| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 MARCH 2023 TO 31 MARCH 2024 |
| FOR |
| THE INVESTMENT COLLABORATION |
| (SPRINGFIELD) LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 MARCH 2023 TO 31 MARCH 2024 |
| FOR |
| THE INVESTMENT COLLABORATION |
| (SPRINGFIELD) LTD |
| THE INVESTMENT COLLABORATION |
| (SPRINGFIELD) LTD (REGISTERED NUMBER: 14764562) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 MARCH 2023 TO 31 MARCH 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| THE INVESTMENT COLLABORATION |
| (SPRINGFIELD) LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 28 MARCH 2023 TO 31 MARCH 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 Kings Avenue |
| London |
| N21 3NA |
| THE INVESTMENT COLLABORATION |
| (SPRINGFIELD) LTD (REGISTERED NUMBER: 14764562) |
| STATEMENT OF FINANCIAL POSITION |
| 31 MARCH 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| THE INVESTMENT COLLABORATION |
| (SPRINGFIELD) LTD (REGISTERED NUMBER: 14764562) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 MARCH 2023 TO 31 MARCH 2024 |
| 1. | STATUTORY INFORMATION |
| The Investment Collaboration (Springfield) Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. |
| 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. |
| The directors consider that the market values of the properties as at year-end were as per the values stated in the financial statements. |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
| THE INVESTMENT COLLABORATION |
| (SPRINGFIELD) LTD (REGISTERED NUMBER: 14764562) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 28 MARCH 2023 TO 31 MARCH 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Cash and cash equivalent |
| Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. |
| Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL. |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 31 March 2024 |
| NET BOOK VALUE |
| At 31 March 2024 |
| The directors consider that the market values of the properties as at 31 March 2024 were as per the values stated in the financial statements. |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Bank loans |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Bank loans |
| The bank loan is secured by way of a negative pledge, a fixed charge and a floating charge over all the property or undertaking of the company. |
| THE INVESTMENT COLLABORATION |
| (SPRINGFIELD) LTD (REGISTERED NUMBER: 14764562) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 28 MARCH 2023 TO 31 MARCH 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| Included in the other creditors less than one year is an amount of £446,954 due to the connected companies with common directorship and shareholdings.Also, included is an amount of £63,867 due to the shareholders of the company.The loan was interest free and repayable on demand. |