Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Investments | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | 7 | ||||||
Profit and loss account | ( |
( |
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Shareholder's funds | ( |
( |
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Sam Hedayati | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Business Combinations | ||||||||
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured as the aggregate of the fair values at the acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired entity, plus any costs directly attributable to the business combination. When a business combination agreement includes an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably. | ||||||||
Investments | ||||||||
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable. |
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Cash and cash equivalents | ||||||||
Cash and cash equivalents comprise cash on hand and call deposits, as well as other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. | ||||||||
Debtors | ||||||||
Trade debtors are recognised initially at the transaction price and are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. |
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Creditors | ||||||||
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. |
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Borrowings | ||||||||
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. |
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Share Capital | ||||||||
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Investments | |||||||
Investments in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 August 2022 | ||||||||
Other financial asset | ||||||||
Fixed asset group loan | ( |
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At 31 July 2023 | ||||||||
Details of undertakings | ||||||||
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows: | ||||||||
Subsidiary Undertakings | Registered office | Holding | Shares held (%) | |||||
Ritechem pharmacy Limited | 277-279 Chiswick High Road, W44PU | Ordinary | 100 | |||||
Silkroot Trading Company Limited | 277-279 Chiswick High Road, W44PU | Ordinary | 100 | |||||
Springfield (Surbiton) Limited | 277-279 Chiswick High Road, W44PU | Ordinary | 100 | |||||
Springfield Pharmacy (Richmond) Limited | 277-279 Chiswick High Road, W44PU | Ordinary | 100 | |||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Amounts owed by group undertakings and undertakings in which the company has a participating interest | ||||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Trade creditors | ||||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | ||||||||
Accruals and deferred income | 3,475 | 3,475 | ||||||
Other creditors | ||||||||
6 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans | ||||||||
7 | Share Capital | |||||||
Alloted, called up and fully paid shares | ||||||||
2023 | 2022 | |||||||
No. | £ | No. | £ | |||||
Ordinary shares of £1 each | 200 | 200 | 200 | 200 | ||||
8 | Other information | |||||||
SPRINGFIELD HOLDINGS GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
277-279 Chiswick High Road | ||||||||
London | ||||||||
W4 4PU |