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
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
Speedwell Cavern Limited
Statement of financial position
as at 31 January 2025
Tangible assets
676,604
473,156
Investment property
450,000
450,000
Cash at bank and in hand
835,484
955,307
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
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
Speedwell Cavern Limited
Notes to the Accounts
for the year ended 31 January 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
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
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.
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
8
Average number of employees
During the year the average number of employees was 25 (2024: 25).