Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-272023-09-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04054559 2023-09-01 2024-08-31 04054559 2022-09-01 2023-08-31 04054559 2024-08-31 04054559 2023-08-31 04054559 c:Director1 2023-09-01 2024-08-31 04054559 d:FurnitureFittings 2023-09-01 2024-08-31 04054559 d:FurnitureFittings 2024-08-31 04054559 d:FurnitureFittings 2023-08-31 04054559 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04054559 d:FreeholdInvestmentProperty 2024-08-31 04054559 d:FreeholdInvestmentProperty 2023-08-31 04054559 d:CurrentFinancialInstruments 2024-08-31 04054559 d:CurrentFinancialInstruments 2023-08-31 04054559 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04054559 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04054559 d:ShareCapital 2024-08-31 04054559 d:ShareCapital 2023-08-31 04054559 d:OtherMiscellaneousReserve 2024-08-31 04054559 d:OtherMiscellaneousReserve 2023-08-31 04054559 d:RetainedEarningsAccumulatedLosses 2024-08-31 04054559 d:RetainedEarningsAccumulatedLosses 2023-08-31 04054559 c:FRS102 2023-09-01 2024-08-31 04054559 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04054559 c:FullAccounts 2023-09-01 2024-08-31 04054559 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04054559 2 2023-09-01 2024-08-31 04054559 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 04054559









SPRINGLAKE PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
SPRINGLAKE PROPERTIES LIMITED
REGISTERED NUMBER: 04054559

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
537
892

Investment property
 5 
955,000
955,000

  
955,537
955,892

Current assets
  

Debtors: amounts falling due within one year
 6 
2,797
3,875

Cash at bank and in hand
 7 
123,448
76,857

  
126,245
80,732

Creditors: amounts falling due within one year
 8 
(202,352)
(199,683)

Net current liabilities
  
 
 
(76,107)
 
 
(118,951)

Total assets less current liabilities
  
879,430
836,941

Provisions for liabilities
  

Deferred tax
  
(156,471)
(118,918)

  
 
 
(156,471)
 
 
(118,918)

Net assets
  
722,959
718,023


Capital and reserves
  

Called up share capital 
  
2
2

Other reserves
  
605,891
605,891

Profit and loss account
  
117,066
112,130

  
722,959
718,023


Page 1

 
SPRINGLAKE PROPERTIES LIMITED
REGISTERED NUMBER: 04054559
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2025.




S Leigh
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SPRINGLAKE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Springlake Properties Limited is a private Company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number 04054559). The Company's registered office adress is at 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SPRINGLAKE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
SPRINGLAKE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
SPRINGLAKE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2023
7,136



At 31 August 2024

7,136



Depreciation


At 1 September 2023
6,243


Charge for the year on owned assets
356



At 31 August 2024

6,599



Net book value



At 31 August 2024
537



At 31 August 2023
892


5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
955,000



At 31 August 2024
955,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



Page 6

 
SPRINGLAKE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£


Trade debtors
2,797
3,875

2,797
3,875



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
123,448
76,857

123,448
76,857



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,800

Corporation tax
10,422
6,438

Other creditors
151,411
150,926

Accruals and deferred income
40,519
40,519

202,352
199,683


 
Page 7