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REGISTERED NUMBER: 00561183 (England and Wales)















SPRING MILL HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






SPRING MILL HOLDINGS LIMITED (REGISTERED NUMBER: 00561183)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPRING MILL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: G Coulter
C J Sampson





SECRETARY: E V Hallett





REGISTERED OFFICE: The Estate Office Spring Mill
Avening Road
Nailsworth
Gloucestershire
GL6 0BS





REGISTERED NUMBER: 00561183 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

SPRING MILL HOLDINGS LIMITED (REGISTERED NUMBER: 00561183)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,825 11,283
Investment property 5 4,900,000 4,550,000
4,908,825 4,561,283

CURRENT ASSETS
Debtors 6 176,930 85,165
Cash at bank 501,535 573,443
678,465 658,608
CREDITORS
Amounts falling due within one year 7 362,093 309,963
NET CURRENT ASSETS 316,372 348,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,225,197

4,909,928

CREDITORS
Amounts falling due after more than one
year

8

(1,079,777

)

(1,161,338

)

PROVISIONS FOR LIABILITIES (281,269 ) (214,746 )
NET ASSETS 3,864,151 3,533,844

SPRING MILL HOLDINGS LIMITED (REGISTERED NUMBER: 00561183)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 11,330 11,330
Capital redemption reserve 18,670 18,670
Fair value reserve 10 1,186,898 1,116,000
Retained earnings 2,647,253 2,387,844
SHAREHOLDERS' FUNDS 3,864,151 3,533,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2024 and were signed on its behalf by:





G Coulter - Director


SPRING MILL HOLDINGS LIMITED (REGISTERED NUMBER: 00561183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Spring Mill Holdings 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.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


SPRING MILL HOLDINGS LIMITED (REGISTERED NUMBER: 00561183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

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.

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 year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 4,977 17,819 25,662 650 49,108
Additions 515 - - 749 1,264
At 31st March 2024 5,492 17,819 25,662 1,399 50,372
DEPRECIATION
At 1st April 2023 1,282 10,267 25,662 614 37,825
Charge for year 1,047 2,514 - 161 3,722
At 31st March 2024 2,329 12,781 25,662 775 41,547
NET BOOK VALUE
At 31st March 2024 3,163 5,038 - 624 8,825
At 31st March 2023 3,695 7,552 - 36 11,283

SPRING MILL HOLDINGS LIMITED (REGISTERED NUMBER: 00561183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 4,550,000
Additions 350,000
At 31st March 2024 4,900,000
NET BOOK VALUE
At 31st March 2024 4,900,000
At 31st March 2023 4,550,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,480 57,778
Other debtors - 534
Prepayments and accrued income 34,450 26,853
176,930 85,165

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 78,000 72,000
Trade creditors 3,983 11,726
Corporation Tax 49,011 56,248
Social security and other taxes 348 -
VAT 32,842 18,920
Other creditors 36,686 20,548
Accruals and deferred income 161,223 130,521
362,093 309,963

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,079,777 1,161,338

SPRING MILL HOLDINGS LIMITED (REGISTERED NUMBER: 00561183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
11,330 Ordinary £1 11,330 11,330

10. RESERVES
Fair
value
reserve
£   
At 1st April 2023 1,116,000
Fair value reserve transfer 70,898

At 31st March 2024 1,186,898