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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
Page
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Springwood Capital (uk) Limited Company Information for the year ended 31 March 2024
Director
Pavel Guzminov
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
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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
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Springwood Capital (uk) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,326 
2,994 
Investments
551,059 
529,076 
553,385 
532,070 
Current assets
Debtors
1,957,349 
1,957,952 
Cash at bank and in hand
60,709 
28,462 
2,018,058 
1,986,414 
Creditors: amounts falling due within one year
(2,501,273)
(2,474,776)
Net current liabilities
(483,215)
(488,362)
Net assets
70,170 
43,708 
Capital and reserves
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
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Springwood Capital (uk) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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:
Plant & machinery
20% SLM
Fixtures & fittings
20% SLM
Computer equipment
20% SLM
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 March 2024
- 
- 
2,326 
2,326 
At 31 March 2023
- 
2 
2,992 
2,994 
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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 
Additions
21,983 
Valuation at 31 March 2024
551,059 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
603 
Trade debtors
145 
145 
Deferred tax asset
44,554 
44,554 
Other debtors
1,912,650 
1,912,650 
1,957,349 
1,957,952 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,886 
- 
Trade creditors
- 
7,565 
Taxes and social security
1,498 
1,886 
Other creditors
2,483,674 
2,464,575 
Accruals
1,215 
750 
2,501,273 
2,474,776 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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