Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10202945 Mr Irshad Ishaq Mr Mohammad Ishaq Mrs Manzoor Begum Ishaq iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10202945 2023-03-31 10202945 2024-03-31 10202945 2023-04-01 2024-03-31 10202945 frs-core:CurrentFinancialInstruments 2024-03-31 10202945 frs-core:Non-currentFinancialInstruments 2024-03-31 10202945 frs-core:SharePremium 2024-03-31 10202945 frs-core:ShareCapital 2024-03-31 10202945 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10202945 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10202945 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10202945 frs-bus:SmallEntities 2023-04-01 2024-03-31 10202945 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10202945 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10202945 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 10202945 frs-bus:Director1 2023-04-01 2024-03-31 10202945 frs-bus:Director2 2023-04-01 2024-03-31 10202945 frs-bus:Director3 2023-04-01 2024-03-31 10202945 frs-countries:EnglandWales 2023-04-01 2024-03-31 10202945 2022-03-31 10202945 2023-03-31 10202945 2022-04-01 2023-03-31 10202945 frs-core:CurrentFinancialInstruments 2023-03-31 10202945 frs-core:Non-currentFinancialInstruments 2023-03-31 10202945 frs-core:SharePremium 2023-03-31 10202945 frs-core:ShareCapital 2023-03-31 10202945 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10202945 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 10202945
Springhill Property Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10202945
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 20,042,741 19,931,961
20,042,741 19,931,961
CURRENT ASSETS
Cash at bank and in hand 742,997 75,082
742,997 75,082
Creditors: Amounts Falling Due Within One Year 5 (194,179 ) (68,211 )
NET CURRENT ASSETS (LIABILITIES) 548,818 6,871
TOTAL ASSETS LESS CURRENT LIABILITIES 20,591,559 19,938,832
Creditors: Amounts Falling Due After More Than One Year 6 (13,245,841 ) (12,656,308 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (681,936 ) (681,936 )
NET ASSETS 6,663,782 6,600,588
CAPITAL AND RESERVES
Called up share capital 8 102 102
Share premium account 3,367,188 3,367,188
Fair Value Reserve 2,907,201 2,907,201
Profit and Loss Account 389,291 326,097
SHAREHOLDERS' FUNDS 6,663,782 6,600,588
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Irshad Ishaq
Director
6th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Springhill Property Investments Limited Registered number 10202945 is a limited by shares company incorporated in England & Wales. The Registered Office is 40 Goodmayes Road, Ilford Essex, IG3 9UR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental of investment property. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 19,931,961
Additions 110,780
As at 31 March 2024 20,042,741
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 142,366 33,280
Bank loans and overdrafts 10,183 9,687
Corporation tax 36,998 20,810
Other creditors 4,632 4,434
194,179 68,211
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,227,084 10,645,601
Other creditors 2,018,757 2,010,707
13,245,841 12,656,308
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 11,223,993 10,622,082
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
Page 4