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REGISTERED NUMBER: 13877918 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 January 2024

for

Springs Farm Developments Ltd

Springs Farm Developments Ltd (Registered number: 13877918)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Springs Farm Developments Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: F Whitefield
Mrs A Whitefield
Mrs R Bladon
B M Bladon





REGISTERED OFFICE: The Mews Hounds Road
Chipping Sodbury
Bristol
BS37 6EE





REGISTERED NUMBER: 13877918 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Springs Farm Developments Ltd (Registered number: 13877918)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,525 8,700

CURRENT ASSETS
Stocks 905,000 1,380,186
Debtors 5 308,584 1,674
Cash at bank 62,632 15,513
1,276,216 1,397,373
CREDITORS
Amounts falling due within one year 6 1,300,950 1,419,743
NET CURRENT LIABILITIES (24,734 ) (22,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,209

)

(13,670

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,309 ) (13,770 )
(18,209 ) (13,670 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Springs Farm Developments Ltd (Registered number: 13877918)

Balance Sheet - continued
31 January 2024


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 31 October 2024 and were signed on its behalf by:





Mrs A Whitefield - Director


Springs Farm Developments Ltd (Registered number: 13877918)

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

1. STATUTORY INFORMATION

Springs Farm Developments 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.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 11,600
DEPRECIATION
At 1 February 2023 2,900
Charge for year 2,175
At 31 January 2024 5,075
NET BOOK VALUE
At 31 January 2024 6,525
At 31 January 2023 8,700

Springs Farm Developments Ltd (Registered number: 13877918)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 308,584 1,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,300,950 1,419,743

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

2024 2023
£    £   
Mrs A Whitefield and F Whitefield
Balance outstanding at start of year (118,793 ) -
Amounts advanced 441,327 50
Amounts repaid (22,095 ) (118,843 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 300,439 (118,793 )

B M Bladon and Mrs R Bladon
Balance outstanding at start of year (1,299,950 ) -
Amounts advanced - 50
Amounts repaid - (1,300,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,299,950 ) (1,299,950 )

Interest has been applied in line with HMRC rates on the overdrawn balance. The loan was repaid within 9 months of the year end.