Spring Garden Bristol Ltd - Filleted accounts

Registered number

08125570

Spring Garden Bristol Ltd

Filleted Accounts

31 March 2025

Spring Garden Bristol Ltd
Registered number:		08125570
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		7,623,914			7,623,914

Current assets
Debtors	4	42,542			46,146
Cash at bank and in hand		273,335			171,220
		315,877			217,366

Creditors: amounts falling due within one year	5	(1,474,143)			(1,499,854)

Net current assets			(1,158,266)			(1,282,488)

Total assets less current liabilities			6,465,648			6,341,426

Creditors: amounts falling due after more than one year	6		(4,250,119)			(4,250,119)

Provisions for liabilities			(61,337)			(61,337)


Net assets			2,154,192			2,029,970

Capital and reserves
Called up share capital			100			100
Revaluation reserve	7		295,819			295,819
Profit and loss account			1,858,273			1,734,051

Shareholders' funds			2,154,192			2,029,970

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




B TOUSSIMANESH
Director
Approved by the board on 15 August 2025

Spring Garden Bristol Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
£			£		£
	Cost
	At 1 April 2024	10		7,623,904		7,623,914

	At 31 March 2025	10		7,623,904		7,623,914


4	Debtors			2025		2024
£					£

	Trade debtors			650		-
	Other debtors			41,892		46,146
				42,542		46,146


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			60,673		29,926
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			1,362,548		1,412,548
	Taxation and social security costs			42,000		51,000
	Other creditors			8,922		6,380
				1,474,143		1,499,854


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			4,250,119		4,250,119


7	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			295,819		295,819

	At 31 March 2025			295,819		295,819


8	Other information

	Spring Garden Bristol Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	5-6 Clifton Down Road
	Clifton
	Bristol
	BS8 4AG


9	Related party creditors
		Parent		Subsidiary		Total
£			£		£
	At 31 July 2023	1,912,538		10		1,912,548
	Advanced	-		-		-
	Repaid	500,000		-		500,000
	At 31 March 2025	1,412,538		10		1,412,548

	At 31 July 2022	1,912,538		10		1,912,548
	Advanced	-		-		-
	Repaid	-		-		-
	At 31 July 2023	1,912,538		10		1,912,548

	Terms of loans with related parties
	All loans with related parties are repayable on demand and are interest free.



10	Parent and ultimate parent undertaking

	The company's immediate parent is 2C Homes Limited, incorporated in Engalnd and Wales. The company's financial statements are available on request from 5-6 Clifton Dwon Road. BS8 4AG

11	Investments in subsidiaries
				2025		2024
£					£
	Investments in subsidiaries			10		10


	Cost or valuation
	At 1 August 2023					10
	At 31 March 2024			10		10
	At 31 March 2025			10

	Carrying amount
	At 1 August 2023					10
	At 31 March 2024			10		10
	At 31 March 2025			10

	The subsidiary undertaking is Charlton Park House Management Bristol Ltd.
	It was incorporated in England & Wales, and its registered office is 5-6 Clifton Down Road.
	The investment comprises 100% of the voting rights and shares of the subsidary.
	The subsidiary is currently dormant.


12	Loans and borrowings
				2025		2024
£					£

	Current loans and borrowings
	Bank borrowings			-		56,514

	Non-current loans and borrowings
	Bank borrowings			4,250,119		3,773,012

	Bank loans are denominated in British pound Sterling with nominal interest rates between 2.78%
	and 5.00%. The carrying amounts of all bank loans is £4,250,119 (2024 £3,829,526).
	The bank has fixed and floating charges over all the company's assets.