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REGISTERED NUMBER: 12473206 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Springwood Property Ltd

Springwood Property Ltd (Registered number: 12473206)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Springwood Property Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Wood
Mrs J L Wood





SECRETARY:





REGISTERED OFFICE: 1 Springwood
Simmondley
Glossop
Derbyshire
SK13 6XR





REGISTERED NUMBER: 12473206 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

Springwood Property Ltd (Registered number: 12473206)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 289,176 289,176

CURRENT ASSETS
Cash at bank 42,011 78,038

CREDITORS
Amounts falling due within one year 5 100,076 138,236
NET CURRENT LIABILITIES (58,065 ) (60,198 )
TOTAL ASSETS LESS CURRENT LIABILITIES 231,111 228,978

CREDITORS
Amounts falling due after more than one year 6 270,999 270,999
NET LIABILITIES (39,888 ) (42,021 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (39,988 ) (42,121 )
SHAREHOLDERS' FUNDS (39,888 ) (42,021 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 6 September 2024 and were signed on its behalf by:





A J Wood - Director


Springwood Property Ltd (Registered number: 12473206)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Springwood Property Ltd 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 289,176
NET BOOK VALUE
At 31 March 2024 289,176
At 31 March 2023 289,176

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 100,076 138,236

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 270,999 270,999

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 270,999 270,999