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REGISTERED NUMBER: 05922702 (England and Wales)















Financial Statements for the Year Ended 27 September 2024

for

Spring Blossom Developments Limited

Spring Blossom Developments Limited (Registered number: 05922702)






Contents of the Financial Statements
for the Year Ended 27 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Spring Blossom Developments Limited

Company Information
for the Year Ended 27 September 2024







DIRECTORS: Mrs J M Kelly
Mr S K Kelly
Mr M Kelly
Mrs J Cockerham





SECRETARY: Mr S K Kelly





REGISTERED OFFICE: The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW





REGISTERED NUMBER: 05922702 (England and Wales)

Spring Blossom Developments Limited (Registered number: 05922702)

Abridged Balance Sheet
27 September 2024

27.9.24 27.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,304 1,585
Investment property 5 2,370,000 1,921,485
2,371,304 1,923,070

CURRENT ASSETS
Stocks 732,436 692,625
Debtors 866 722
Cash at bank 13,700 42,313
747,002 735,660
CREDITORS
Amounts falling due within one year 19,001 22,316
NET CURRENT ASSETS 728,001 713,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,099,305

2,636,414

CREDITORS
Amounts falling due after more than one year (2,478,302 ) (2,466,603 )

PROVISIONS FOR LIABILITIES (85,466 ) -
NET ASSETS 535,537 169,811

CAPITAL AND RESERVES
Called up share capital 6 12 12
Fair value reserve 7 363,297 -
Retained earnings 172,228 169,799
SHAREHOLDERS' FUNDS 535,537 169,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 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.

Spring Blossom Developments Limited (Registered number: 05922702)

Abridged Balance Sheet - continued
27 September 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 27 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





Mrs J M Kelly - Director


Spring Blossom Developments Limited (Registered number: 05922702)

Notes to the Financial Statements
for the Year Ended 27 September 2024

1. STATUTORY INFORMATION

Spring Blossom 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 as modified by the revaluation of certain assets.

The financial statements are prepared in GBP sterling and are rounded to the nearest pound.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The financial statements are prepared on the going concern basis.

Spring Blossom Developments Limited (Registered number: 05922702)

Notes to the Financial Statements - continued
for the Year Ended 27 September 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 28 September 2023 6,687
Additions 599
At 27 September 2024 7,286
DEPRECIATION
At 28 September 2023 5,102
Charge for year 880
At 27 September 2024 5,982
NET BOOK VALUE
At 27 September 2024 1,304
At 27 September 2023 1,585

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 September 2023 2,043,933
Disposals (122,448 )
Revaluations 448,515
At 27 September 2024 2,370,000
DEPRECIATION
At 28 September 2023 122,448
Eliminated on disposal (122,448 )
At 27 September 2024 -
NET BOOK VALUE
At 27 September 2024 2,370,000
At 27 September 2023 1,921,485

Fair value at 27 September 2024 is represented by:
£   
Valuation in 2024 448,515
Cost 1,921,485
2,370,000

Spring Blossom Developments Limited (Registered number: 05922702)

Notes to the Financial Statements - continued
for the Year Ended 27 September 2024

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

27.9.24 27.9.23
£    £   
Cost 1,921,485 1,921,485

The investment properties were valued on an open market basis basis on 27 September 2024 by Mrs J M Kelly (Director) .

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 27.9.24 27.9.23
value: £    £   
12 Ordinary £1 12 12

7. RESERVES
Fair
value
reserve
£   
Fair value adjustment in the year 448,515
Deferred tax on the fair value adjustment in
the year

(85,218

)


At 27 September 2024 363,297

8. ULTIMATE CONTROLLING PARTY

Mr Michael and Mrs Josephine Kelly are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.