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REGISTERED NUMBER: 12756683 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Springdale Investments Limited

Springdale Investments Limited (Registered number: 12756683)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Springdale Investments Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs M B Christie
Mr D A Wilcock





REGISTERED OFFICE: 76 Springdale Gardens Didsbury
Manchester
United Kingdom
Greater Manchester
M20 2SS





REGISTERED NUMBER: 12756683 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Springdale Investments Limited (Registered number: 12756683)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 553 691
Investment property 5 617,360 409,954
617,913 410,645

CURRENT ASSETS
Debtors 6 5,243 5,630
Cash at bank 25,210 101,506
30,453 107,136
CREDITORS
Amounts falling due within one year 7 (10,152 ) (9,602 )
NET CURRENT ASSETS 20,301 97,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,214

508,179

CREDITORS
Amounts falling due after more than one year 8 (581,085 ) (504,112 )

PROVISIONS FOR LIABILITIES 9 (11,821 ) -
NET ASSETS 45,308 4,067

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Revaluation reserve 11 37,535 -
Retained earnings 11 (2,227 ) (5,933 )
SHAREHOLDERS' FUNDS 45,308 4,067

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

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

Springdale Investments Limited (Registered number: 12756683)

Balance Sheet - continued
31 July 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 30 January 2025 and were signed on its behalf by:





Mr D A Wilcock - Director


Springdale Investments Limited (Registered number: 12756683)

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

1. STATUTORY INFORMATION

Springdale Investments 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.

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 as modified by the revaluation of certain assets.

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.
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Springdale Investments Limited (Registered number: 12756683)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023
and 31 July 2024 864
DEPRECIATION
At 1 August 2023 173
Charge for year 138
At 31 July 2024 311
NET BOOK VALUE
At 31 July 2024 553
At 31 July 2023 691

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 409,954
Additions 157,360
Revaluations 50,046
At 31 July 2024 617,360
NET BOOK VALUE
At 31 July 2024 617,360
At 31 July 2023 409,954

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 50,046
Cost 567,314
617,360

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,328 -
Other debtors 1,205 1,660
Deferred tax asset - 1,260
Prepayments 1,710 2,710
5,243 5,630

Springdale Investments Limited (Registered number: 12756683)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,532 8,282
Accrued expenses 1,620 1,320
10,152 9,602

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,603 8,282
Bank loans - 2-5 years 28,958 26,585
Bank loans more 5 yr by instal 249,623 172,544
Directors' loan accounts 293,901 296,701
581,085 504,112

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 249,623 172,544

9. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax 11,821

Deferred
tax
£   
Balance at 1 August 2023 (1,260 )
Accelerated capital allowances
Losses (829 )
Tax on Revaluation gain 13,910
Balance at 31 July 2024 11,821

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary 1 10,000 10,000

Springdale Investments Limited (Registered number: 12756683)

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

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2023 (5,933 ) - (5,933 )
Profit for the year 53,752 53,752
Revaluation (50,046 ) 37,535 (12,511 )
At 31 July 2024 (2,227 ) 37,535 35,308

12. OTHER FINANCIAL COMMITMENTS

The company as at 31st July 2024 had outstanding commitments in respect of bank loans totalling £295,715 (2022: £215,694).

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr D A Wilcock and Mrs M B Christie
Balance outstanding at start of year (296,701 ) (175,162 )
Amounts advanced 3,312 7,765
Amounts repaid (512 ) (129,304 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (293,901 ) (296,701 )

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of their shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Springdale Investments 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 Springdale Investments Limited for the year ended 31 July 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 Springdale Investments 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 Springdale Investments Limited and state those matters that we have agreed to state to the Board of Directors of Springdale Investments 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 Springdale Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Springdale Investments 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 profit of Springdale Investments Limited. You consider that Springdale Investments 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 Springdale Investments 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.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................