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REGISTERED NUMBER: NI632185 (Northern Ireland)











Springhill Lane Farm Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024






Springhill Lane Farm Ltd (Registered number: NI632185)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Springhill Lane Farm Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G Dawson
Mrs H Dawson





REGISTERED OFFICE: C/o SM Vint & Company
8 Newry Road
Banbridge
Co. Down
BT32 3HN





REGISTERED NUMBER: NI632185 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Springhill Lane Farm Ltd

Report of the Accountants to the Directors of
Springhill Lane Farm Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


3 September 2024

Springhill Lane Farm Ltd (Registered number: NI632185)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,235 215,733

CURRENT ASSETS
Stocks 16,850 16,850
Debtors 5 43,929 24,074
Cash at bank 79,929 34,891
140,708 75,815
CREDITORS
Amounts falling due within one year 6 155,998 171,756
NET CURRENT LIABILITIES (15,290 ) (95,941 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,945

119,792

CREDITORS
Amounts falling due after more than
one year

7

(20,721

)

(20,721

)

PROVISIONS FOR LIABILITIES (8,499 ) (10,163 )
NET ASSETS 162,725 88,908

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 162,623 88,806
SHAREHOLDERS' FUNDS 162,725 88,908

Springhill Lane Farm Ltd (Registered number: NI632185)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 3 September 2024 and were signed on its behalf by:




G Dawson - Director



Mrs H Dawson - Director


Springhill Lane Farm Ltd (Registered number: NI632185)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Springhill Lane Farm Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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.
Freehold property - Not Depreciated
Plant and machinery - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Springhill Lane Farm Ltd (Registered number: NI632185)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 173,241 243,227 416,468
DEPRECIATION
At 1 July 2023 - 200,735 200,735
Charge for year - 8,498 8,498
At 30 June 2024 - 209,233 209,233
NET BOOK VALUE
At 30 June 2024 173,241 33,994 207,235
At 30 June 2023 173,241 42,492 215,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,764 20,213
Other debtors 2,165 3,861
43,929 24,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,286 7,965
Taxation and social security 62,884 32,144
Other creditors 84,828 131,647
155,998 171,756

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 20,721 20,721