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Registered number: 09595672

Spring Park Properties Ltd

ACCOUNTS
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
L Green
SECRETARY
L Green
REGISTERED OFFICE
50 Wyatt Point
Erebus Drive
London
SE28 0GL
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' Report3
Statement Of Comprehensive Income4
Balance Sheet5
Notes To The Accounts6
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account9
Profit And Loss Account Summaries10

Spring Park Properties Ltd

DIRECTORS' REPORT
FOR THEYEARENDED31/05/2024
The directors present their report and accounts for theyearended31/05/2024
DIRECTORS
The directors who served during theyearwere as follows:
L Green
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 on20/02/2025
L Green
Director

Spring Park Properties Ltd

STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEARENDED31/05/2024
Notes20242023
££
TURNOVER16,768-
GROSS PROFIT16,768-
Administrative expenses(1,323)(3,627)
OPERATING PROFIT / (LOSS)15,445(3,627)
Interest payable and similar charges(4,906)-
PROFIT / (LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION10,539(3,627)
Tax on profit on ordinary activities3(1,313)-
PROFIT / (LOSS) ON ORDINARY ACTIVITIES AFTER TAXATION9,226(3,627)

Spring Park Properties Ltd

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets4685,687271,332
CURRENT ASSETS
Cash at bank and in hand13,8615,089
13,8615,089
CREDITORS: Amounts falling due within one year5694,219280,318
NET CURRENT LIABILITIES(680,358)(275,229)
TOTAL ASSETS LESS CURRENT LIABILITIES5,329(3,897)
CAPITAL AND RESERVES
Called up share capital622
Profit and loss account5,327(3,899)
SHAREHOLDERS' FUNDS5,329(3,897)
For the year ending 31/05/2024 the company was entitled to exemption 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 directors acknowledge their 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.
Approved by the board on 20/02/2025 and signed on their behalf by
.............................
L Green
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
No depreciation has been provided on the land and building as they are kept in good repair.
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
20242023
No.No.
Average number of employees--
3. TAX ON ORDINARY ACTIVITIES
20242023
££
Corporation tax1,313-
1,313-
4. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
At 01/06/2023271,332271,332
Additions414,355414,355
At 31/05/2024685,687685,687
Depreciation
At 31/05/2024--
Net Book Amounts
At 31/05/2024685,687685,687
At 31/05/2023271,332271,332
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,313-
Directors current account382,906280,318
Bank Loan310,000-
694,219280,318

Spring Park Properties Ltd

6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 of £1 each22
22

Spring Park Properties Ltd

TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31/05/2024
20242023
££
Turnover16,768-
Cost of Sales:
Gross Profit16,768-
16,768-
Less:
Administrative expenses1,3233,627
Interest payable and similar charges4,906-
6,2293,627
Net profit / (loss) for the year before taxation10,539(3,627)
Taxation1,313-
Net profit / (loss) for the year after taxation9,226(3,627)
Retained losses brought forward(3,899)(272)
Retained profits / (losses) carried forward5,327(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
20242023
££
Interest payable and similar charges:
Bank interest4,906-
4,906-
Administrative Expenses:
Heat and light(120)377
Council tax520416
Repairs and renewals6082,452
Insurance217286
Bank charges9896
1,3233,627
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.