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REGISTERED NUMBER: 11646760 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Springbourne Hornsey Rise Limited

Springbourne Hornsey Rise Limited (Registered number: 11646760)

Contents of the Financial Statements

for the Year Ended 31 May 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Springbourne Hornsey Rise Limited

Company Information

for the Year Ended 31 May 2024

| DIRECTOR: | A C Burr

| REGISTERED OFFICE: | First Floor

| 7 Marina Court

| Maple Drive

| Hinckley

| LE10 3BF

| REGISTERED NUMBER: | 11646760 (England and Wales)

| ACCOUNTANTS: | Gopsall Services Limited

| First Floor

| 7 Marina Court

| Maple Drive

| Hinckley

| LE10 3BF

Springbourne Hornsey Rise Limited (Registered number: 11646760)

Balance Sheet

31 May 2024

| 31.5.24 |  | 31.5.23

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 1,064,165 |  | 1,047,586 |  |

Debtors | 4 | 4,629 |  | - |  |

Cash at bank | 1,252 |  | 117 |  |

1,070,046 |  | 1,047,703 |  |

CREDITORS

Amounts falling due within one year | 5 | 907,366 |  | 871,892 |  |

NET CURRENT ASSETS | 162,680 |  | 175,811 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 162,680 |  | 175,811 |  |

CAPITAL AND RESERVES

Called up share capital | 3 |  | 3 |  |

Retained earnings | 162,677 |  | 175,808 |  |

SHAREHOLDERS' FUNDS | 162,680 |  | 175,811 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 4 September 2025 and were signed by:

A C Burr - Director

Springbourne Hornsey Rise Limited (Registered number: 11646760)

Notes to the Financial Statements

for the Year Ended 31 May 2024

1. | STATUTORY INFORMATION

| Springbourne Hornsey Rise 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

| The place of business address is 1st Floor Bosworth Marina, Carlton Road, Market Bosworth, Nuneaton, Warwickshire, CV13 6PG.

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.

| Going concern

| The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of the approval of the financial statements.

| The directors have concluded that there are no material uncertainties about the company's ability to continue as a going concern and they are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in the preparation of the financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Stock and work in progress

| 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 a relevant proportion of overheads in bringing stocks to their present location and condition.

| Interest and overheads are capitalised into work in progress when the following three conditions are present:

| a. Expenditures for the asset have been made.

| b. Activities that are necessary to get the asset ready for its intended use are in progress.

| c. Interest cost is being incurred.

| Interest capitalisation shall continue as long as those three conditions are present.

| 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.

Springbourne Hornsey Rise Limited (Registered number: 11646760)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. | EMPLOYEES AND DIRECTORS

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

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.24 |  | 31.5.23

£ | £ |

| Other debtors | 4,629 |  | - |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.24 |  | 31.5.23

£ | £ |

| Bank loans and overdrafts | 303,750 |  | - |  |

| Trade creditors | 7,567 |  | - |  |

| Amounts owed to group undertakings | 532,265 |  | 721,879 |  |

| Taxation and social security | 59,011 |  | 146,013 |  |

| Other creditors | 4,773 |  | 4,000 |  |

907,366 |  | 871,892 |  |

6. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.24 |  | 31.5.23

£ | £ |

| Bank loans | 303,750 |  | - |  |

| Bank loans comprises loans which have been secured over assets of the company.

| Charges are held by by Goldentree Financial Services PLC and Garhill Limited, further details can be found on companies house.

7. | CAPITALISATION OF BORROWING COSTS

| Borrowing costs that relate to property are capitalised as Work-in-Progress and released upon sale of the property. These costs amounted to £13,509 (2023 - £22,372).