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Registered number: 07941719
Spring Rock Developments Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07941719
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 119 190
119 190
CURRENT ASSETS
Debtors 5 113,185 86,659
Cash at bank and in hand 100 100
113,285 86,759
Creditors: Amounts Falling Due Within One Year 6 (79,946 ) (52,191 )
NET CURRENT ASSETS (LIABILITIES) 33,339 34,568
TOTAL ASSETS LESS CURRENT LIABILITIES 33,458 34,758
PROVISIONS FOR LIABILITIES
Deferred Taxation (30 ) (36 )
NET ASSETS 33,428 34,722
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 33,328 34,622
SHAREHOLDERS' FUNDS 33,428 34,722
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For the year ending 31 August 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J J Morgan
Director
13 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Spring Rock Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07941719 . The registered office is 4 Howard Road, Glen Parva, Leicester, LE2 9JG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line & 20% reducing balance
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.5. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 3,948
As at 31 August 2024 3,948
Depreciation
As at 1 September 2023 3,758
Provided during the period 71
As at 31 August 2024 3,829
Net Book Value
As at 31 August 2024 119
As at 1 September 2023 190
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 113,185 86,659
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,140 180
Other creditors 45,340 20,792
Taxation and social security 33,466 31,219
79,946 52,191
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Rohan Morgan 48,455 1,090 - - 49,545
Mr Jonathan Morgan 16,754 18,619 - - 35,373
The above loan is unsecured, interest free and repayable on demand.
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9. Related Party Transactions
J J Morgan
The above is a related party by virtue of being a director.
During the year, the director incurred expenses on behalf of the company and drew against his account. 
At the balance sheet date, he owed £35,373 (2023: £16,753 ) to the company.
No interest is being charged on this loan for the period.
R Morgan
The above is a related party by virtue of being a director.
During the year, the related party incurred expenses on behalf of the company and was loaned money by the company.
At the balance sheet date, he owed £49,546 (2023: £48,455 ) to the company.
No interest is being charged on this loan for the period.
J Morgan
The above is a related party by virtue of being a shareholder.
At the balance sheet date, she was owed £14 ( 2023: £14 ) by the company.
No interest is being charged on this loan for the period.
RCM Living Limited
The above is a related party due to common control.
During the period the related party paid costs on behalf of the company.
At the balance sheet date the company owed the related party £44,326 (2023: £19,828).
No interest has been charged on this loan during the period.
10. Ultimate Controlling Party
The ultimate controlling parties are all shareholders by virtue of their equal shareholding. 
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