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Company Registration No. NI684808 (Northern Ireland)
Springbank Holdings Limited Unaudited accounts for the year ended 31 January 2025
Springbank Holdings Limited Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Investments
4
388,598
348,162
Current assets
Cash at bank and in hand
4,787
2,148
Creditors: amounts falling due within one year
5
(1,275)
(5,200)
Net current assets/(liabilities)
3,512
(3,052)
Total assets less current liabilities
392,110
345,110
Provisions for liabilities
Deferred tax
6
(43,459)
(35,054)
Net assets
348,651
310,056
Capital and reserves
Called up share capital
7
30,691
30,691
Profit and loss account
317,960
279,365
Shareholders' funds
348,651
310,056
For the year ending 31 January 2025 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 8 October 2025 and were signed on its behalf by
Ian Stephen Neill Director Company Registration No. NI684808
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Springbank Holdings Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Springbank Holdings Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI684808. The registered office is Unit 2 Channel Wharf, 21 Old Channel Eoad, Belfast, Antrim, BT3 9DE, United Kingdom.
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.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be measured reliably. Turnover comprises dividend income received from investments.
Investments
Investments in shares are included at fair value with changes in fair value recognised through the profit and loss account.
Going concern
The director believes that the company Springbank Holdings Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investments
Other investments
£
Valuation at 1 February 2024
348,162
Additions
54,410
Fair value adjustments
11,437
Disposals
(25,411)
Valuation at 31 January 2025
388,598
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Springbank Holdings Limited Notes to the Accounts for the year ended 31 January 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
-
4,000
Accruals
1,275
1,200
1,275
5,200
6
Deferred taxation
2025
2024
£
£
Revaluation of investment property
43,459
35,054
2025
2024
£
£
Provision at start of year
35,054
38,533
Charged/(credited) to the profit and loss account
8,405
(3,479)
Provision at end of year
43,459
35,054
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
30,691 Ordinary shares of £1 each
30,691
30,691
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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