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Company Registration No. 11321561 (England and Wales)
Spring Homes (Lincoln) Limited Unaudited accounts for the year ended 30 April 2025
Spring Homes (Lincoln) Limited Unaudited accounts Contents
Page
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Spring Homes (Lincoln) Limited Company Information for the year ended 30 April 2025
Director
Matthew Spring
Company Number
11321561 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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Spring Homes (Lincoln) Limited Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
873 
1,091 
Investment property
144,500 
144,500 
145,373 
145,591 
Current assets
Cash at bank and in hand
4,684 
3,282 
Creditors: amounts falling due within one year
(6,703)
(6,185)
Net current liabilities
(2,019)
(2,903)
Net assets
143,354 
142,688 
Capital and reserves
Called up share capital
10 
10 
Capital contribution reserve
140,000 
140,000 
Profit and loss account
3,344 
2,678 
Shareholders' funds
143,354 
142,688 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 18 July 2025 and were signed on its behalf by
Matthew Spring Director Company Registration No. 11321561
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Spring Homes (Lincoln) Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Spring Homes (Lincoln) Limited is a private company, limited by shares, registered in England and Wales, registration number 11321561. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, UNITED KINGDOM.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply if and when the property is sold.
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:
Plant & machinery
20% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover from rental income is recognised by reference to the short hold tenancy agreements in place.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Spring Homes (Lincoln) Limited Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2024
2,000 
At 30 April 2025
2,000 
Depreciation
At 1 May 2024
909 
Charge for the year
218 
At 30 April 2025
1,127 
Net book value
At 30 April 2025
873 
At 30 April 2024
1,091 
5
Investment property
2025 
£ 
Fair value at 1 May 2024
144,500 
At 30 April 2025
144,500 
The property was purchased in Oct 2018 with consideration passing between the parties of £144,500 In terms of local valuation's dwellings are reporting in the region of 4.5% increases to April 2019. That said, we feel it prudent to leave the valuation at the original purchase price for this financial period due to Covid-19 and related issues, which may result in devaluations over the coming months. The decision to postpone any revaluation/devaluation as at the following periods: April 30th 2020 April 30th 2021 April 30th 2022. April 30th 2023 April 30th 2024 April 30th 2025 Consideration to revalue/devalue will be made at the next reporting period being April 30th 2026
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Loans from directors
6,163 
5,645 
Accruals
540 
540 
6,703 
6,185 
7
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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Spring Homes (Lincoln) Limited Notes to the Accounts for the year ended 30 April 2025
8
Capital commitments
2025 
2024 
£ 
£ 
At the approval date of these financial statements no further capital commitments had been authorized by the board.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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