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REGISTERED NUMBER: 10816510 (England and Wales)






















Springdale Developments Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






Springdale Developments Limited (Registered number: 10816510)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Springdale Developments Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: R A Wastling
W R Wastling





REGISTERED OFFICE: Thirtleby Grange
Thirtleby
Coniston
East Yorkshire
HU11 4LL





REGISTERED NUMBER: 10816510 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Springdale Developments Limited (Registered number: 10816510)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,734 2,210
Investments 5 100 100
3,834 2,310

CURRENT ASSETS
Stocks 86,098 592,363
Debtors 6 620,999 111,158
Cash at bank 9,697 144,973
716,794 848,494
CREDITORS
Amounts falling due within one year 7 550,100 731,987
NET CURRENT ASSETS 166,694 116,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,528

118,817

CREDITORS
Amounts falling due after more than one
year

8

(9,642

)

(19,910

)

PROVISIONS FOR LIABILITIES (933 ) (552 )
NET ASSETS 159,953 98,355

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 159,951 98,353
159,953 98,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Developments Limited (Registered number: 10816510)

Balance Sheet - continued
30 June 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2024 and were signed on its behalf by:





W R Wastling - Director


Springdale Developments Limited (Registered number: 10816510)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Springdale Developments 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.

Preparation of consolidated financial statements
The financial statements contain information about Springdale Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery etc - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

3. EMPLOYEES AND DIRECTORS

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

Springdale Developments Limited (Registered number: 10816510)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 15,415
Additions 2,500
At 30 June 2024 17,915
DEPRECIATION
At 1 July 2023 13,205
Charge for year 976
At 30 June 2024 14,181
NET BOOK VALUE
At 30 June 2024 3,734
At 30 June 2023 2,210

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 34,282 17,833

Amounts falling due after more than one year:
Amounts owed by group undertakings 586,500 93,325
Other debtors 217 -
586,717 93,325

Aggregate amounts 620,999 111,158

Springdale Developments Limited (Registered number: 10816510)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,112 10,015
Trade creditors 25,552 49,090
Taxation and social security 1,450 4,121
Other creditors 511,986 668,761
550,100 731,987

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,642 19,910