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Registration number: 09149205

Springfield Global Holdings Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2024

 

Springfield Global Holdings Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Springfield Global Holdings Limited

(Registration number: 09149205)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,592,500

1,592,500

Investments

5

200,000

200,000

 

1,792,500

1,792,500

Current assets

 

Debtors

280,792

255,405

Cash at bank and in hand

 

141,594

59,467

 

422,386

314,872

Creditors: Amounts falling due within one year

(698,562)

(642,002)

Net current liabilities

 

(276,176)

(327,130)

Total assets less current liabilities

 

1,516,324

1,465,370

Provisions for liabilities

(12,070)

(11,648)

Net assets

 

1,504,254

1,453,722

Capital and reserves

 

Called up share capital

700,000

700,000

Revaluation reserve

682,500

682,500

Profit and loss account

121,754

71,222

Total equity

 

1,504,254

1,453,722

 

Springfield Global Holdings Limited

(Registration number: 09149205)
Abridged Balance Sheet as at 31 August 2024

For the financial year ending 31 August 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 6 November 2024 and signed on its behalf by:
 

Mr A S Leflaive

Director

 

Springfield Global Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spectrum House
St Ivel Way
Warmley
Bristol
BS30 8TY

These financial statements were authorised for issue by the Board on 6 November 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at fair value, less any subsequent accumulated impairment losses.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

 

Springfield Global Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

4

Tangible assets

Total
£

Cost or valuation

At 1 September 2023

1,592,500

At 31 August 2024

1,592,500

Depreciation

Carrying amount

At 31 August 2024

1,592,500

At 31 August 2023

1,592,500

5

Investments

Total
£

Cost or valuation

At 1 September 2023

200,000

Provision

Carrying amount

At 31 August 2024

200,000

At 31 August 2023

200,000

 

Springfield Global Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Springfield Business Papers Limited

Spectrum House
St Ivel Way
Warmley
Bristol
BS30 8TY

England and Wales

Ordinary shares

100%

100%

Subsidiary undertakings

Springfield Business Papers Limited

The principal activity of Springfield Business Papers Limited is the supply of paper and confidential waste management.

 

Springfield Global Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

6

Related party transactions

Advances to directors


Mr R Coldrick

During the period Mr R Coldrick went overdrawn on their director's loan account. The maximum overdrawn balance was £52,699 (2023 - £60,476). At the year end the amount outstanding from Mr R Coldrick was £31,976 (2023 - £22,673). Interest has been charged at the commercial rate.


Mr A S Leflaive

During the period Mr A S Leflaive went overdrawn on their director's loan account. The maximum overdrawn balance was £48,834 (2023 - £34,557). At the year end the amount outstanding from Mr A S Leflaive was £32,579 (2023 - £18,873). Interest has been charged at the commercial rate.


Mr L Hamilton

During the period Mr L Hamilton went overdrawn on their director's loan account. The maximum overdrawn balance was £51,326 (2023 - £35,168). At the year end the amount outstanding from Mr L Hamilton was £30,573 (2023 - £21,326). Interest has been charged at the commercial rate.


Mrs E L Hamilton

During the period Mrs E L Hamilton went overdrawn on their director's loan account. The maximum overdrawn balance was £51,326 (2023 - £35,168). At the year end the amount outstanding from Mrs E L Hamilton was £30,573 (2023 - £21,326). Interest has been charged at the commercial rate.


Mrs R H Leflaive

During the period Mrs R H Leflaive went overdrawn on their director's loan account. The maximum overdrawn balance was £48,834 (2023 - £34,557). At the year end the amount outstanding from Mrs R H Leflaive was £32,579 (2023 - £18,873). Interest has been charged at the commercial rate.


Mrs R Coldrick

During the period Mrs R Coldrick went overdrawn on their director's loan account. The maximum overdrawn balance was £52,699 (2023 - £60,476). At the year end the amount outstanding from Mrs R Coldrick was £31,976 (2023 - £22,673). Interest has been charged at the commercial rate.