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Company Registration No. 08295918 (England and Wales)
Springfield Property Services Limited Unaudited accounts for the year ended 31 December 2024
Springfield Property Services Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Springfield Property Services Limited Company Information for the year ended 31 December 2024
Director
Callum Mark Northridge
Company Number
08295918 (England and Wales)
Registered Office
1 Duffield Road Derby DE1 3BB England
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Springfield Property Services Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
101,346 
151,858 
Investment property
5
1,750,000 
976,395 
1,851,346 
1,128,253 
Current assets
Cash at bank and in hand
3,777 
1,458 
Creditors: amounts falling due within one year
6
(309,016)
(151,846)
Net current liabilities
(305,239)
(150,388)
Total assets less current liabilities
1,546,107 
977,865 
Creditors: amounts falling due after more than one year
7
(298,391)
(410,402)
Net assets
1,247,716 
567,463 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
677,942 
- 
Profit and loss account
569,773 
567,462 
Shareholders' funds
1,247,716 
567,463 
For the year ending 31 December 2024 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 12 September 2025 and were signed on its behalf by
Callum Mark Northridge Director Company Registration No. 08295918
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Springfield Property Services Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Springfield Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08295918. The registered office is 1 Duffield Road, Derby, DE1 3BB, England.
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.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
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 when the property is sold.
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Springfield Property Services Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
43,415 
160,494 
2,987 
206,896 
Disposals
(43,415)
- 
(2,987)
(46,402)
At 31 December 2024
- 
160,494 
- 
160,494 
Depreciation
At 1 January 2024
28,578 
25,366 
1,094 
55,038 
Charge for the year
- 
33,782 
- 
33,782 
On disposals
(28,578)
- 
(1,094)
(29,672)
At 31 December 2024
- 
59,148 
- 
59,148 
Net book value
At 31 December 2024
- 
101,346 
- 
101,346 
At 31 December 2023
14,837 
135,128 
1,893 
151,858 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
976,395 
Additions
29,553 
Net gain from fair value adjustments
744,052 
At 31 December 2024
1,750,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,368 
- 
Obligations under finance leases and hire purchase contracts
95,860 
- 
Other creditors
- 
151,046 
Loans from directors
211,613 
- 
Accruals
- 
800 
Deferred income
175 
- 
309,016 
151,846 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
298,391 
- 
Other creditors
- 
410,402 
298,391 
410,402 
8
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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