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Company Registration No. 1113961 (England and Wales)
Speedwell Cavern Limited Unaudited accounts for the year ended 31 January 2024
Speedwell Cavern Limited Unaudited accounts Contents
Page
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Speedwell Cavern Limited Company Information for the year ended 31 January 2024
Directors
J D Harrison J H Harrison J H Gosling
Company Number
1113961 (England and Wales)
Registered Office
Speedwell Cavern Castleton Hope Valley Derbyshire S33 8WA
Accountants
HART SIMPSON 65 Ward Street New Tupton Chesterfield Derbyshire S42 6XR
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Speedwell Cavern Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
473,156 
397,869 
Investment property
450,000 
450,000 
923,156 
847,869 
Current assets
Inventories
69,427 
77,992 
Debtors
40,000 
40,000 
Cash at bank and in hand
955,307 
961,274 
1,064,734 
1,079,266 
Creditors: amounts falling due within one year
(268,212)
(315,587)
Net current assets
796,522 
763,679 
Total assets less current liabilities
1,719,678 
1,611,548 
Provisions for liabilities
Deferred tax
(1,700)
(1,700)
Net assets
1,717,978 
1,609,848 
Capital and reserves
Called up share capital
3,000 
3,000 
Profit and loss account
1,714,978 
1,606,848 
Shareholders' funds
1,717,978 
1,609,848 
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
J D Harrison Director Company Registration No. 1113961
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Speedwell Cavern Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Speedwell Cavern Limited is a private company, limited by shares, registered in England and Wales, registration number 1113961. The registered office is Speedwell Cavern, Castleton, Hope Valley, Derbyshire, S33 8WA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5%
Plant & machinery
15%
Motor vehicles
15%
Fixtures & fittings
15%
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Speedwell Cavern Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
696,188 
96,199 
9,700 
175,166 
977,253 
Additions
- 
96,080 
- 
- 
96,080 
At 31 January 2024
696,188 
192,279 
9,700 
175,166 
1,073,333 
Depreciation
At 1 February 2023
356,676 
46,822 
7,790 
168,096 
579,384 
Charge for the year
16,976 
2,469 
287 
1,061 
20,793 
At 31 January 2024
373,652 
49,291 
8,077 
169,157 
600,177 
Net book value
At 31 January 2024
322,536 
142,988 
1,623 
6,009 
473,156 
At 31 January 2023
339,512 
49,377 
1,910 
7,070 
397,869 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
450,000 
At 31 January 2024
450,000 
Investment property is carried at fair value determined annually by the directors who have selected suitable valuation methods and inputs. The properties will be valued every 5 years by an external value. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings. The 2016 valuations were made by Saxton Mee on an open market value for existing use basis. The directors do not consider the value to be materially different at 31 January 2021. The original cost of the investment properties was £418777.00.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
40,000 
40,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,627 
38,540 
Other creditors
20,008 
22,009 
Loans from directors
74,577 
89,038 
Accruals
166,000 
166,000 
268,212 
315,587 
8
Average number of employees
During the year the average number of employees was 25 (2023: 25).
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