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REGISTERED NUMBER: 04556375 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SPRINGHILL PROPERTIES (BIRMINGHAM)
LIMITED

SPRINGHILL PROPERTIES (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 04556375)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPRINGHILL PROPERTIES (BIRMINGHAM)
LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Sanyogta Najran
Sukhdev Najran





SECRETARY: Sukhdev Najran





REGISTERED OFFICE: 90 Steward Street
Ladywood
Birmingham
West Midlands
B18 7AF





REGISTERED NUMBER: 04556375 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

SPRINGHILL PROPERTIES (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 04556375)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,160,000 1,160,000

CURRENT ASSETS
Debtors 5 94,907 95,342
Cash at bank 177,355 172,256
272,262 267,598
CREDITORS
Amounts falling due within one year 6 707,871 706,746
NET CURRENT LIABILITIES (435,609 ) (439,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

724,391

720,852

CREDITORS
Amounts falling due after more than one year 7 (84,259 ) (129,581 )

PROVISIONS FOR LIABILITIES 9 (14,623 ) (14,623 )
NET ASSETS 625,509 576,648

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 624,509 575,648
SHAREHOLDERS' FUNDS 625,509 576,648

SPRINGHILL PROPERTIES (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 04556375)

Balance Sheet - continued
31 December 2023


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 11 September 2024 and were signed on its behalf by:





Sukhdev Najran - Director


SPRINGHILL PROPERTIES (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 04556375)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Springhill Properties (Birmingham) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SPRINGHILL PROPERTIES (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 04556375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,160,000
NET BOOK VALUE
At 31 December 2023 1,160,000
At 31 December 2022 1,160,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2017 (38,038 )
Valuation in 2020 115,000
Cost 1,083,038
1,160,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,261 11,843
Other debtors 92,000 82,000
Prepayments 1,646 1,499
94,907 95,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 52,000 52,000
Trade creditors - 2,040
Corporation Tax 14,115 11,868
VAT 1,417 1,517
Other creditors 503,572 503,806
Directors' current accounts 135,417 134,265
Accrued expenses 1,350 1,250
707,871 706,746

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 84,259 129,581

SPRINGHILL PROPERTIES (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 04556375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 52,000 52,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 52,000 52,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 32,259 77,581

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 14,623 14,623

Deferred
tax
£   
Balance at 1 January 2023 14,623
Balance at 31 December 2023 14,623

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 January 2023 575,648
Profit for the year 48,861
At 31 December 2023 624,509

SPRINGHILL PROPERTIES (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 04556375)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. RELATED PARTY DISCLOSURES

Mrs Sanyogta Najran is also the director of Autozone Limited, a company registered in England and Wales with registration number 2821486.

The company has an outstanding loan payable to an associated company, Autozone Limited. The total amount outstanding as at 31 December 2023 was £495,069.81 (2022: £495,069.81).

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr Sukhdev Najran and Mrs Sanyogta Najran.