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Company Registration No. 14137713 (England and Wales)
Springstate Limited Unaudited accounts for the year ended 31 March 2025
Springstate Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Springstate Limited Company Information for the year ended 31 March 2025
Director
Mr R. Harris
Company Number
14137713 (England and Wales)
Registered Office
THE DOWNSHIRE, 71 BALDWINS LANE CROXLEY GREEN RICKMANSWORTH HERTS WD3 3LT UNITED KINGDOM
Accountants
Dempsey & Co The Downshire 71 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LT
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Springstate Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,301,664
2,274,864
Investment property
5
850,000
850,000
4,151,664
3,124,864
Current assets
Inventories
59,060
62,267
Debtors
6
23,000
83,750
Cash at bank and in hand
2,172,248
2,299,288
2,254,308
2,445,305
Creditors: amounts falling due within one year
7
(400,637)
(760,505)
Net current assets
1,853,671
1,684,800
Total assets less current liabilities
6,005,335
4,809,664
Creditors: amounts falling due after more than one year
8
(1,000,000)
-
Provisions for liabilities
Deferred tax
(95,868)
(49,221)
Net assets
4,909,467
4,760,443
Capital and reserves
Called up share capital
9
10,000
10,000
Share premium
4,576,632
4,576,632
Profit and loss account
322,835
173,811
Shareholders' funds
4,909,467
4,760,443
For the year ending 31 March 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 13 October 2025 and were signed on its behalf by
Mr R. Harris Director Company Registration No. 14137713
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Springstate Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Springstate Limited is a private company, limited by shares, registered in England and Wales, registration number 14137713. The registered office is THE DOWNSHIRE, 71 BALDWINS LANE, CROXLEY GREEN, RICKMANSWORTH, HERTS, WD3 3LT, 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 represents net takings exclusive of VAT, during the year.
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:
Land & buildings
1% straight line
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Investment Properties
In accordance with the SSAP 19, no depreciation is provided on investment properties, and they are included in the Balance Sheet at their open market value. This policy is contrary to the Companies Act 2006 but has been applied in order to give a true and fair view. Any aggregate surplus or deficit arising on revaluation is transferred to the investment revaluation reserve. Deficits on individual investment properties that are expected to be permanent are charged to the profit and loss account.
Stock
Stock is valued at the lower of cost and net realisable value. Stock is calculated using the first in first out method and consisting of material and direct labour cost, together with an appropriate proportion of production overheads.
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Springstate Limited Notes to the Accounts for the year ended 31 March 2025
Deferred taxation
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
These financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
2,384,200
1,541,791
22,190
3,948,181
Additions
784,168
392,748
-
1,176,916
Disposals
-
(14,824)
-
(14,824)
At 31 March 2025
3,168,368
1,919,715
22,190
5,110,273
Depreciation
At 1 April 2024
368,396
1,293,826
11,095
1,673,317
Charge for the year
29,703
107,039
5,548
142,290
On disposals
-
(6,998)
-
(6,998)
At 31 March 2025
398,099
1,393,867
16,643
1,808,609
Net book value
At 31 March 2025
2,770,269
525,848
5,547
3,301,664
At 31 March 2024
2,015,804
247,965
11,095
2,274,864
5
Investment property
2025
£
Fair value at 1 April 2024
850,000
At 31 March 2025
850,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
23,000
83,750
- 6 -
Springstate Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
110,377
43,161
Taxes and social security
105,601
117,998
Other creditors
9,750
33,977
Loans from directors
174,909
565,369
400,637
760,505
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,000,000
-
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
10
Transactions with related parties
The company was under the control of R. Harris Esq.
11
Average number of employees
During the year the average number of employees was 37 (2024: 37).
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