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REGISTERED NUMBER: OC393152 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

SPRING HILL PARK DEVELOPMENT LLP

SPRING HILL PARK DEVELOPMENT LLP (REGISTERED NUMBER: OC393152)






Contents of the Financial Statements
for the year ended 31 MARCH 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SPRING HILL PARK DEVELOPMENT LLP

General Information
for the year ended 31 MARCH 2024







DESIGNATED MEMBERS: M R W Adams
L R Adams





REGISTERED OFFICE: Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG





REGISTERED NUMBER: OC393152 (England and Wales)





ACCOUNTANTS: Coopers&Co Ltd
Thistledown Barn
204 Holcot Road
Sywell
Northampton
Northamptonshire
NN6 0BG

SPRING HILL PARK DEVELOPMENT LLP (REGISTERED NUMBER: OC393152)

Abridged Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,390 62,022
Investment property 5 3,850,000 3,850,000
3,898,390 3,912,022

CURRENT ASSETS
Debtors 56,348 56,090
Cash at bank 222,377 211,636
278,725 267,726
CREDITORS
Amounts falling due within one year 182,982 164,601
NET CURRENT ASSETS 95,743 103,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,994,133

4,015,147

CREDITORS
Amounts falling due after more than one year 6 660,473 666,722
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,333,660

3,348,425

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

3,333,660

3,348,425

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 3,333,660 3,348,425

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

SPRING HILL PARK DEVELOPMENT LLP (REGISTERED NUMBER: OC393152)

Abridged Balance Sheet - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 August 2024 and were signed by:




M R W Adams - Designated member




L R Adams - Designated member


SPRING HILL PARK DEVELOPMENT LLP (REGISTERED NUMBER: OC393152)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Spring Hill Park Development LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 720,312
Additions 1,935
At 31 March 2024 722,247
DEPRECIATION
At 1 April 2023 658,290
Charge for year 15,567
At 31 March 2024 673,857
NET BOOK VALUE
At 31 March 2024 48,390
At 31 March 2023 62,022

SPRING HILL PARK DEVELOPMENT LLP (REGISTERED NUMBER: OC393152)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,850,000
NET BOOK VALUE
At 31 March 2024 3,850,000
At 31 March 2023 3,850,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Other loans more than 5yrs 650,000 650,000

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests.