Company Registration No. 06548824 (England and Wales)
Springwood Capital (uk) Limited
Unaudited accounts
for the year ended 31 March 2024
Springwood Capital (uk) Limited
Unaudited accounts
Contents
Springwood Capital (uk) Limited
Company Information
for the year ended 31 March 2024
Company Number
06548824 (England and Wales)
Registered Office
45 Berkeley Court
Marylebone Road
London
NW1 5NB
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Springwood Capital (uk) Limited
Accountants' report
Accountants' report to the director of Springwood Capital (uk) Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Springwood Capital (uk) Limited for the year ended
31 March 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Springwood Capital (uk) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Springwood Capital (uk) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Springwood Capital (uk) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Springwood Capital (uk) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Springwood Capital (uk) Limited. You consider that Springwood Capital (uk) 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 accounts of Springwood Capital (uk) 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 accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
17 January 2025
Springwood Capital (uk) Limited
Statement of financial position
as at 31 March 2024
Tangible assets
2,326
2,994
Investments
551,059
529,076
Debtors
1,957,349
1,957,952
Cash at bank and in hand
60,709
28,462
Creditors: amounts falling due within one year
(2,501,273)
(2,474,776)
Net current liabilities
(483,215)
(488,362)
Called up share capital
237,363
237,363
Profit and loss account
(167,193)
(193,655)
Shareholders' funds
70,170
43,708
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 January 2025 and were signed on its behalf by
Pavel Guzminov
Director
Company Registration No. 06548824
Springwood Capital (uk) Limited
Notes to the Accounts
for the year ended 31 March 2024
Springwood Capital (uk) Limited is a private company, limited by shares, registered in England and Wales, registration number 06548824. The registered office is 45 Berkeley Court, Marylebone Road, London, NW1 5NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% SLM
Computer equipment
20% SLM
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
6,230
9,721
36,044
51,995
At 31 March 2024
6,230
9,721
36,044
51,995
At 1 April 2023
6,230
9,719
33,052
49,001
Charge for the year
-
2
666
668
At 31 March 2024
6,230
9,721
33,718
49,669
At 31 March 2024
-
-
2,326
2,326
At 31 March 2023
-
2
2,992
2,994
Springwood Capital (uk) Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Investments
Other investments
Valuation at 1 April 2023
529,076
Valuation at 31 March 2024
551,059
Amounts falling due within one year
Deferred tax asset
44,554
44,554
Other debtors
1,912,650
1,912,650
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,498
1,886
Other creditors
2,483,674
2,464,575
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).