EVERGLEN (SPRING GARDENS) LIMITED

Company Registration Number:
11310239 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

EVERGLEN (SPRING GARDENS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

EVERGLEN (SPRING GARDENS) LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 27,713,515 25,917,515
Total fixed assets: 27,713,515 25,917,515
Current assets
Debtors:   1 1
Cash at bank and in hand: 2,116 4,097
Total current assets: 2,117 4,098
Creditors: amounts falling due within one year:   (17,130) (11,430)
Net current assets (liabilities): (15,013) (7,332)
Total assets less current liabilities: 27,698,502 25,910,183
Creditors: amounts falling due after more than one year: 4 (31,910,391) (28,608,254)
Total net assets (liabilities): (4,211,889) (2,698,071)
Capital and reserves
Called up share capital: 1 1
Share premium account: 2,275,624 2,275,624
Profit and loss account: (6,487,514) (4,973,696)
Shareholders funds: (4,211,889) (2,698,071)

The notes form part of these financial statements

EVERGLEN (SPRING GARDENS) LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 August 2025
and signed on behalf of the board by:

Name: Shaun Budlender
Status: Director

The notes form part of these financial statements

EVERGLEN (SPRING GARDENS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EVERGLEN (SPRING GARDENS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

EVERGLEN (SPRING GARDENS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed investments

Fixed investments are loans provided to Everinvest Limited Partnership. They are not interest bearing and are repayable on demand.

EVERGLEN (SPRING GARDENS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due after more than one year note

The period end non-current liabilities include an amount of £31,910,391 relating to two loans and accrued finance costs provided by non-related entities. These loans bear interest at 5% and are repayable on such dates determined by the Lenders.

EVERGLEN (SPRING GARDENS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Financial commitments

The company acts as an investor in a limited partnership established in England and Wales. A bank loan is secured against the group assets by way of various mortgages and charges. A charge is registered under a cross guarantee agreement with Everglen (Spring Gardens) Limited.