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REGISTERED NUMBER: 00601583 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SPRINGHILL RURAL ENTERPRISES LIMITED

SPRINGHILL RURAL ENTERPRISES LIMITED (REGISTERED NUMBER: 00601583)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPRINGHILL RURAL ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R A A Coates
Mrs J C Coates





SECRETARY: Mrs J C Coates





REGISTERED OFFICE: Alderley
21 Lambridge Wood Road
Henley on Thames
Oxfordshire
RG9 3BP





REGISTERED NUMBER: 00601583 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

SPRINGHILL RURAL ENTERPRISES LIMITED (REGISTERED NUMBER: 00601583)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investments 4 4,163,513 4,163,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,163,513

4,163,513

CREDITORS
Amounts falling due after more than one
year

5

1,579,775

1,549,325
NET ASSETS 2,583,738 2,614,188

CAPITAL AND RESERVES
Called up share capital 6 3,080 3,080
Share premium 427,273 427,273
Capital redemption reserve 896 896
Other reserves 633,828 633,828
Retained earnings 1,518,661 1,549,111
SHAREHOLDERS' FUNDS 2,583,738 2,614,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mr R A A Coates - Director


SPRINGHILL RURAL ENTERPRISES LIMITED (REGISTERED NUMBER: 00601583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Springhill Rural Enterprises 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Preparation of consolidated financial statements
The financial statements contain information about Springhill Rural Enterprises Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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.

Investments
Fixed assets investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SPRINGHILL RURAL ENTERPRISES LIMITED (REGISTERED NUMBER: 00601583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 4,653,627
PROVISIONS
At 1 January 2023
and 31 December 2023 490,114
NET BOOK VALUE
At 31 December 2023 4,163,513
At 31 December 2022 4,163,513

The directors consider the market value of investments to be not less than that stated above.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts due to subsidiary undertakings 1,579,775 1,549,325

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
1,442 Ordinary £1 857 1,442
1,438 X Ordinary £1 1,438 1,438
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
292 E Ordinary £1 292 -
293 F Ordinary £1 293 -
3,080 3,080

7. RELATED PARTY DISCLOSURES

Springhill Rural Enterprises Ltd, Springhill Enterprises Ltd and Energycare Insulations Ltd are all group companies and related parties. Dunthrop Farm Ltd is under common control and is also a related party.

At 31 December 2023 Springhill Rural Enterprises Ltd owed £1,579,775 (2022 - £1,549,325) to Springhill Enterprises Ltd.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R and Mrs J Coates.