

PROVISIONS FOR LIABILITIES 9 33,003 -
NET ASSETS 132,729 111,227

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 145,038 193,384
Retained earnings (12,311 ) (82,159 )
132,729 111,227

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

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

APRIL SPRINGS LIMITED (REGISTERED NUMBER: 03037083)

BALANCE SHEET - continued
31 OCTOBER 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 29 July 2024 and were signed on its behalf by:





Mr C McKeefery - Director


APRIL SPRINGS LIMITED (REGISTERED NUMBER: 03037083)

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


1. STATUTORY INFORMATION

April Springs 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 represents funds received from sales of properties and is recognised on completion. Rental income from properties is recognised for the period to which it relates and is invoiced in advance and adjusted for in deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on cost

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


APRIL SPRINGS LIMITED (REGISTERED NUMBER: 03037083)

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Creditors
Short term trade 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

APRIL SPRINGS LIMITED (REGISTERED NUMBER: 03037083)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 - 8,647 8,647
Additions 60,899 - 60,899
At 31 October 2023 60,899 8,647 69,546
DEPRECIATION
At 1 November 2022 - 7,337 7,337
Charge for year 3,258 1,310 4,568
At 31 October 2023 3,258 8,647 11,905
NET BOOK VALUE
At 31 October 2023 57,641 - 57,641
At 31 October 2022 - 1,310 1,310

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 1,100,000
Additions 870,980
At 31 October 2023 1,970,980
NET BOOK VALUE
At 31 October 2023 1,970,980
At 31 October 2022 1,100,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 1,100,000
Valuation in 2023 870,980
1,970,980

APRIL SPRINGS LIMITED (REGISTERED NUMBER: 03037083)

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


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,777,596 906,616

Investment property was valued on an open market basis on 31 October 2023 by the directors .

6. STOCKS
2023 2022
£    £   
Work-in-progress 529,999 993,139

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,250 -
Other debtors 150,675 129,347
179,925 129,347

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 7,255
Other creditors 2,722,861 2,109,111
2,722,861 2,116,366

9. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax
Accelerated capital allowances 14,410
Tax losses carried forward (29,753 )
Taxation on revaluation 48,346
33,003

APRIL SPRINGS LIMITED (REGISTERED NUMBER: 03037083)

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


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 (39,063 )
Movement 72,066
Balance at 31 October 2023 33,003

10. RESERVES
Fair
value
reserve
£   
At 1 November 2022 193,384
Transfer (48,346 )

At 31 October 2023 145,038

11. RELATED PARTY DISCLOSURES

At the year end an amount of £2,715,060 (2023 - £2,012,726) was owed to Liquid New Media Limited. Mr C McKeefery is a director and shareholder in Liquid New Media Limited.

No interest was charged on the above balances.