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REGISTERED NUMBER: 13919242 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ELMFIELD SPINNEY DEVELOPMENT LIMITED

ELMFIELD SPINNEY DEVELOPMENT LIMITED (REGISTERED NUMBER: 13919242)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

ELMFIELD SPINNEY DEVELOPMENT LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: Mr K S Rodger
Mrs C Rodger
Mrs F M Stahl
Mrs N I Twyman





REGISTERED OFFICE: 10 St Ann Street
Salisbury
Wiltshire
SP1 2DN





REGISTERED NUMBER: 13919242 (England and Wales)





ACCOUNTANTS: Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN

ELMFIELD SPINNEY DEVELOPMENT LIMITED (REGISTERED NUMBER: 13919242)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 194,246 32,776
Debtors 4 21,557 -
Cash in hand 50 50
215,853 32,826
CREDITORS
Amounts falling due within one year 5 554,389 192,399
NET CURRENT LIABILITIES (338,536 ) (159,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(338,536

)

(159,573

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (338,636 ) (159,673 )
(338,536 ) (159,573 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 3 November 2024 and were signed on its behalf by:





Mr K S Rodger - Director


ELMFIELD SPINNEY DEVELOPMENT LIMITED (REGISTERED NUMBER: 13919242)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Elmfield Spinney Development 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Stocks
The value of professional services incurred to date in relation to proposed developments are being carried forward at the balance sheet date, and will be released into the profit and loss account when the developments are started.

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.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in existence for the foreseeable future.

The directors have declared their intention to continue to support the company for the foreseeable future and will not require repayment of their directors' loan account within 12 months of signing the directors report.

The directors consider that in preparing the financial statements they have taken into account all information that could be reasonably be expected to be available. On this basis they consider that it is appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 21,557 -

ELMFIELD SPINNEY DEVELOPMENT LIMITED (REGISTERED NUMBER: 13919242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 35,113 -
Other creditors 519,276 192,399
554,389 192,399

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ELMFIELD SPINNEY DEVELOPMENT LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elmfield Spinney Development Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Elmfield Spinney Development Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elmfield Spinney Development Limited and state those matters that we have agreed to state to the Board of Directors of Elmfield Spinney Development Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elmfield Spinney Development Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Elmfield Spinney Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Elmfield Spinney Development Limited. You consider that Elmfield Spinney Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elmfield Spinney Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN


25 November 2024