Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 428,924 | 0 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 297,328 | 701,171 | |||
| Creditors: amounts falling due within one year | 5 | (
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(
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| Net current assets | 287,019 | 694,492 | ||
| Total assets less current liabilities | 715,943 | 694,492 | ||
| Net assets |
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| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of The Spring Housing Company Limited (registered number:
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Lord Rotherwick
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The Spring Housing Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Estate Office, Rangers Lodge, Cornbury Park, Charlbury, Oxon, OX7 3HL, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Investments are held in the financial information at their cost.
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Other investments | Total | ||
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| Cost or valuation before impairment | |||
| At 01 April 2024 |
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| Additions |
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| At 31 March 2025 |
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| Carrying value at 31 March 2025 |
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| Carrying value at 31 March 2024 |
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The Wychwood Trust holds the above investment as a bare trust for the company and therefore the investments and related gains and losses have been recognised within the results of the Company.
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| £ | £ | ||
| Amounts owed by connected persons |
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| Other debtors |
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| £ | £ | ||
| Accruals |
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| Corporation tax |
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Included within other debtors at the year end was £nil (2024: £1,020) owed by The Estates Trust - Lord Rotherwick's Fund, a trust of which the trustees are The Cornbury Estate Company Limited and The Cornbury Maintenance Company Limited, companies which are considered related parties by virtue of common control.
During the year, loans were made to The Estates Trust - Lord Rotherwick's Fund. After repayments, the net amount outstanding at the year end was £197,417 which includes interest of £2,274 calculated at a rate of 2.25%, being HMRC's official rate of interest. The loan has no set date for repayment.
The trustees of The Estates Trust - Lord Rotherwick's Fund own the share capital and are therefore the ultimate controlling parties.