Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activity2023-04-01true22true 05052009 2023-04-01 2024-03-31 05052009 2022-04-01 2023-03-31 05052009 2024-03-31 05052009 2023-03-31 05052009 c:Director1 2023-04-01 2024-03-31 05052009 d:Buildings 2024-03-31 05052009 d:Buildings 2023-03-31 05052009 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 05052009 d:MotorVehicles 2023-04-01 2024-03-31 05052009 d:MotorVehicles 2024-03-31 05052009 d:MotorVehicles 2023-03-31 05052009 d:FurnitureFittings 2023-04-01 2024-03-31 05052009 d:FurnitureFittings 2024-03-31 05052009 d:FurnitureFittings 2023-03-31 05052009 d:Goodwill 2023-04-01 2024-03-31 05052009 d:Goodwill 2024-03-31 05052009 d:Goodwill 2023-03-31 05052009 d:CurrentFinancialInstruments 2024-03-31 05052009 d:CurrentFinancialInstruments 2023-03-31 05052009 d:Non-currentFinancialInstruments 2024-03-31 05052009 d:Non-currentFinancialInstruments 2023-03-31 05052009 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05052009 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05052009 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05052009 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05052009 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 05052009 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05052009 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 05052009 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 05052009 d:ShareCapital 2024-03-31 05052009 d:ShareCapital 2023-03-31 05052009 d:RetainedEarningsAccumulatedLosses 2024-03-31 05052009 d:RetainedEarningsAccumulatedLosses 2023-03-31 05052009 c:EntityHasNeverTraded 2023-04-01 2024-03-31 05052009 c:FRS102 2023-04-01 2024-03-31 05052009 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05052009 c:FullAccounts 2023-04-01 2024-03-31 05052009 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05052009 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05052009









SPRINGBANK LUXURY BOARDING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SPRINGBANK LUXURY BOARDING LTD
REGISTERED NUMBER: 05052009

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
375
1,125

Tangible assets
 4 
1
1

  
376
1,126

  

Creditors: amounts falling due within one year
 5 
(73,899)
(66,444)

Net current liabilities
  
 
 
(73,899)
 
 
(66,444)

Total assets less current liabilities
  
(73,523)
(65,318)

Creditors: amounts falling due after more than one year
 6 
(9,532)
(16,987)

  

Net liabilities
  
(83,055)
(82,305)


Capital and reserves
  

Called up share capital 
  
900
900

Profit and loss account
  
(83,955)
(83,205)

  
(83,055)
(82,305)


Page 1

 
SPRINGBANK LUXURY BOARDING LTD
REGISTERED NUMBER: 05052009
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of income and retained earnings 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 on 28 August 2024.




................................................
J B Bennett
Director

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

Page 2

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Springbank Luxury Boarding Limited is a private company limited by shares, registered in the United Kingdom number 05052009. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP

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 Section 1A of 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.

 
2.2

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance method.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
2%
Straight line
Motor vehicles
-
20%
Reducing balance
Fixtures & fittings
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.6

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.

Page 4

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
15,000



At 31 March 2024

15,000



Amortisation


At 1 April 2023
13,875


Charge for the year
750



At 31 March 2024

14,625



Net book value



At 31 March 2024
375



At 31 March 2023
1,125

Page 5

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
224,217
18,000
11,474
253,691



At 31 March 2024

224,217
18,000
11,474
253,691



Depreciation


At 1 April 2023
224,217
17,999
11,474
253,690



At 31 March 2024

224,217
17,999
11,474
253,690



Net book value



At 31 March 2024
-
1
-
1



At 31 March 2023
-
1
-
1


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,454
7,454

Trade creditors
1,200
1,200

Corporation tax
3,765
3,765

Other taxation and social security
256
256

Other creditors
60,024
52,569

Accruals and deferred income
1,200
1,200

73,899
66,444


Page 6

 
SPRINGBANK LUXURY BOARDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,532
16,987

9,532
16,987



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,454
7,454


7,454
7,454

Amounts falling due 1-2 years

Bank loans
7,454
7,454


7,454
7,454

Amounts falling due 2-5 years

Bank loans
2,079
9,532


2,079
9,532


16,987
24,440



8.


Transactions with directors

During the year the directors loan account for Joseph Bennett amounted to £42,115, this was made up of an opening credit balance of £42,115. This is represented within other creditors.

 
Page 7