SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Company Registration Number:
09653346 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Investment holding company

Additional information

Results and dividends



Directors

The directors shown below have held office during the period of
11 August 2023 to 31 December 2023

Christopher Wallace Bond
OSM Limited


Secretary NSM Corporate Services Limited

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 November 2024

And signed on behalf of the board by:
Name: OSM Limited
Status: Director

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 132,744 255,000
Cost of sales: 0 0
Gross profit(or loss): 132,744 255,000
Administrative expenses: ( 56,323 ) ( 38,741 )
Operating profit(or loss): 76,421 216,259
Interest receivable and similar income: 416 0
Interest payable and similar charges: ( 127,314 ) 0
Profit(or loss) before tax: (50,477) 216,259
Tax: ( 49,107 ) ( 48,450 )
Profit(or loss) for the financial year: (99,584) 167,809

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 4,583,777 4,622,518
Total fixed assets: 4,583,777 4,622,518
Current assets
Debtors: 4 104,478 600,313
Cash at bank and in hand: 93,982 0
Total current assets: 198,460 600,313
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 4,994,242 ) ( 5,335,252 )
Net current assets (liabilities): (4,795,782) (4,734,939)
Total assets less current liabilities: (212,005) ( 112,421)
Total net assets (liabilities): (212,005) (112,421)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (212,006 ) (112,422 )
Total Shareholders' funds: ( 212,005 ) (112,421)

The notes form part of these financial statements

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 November 2024
and signed on behalf of the board by:

Name: OSM Limited
Status: Director

The notes form part of these financial statements

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Land is not depreciated. Depreciation is provided to write off the cost, less estimated residual values, of all tangible fixed assets evenly over their expected useful lives. Depreciation is provided on the following bases - freehold property 1% straight line

    Other accounting policies

    Revaluation of tangible assets Taxation Employees Controlling party Related party transactions

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 5,501,605 5,501,605
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 5,501,605 5,501,605
Depreciation
At 1 January 2023 879,087 879,087
Charge for year 38,741 38,741
On disposals
Other adjustments
At 31 December 2023 917,828 917,828
Net book value
At 31 December 2023 4,583,777 4,583,777
At 31 December 2022 4,622,518 4,622,518

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 104,478 600,313
Total 104,478 600,313

SPRING PROPERTIES (ISLE OF WIGHT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Trade creditors 4,994,242 5,335,252
Total 4,994,242 5,335,252