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REGISTERED NUMBER: OC323541 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2022 to 31 March 2024

for

Springfields Construction LLP

Springfields Construction LLP (Registered number: OC323541)






Contents of the Financial Statements
for the Period 1 November 2022 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Springfields Construction LLP

General Information
for the Period 1 November 2022 to 31 March 2024







DESIGNATED MEMBERS: Mrs T E A Green
A J Green





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: OC323541 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Springfields Construction LLP (Registered number: OC323541)

Balance Sheet
31 March 2024

31.3.24 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,374,052 1,406,999

CURRENT ASSETS
Debtors 5 348,829 191,263
Cash at bank 15,223 131,063
364,052 322,326
CREDITORS
Amounts falling due within one year 6 23,824 25,749
NET CURRENT ASSETS 340,228 296,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,714,280

1,703,576

CREDITORS
Amounts falling due after more than one year 7 492,351 522,974
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,221,929 1,180,602

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,221,929

1,180,602

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 1,221,929 1,180,602

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 January 2025 and were signed by:




A J Green - Designated member

Springfields Construction LLP (Registered number: OC323541)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 March 2024

1. STATUTORY INFORMATION

Springfields Construction LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% straight line

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 November 2022
and 31 March 2024 1,662,821
DEPRECIATION
At 1 November 2022 255,822
Charge for period 32,947
At 31 March 2024 288,769
NET BOOK VALUE
At 31 March 2024 1,374,052
At 31 October 2022 1,406,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.10.22
£    £   
Trade debtors 8,488 9,354
Other debtors 340,341 181,909
348,829 191,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.10.22
£    £   
Bank loans and overdrafts 21,616 21,616
Other creditors 2,208 4,133
23,824 25,749

Springfields Construction LLP (Registered number: OC323541)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.10.22
£    £   
Bank loans 492,351 522,974

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 405,886 436,509

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.10.22
£    £   
Bank loans 513,967 544,590

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

The Limited Liability Partnership has a loan which is payable to Lloyds Bank and is included within other creditors in the financial statements.