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REGISTERED NUMBER: 10834724 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

SPRINGFIELD ESTATE (OXON) LIMITED

SPRINGFIELD ESTATE (OXON) LIMITED (REGISTERED NUMBER: 10834724)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPRINGFIELD ESTATE (OXON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: K M Costar
Mrs C S Costar
A R Costar
T H Newport





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 10834724 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

SPRINGFIELD ESTATE (OXON) LIMITED (REGISTERED NUMBER: 10834724)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 350,000 179,387

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 4,412 234
4,512 334
CREDITORS
Amounts falling due within one year 6 157,343 157,253
NET CURRENT LIABILITIES (152,831 ) (156,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,169

22,468

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 213,266 -
Retained earnings (16,197 ) 22,368
197,169 22,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 25th September 2024 and were signed on its behalf by:



A R Costar - Director


SPRINGFIELD ESTATE (OXON) LIMITED (REGISTERED NUMBER: 10834724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Springfield Estate (Oxon) 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 4 (2023 - 4 ) .

SPRINGFIELD ESTATE (OXON) LIMITED (REGISTERED NUMBER: 10834724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023 179,387
Revaluations 170,613
At 30th June 2024 350,000
NET BOOK VALUE
At 30th June 2024 350,000
At 30th June 2023 179,387

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2024 170,613
Cost 179,387
350,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 179,387 179,387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Taxation and social security 959 889
Other creditors 156,384 156,363
157,343 157,253

SPRINGFIELD ESTATE (OXON) LIMITED (REGISTERED NUMBER: 10834724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


7. RESERVES
Revaluation
reserve
£   
Property revaluation 170,613
Deferred tax 42,653

At 30th June 2024 213,266