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Company Registration No. 1113961 (England and Wales)
Speedwell Cavern Limited Unaudited accounts for the year ended 31 January 2025
Speedwell Cavern Limited Unaudited accounts Contents
Page
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Speedwell Cavern Limited Company Information for the year ended 31 January 2025
Directors
J D Harrison J H Harrison J H Gosling
Company Number
1113961 (England and Wales)
Registered Office
Speedwell Cavern Castleton Hope Valley Derbyshire S33 8WA
Accountants
HART SIMPSON 65 Ward Street New Tupton Chesterfield Derbyshire S42 6XR
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Speedwell Cavern Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
676,604 
473,156 
Investment property
450,000 
450,000 
1,126,604 
923,156 
Current assets
Inventories
66,025 
69,427 
Debtors
40,000 
40,000 
Cash at bank and in hand
835,484 
955,307 
941,509 
1,064,734 
Creditors: amounts falling due within one year
(271,649)
(268,212)
Net current assets
669,860 
796,522 
Total assets less current liabilities
1,796,464 
1,719,678 
Provisions for liabilities
Deferred tax
(1,700)
(1,700)
Net assets
1,794,764 
1,717,978 
Capital and reserves
Called up share capital
3,000 
3,000 
Profit and loss account
1,791,764 
1,714,978 
Shareholders' funds
1,794,764 
1,717,978 
For the year ending 31 January 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by
J D Harrison Director Company Registration No. 1113961
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Speedwell Cavern Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Speedwell Cavern Limited is a private company, limited by shares, registered in England and Wales, registration number 1113961. The registered office is Speedwell Cavern, Castleton, Hope Valley, Derbyshire, S33 8WA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5%
Plant & machinery
15%
Motor vehicles
15%
Fixtures & fittings
15%
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Speedwell Cavern Limited Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2024
696,188 
192,279 
9,700 
175,166 
1,073,333 
Additions
199,223 
- 
- 
22,893 
222,116 
At 31 January 2025
895,411 
192,279 
9,700 
198,059 
1,295,449 
Depreciation
At 1 February 2024
373,652 
49,291 
8,077 
169,157 
600,177 
Charge for the year
3,225 
14,299 
243 
901 
18,668 
At 31 January 2025
376,877 
63,590 
8,320 
170,058 
618,845 
Net book value
At 31 January 2025
518,534 
128,689 
1,380 
28,001 
676,604 
At 31 January 2024
322,536 
142,988 
1,623 
6,009 
473,156 
5
Investment property
2025 
£ 
Fair value at 1 February 2024
450,000 
At 31 January 2025
450,000 
Investment property is carried at fair value determined annually by the directors who have selected suitable valuation methods and inputs. The properties will be valued every 5 years by an external value. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings. The 2016 valuations were made by Saxton Mee on an open market value for existing use basis. The directors do not consider the value to be materially different at 31 January 2021. The original cost of the investment properties was £418777.00.
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
40,000 
40,000 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
20,925 
7,627 
Other creditors
10,147 
20,008 
Loans from directors
74,577 
74,577 
Accruals
166,000 
166,000 
271,649 
268,212 
8
Average number of employees
During the year the average number of employees was 25 (2024: 25).
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