Registered number: 09595672 | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
15 St Leonards Rise | ||||||||
Orpington | ||||||||
Kent | ||||||||
BR6 9NA |
Spring Park Properties Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 09595672 | ||||||||
Spring Park Properties Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/05/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | 3 | |||||||
Statement Of Comprehensive Income | 4 | |||||||
Balance Sheet | 5 | |||||||
Notes To The Accounts | 6 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | 9 | |||||||
Profit And Loss Account Summaries | 10 |
Spring Park Properties Ltd | ||||||||
DIRECTORS' REPORT | ||||||||
FOR THEYEARENDED | ||||||||
The directors present their report and accounts for theyearended | ||||||||
DIRECTORS | ||||||||
The directors who served during theyearwere as follows: | ||||||||
STATEMENT OF DIRECTORS RESPONSIBILITIES | ||||||||
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation. | ||||||||
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to: | ||||||||
- Select suitable accounting policies and then apply them consistently; | ||||||||
- Make judgements and accounting estimates that are reasonable and prudent; | ||||||||
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. | ||||||||
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. | ||||||||
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. | ||||||||
This report was approved by the board on | ||||||||
Director |
Spring Park Properties Ltd | ||||||||
STATEMENT OF COMPREHENSIVE INCOME | ||||||||
FOR THEYEARENDED | ||||||||
Notes | 2024 | 2023 | ||||||
£ | £ | |||||||
TURNOVER | ||||||||
GROSS PROFIT | ||||||||
Administrative expenses | ( | ( | ||||||
OPERATING PROFIT / (LOSS) | ( | |||||||
Interest payable and similar charges | ( | |||||||
PROFIT / (LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION | 10,539 | (3,627) | ||||||
Tax on profit on ordinary activities | 3 | (1,313) | - | |||||
PROFIT / (LOSS) ON ORDINARY ACTIVITIES AFTER TAXATION | ( | |||||||
Spring Park Properties Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Cash at bank and in hand | ||||||||||
13,861 | 5,089 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (275,229) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | 5,327 | (3,899) | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Spring Park Properties Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Change In Accounting Policy | ||||||||
In preparing the financial statements for the current year, the company has adopted the following Financial Reporting Standards: | ||||||||
-Financial Reporting Standard for Smaller Entities (effectiveJanuary 2015). | ||||||||
The adoption of new accounting standards has not resulted in any adjustments to the results of the company in either this year or the previous year. |
1b. Going Concern | ||||||||
These financial statements have been prepared on the going concern basis which assumes the continued financial support of the company's director and bankers. |
1c. Depreciation |
1d. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1e. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
Spring Park Properties Ltd | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | - | |||||
3. TAX ON ORDINARY ACTIVITIES | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Corporation tax | 1,313 | - | ||||||
1,313 | - | |||||||
4. TANGIBLE FIXED ASSETS | ||||
Land And | ||||
Buildings | Total | |||
£ | £ | |||
Cost | ||||
At 01/06/2023 | 271,332 | 271,332 | ||
Additions | 414,355 | 414,355 | ||
At 31/05/2024 | 685,687 | 685,687 | ||
Depreciation | ||||
At 31/05/2024 | - | - | ||
Net Book Amounts | ||||
At 31/05/2024 | 685,687 | |||
At 31/05/2023 | 271,332 | |||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 1,313 | - | ||||||
Directors current account | 382,906 | 280,318 | ||||||
Bank Loan | 310,000 | - | ||||||
694,219 | 280,318 | |||||||
Spring Park Properties Ltd | ||||||||
6. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||
Spring Park Properties Ltd | ||||||||
TRADING AND PROFIT AND LOSS ACCOUNT | ||||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Turnover | ||||||||||
Cost of Sales: | ||||||||||
Gross Profit | ||||||||||
16,768 | - | |||||||||
Less: | ||||||||||
Administrative expenses | ||||||||||
Interest payable and similar charges | ||||||||||
6,229 | 3,627 | |||||||||
Net profit / (loss) for the year before taxation | 10,539 | (3,627) | ||||||||
Taxation | 1,313 | - | ||||||||
Net profit / (loss) for the year after taxation | 9,226 | (3,627) | ||||||||
Retained losses brought forward | (3,899) | (272) | ||||||||
Retained profits / (losses) carried forward | 5,327 | (3,899) | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
Spring Park Properties Ltd | ||||||||
PROFIT AND LOSS ACCOUNT SUMMARIES | ||||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Interest payable and similar charges: | ||||||||||
Bank interest | ||||||||||
4,906 | - | |||||||||
Administrative Expenses: | ||||||||||
Heat and light | ( | |||||||||
Council tax | ||||||||||
Repairs and renewals | 608 | 2,452 | ||||||||
Insurance | 217 | 286 | ||||||||
Bank charges | ||||||||||
1,323 | 3,627 | |||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |