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COMPANY REGISTRATION NUMBER: 15970025
Springwell Properties (Chesterfield) Limited
Filleted Unaudited Financial Statements
30 September 2025
Springwell Properties (Chesterfield) Limited
Financial Statements
Period from 20 September 2024 to 30 September 2025
Contents
Pages
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 5
Springwell Properties (Chesterfield) Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Springwell Properties (Chesterfield) Limited
Period from 20 September 2024 to 30 September 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Springwell Properties (Chesterfield) Limited for the period ended 30 September 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Springwell Properties (Chesterfield) Limited in accordance with the terms of our engagement letter dated 3 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Springwell Properties (Chesterfield) Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Springwell Properties (Chesterfield) Limited and its director for our work or for this report.
It is your duty to ensure that Springwell Properties (Chesterfield) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Springwell Properties (Chesterfield) Limited. You consider that Springwell Properties (Chesterfield) Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Springwell Properties (Chesterfield) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES Chartered accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
8 December 2025
Springwell Properties (Chesterfield) Limited
Statement of Financial Position
30 September 2025
30 Sep 25
Note
£
Fixed assets
Investments
5
1,090,850
Current assets
Debtors
6
26,420
Cash at bank and in hand
21,904
--------
48,324
Creditors: amounts falling due within one year
7
1,123,504
------------
Net current liabilities
1,075,180
------------
Total assets less current liabilities
15,670
--------
Net assets
15,670
--------
Capital and reserves
Called up share capital
100
Profit and loss account
15,570
--------
Shareholders funds
15,670
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Springwell Properties (Chesterfield) Limited
Statement of Financial Position (continued)
30 September 2025
These financial statements were approved by the board of directors and authorised for issue on 5 December 2025 , and are signed on behalf of the board by:
T C Kelly
Director
Company registration number: 15970025
Springwell Properties (Chesterfield) Limited
Notes to the Financial Statements
Period from 20 September 2024 to 30 September 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Walton House, Matlock Road, Chesterfield, Derbyshire, S42 7LD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable by way of rental income from investment property.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Investments
Investment property
£
Cost
At 20 September 2024
–
Additions
1,090,850
------------
At 30 September 2025
1,090,850
------------
Impairment
At 20 September 2024 and 30 September 2025
–
------------
Carrying amount
At 30 September 2025
1,090,850
------------
6. Debtors
30 Sep 25
£
Trade debtors
26,142
Other debtors
278
--------
26,420
--------
7. Creditors: amounts falling due within one year
30 Sep 25
£
Trade creditors
9,477
Corporation tax
3,652
Social security and other taxes
157
Other creditors
1,110,218
------------
1,123,504
------------
8. Related party transactions
Included within other creditors is an amount of £1,096,564 owed to the director at the year end, which relates to the cost of introducing the investment properties and related expenses incurred by the director during the year. This loan is repayable on demand and no interest has been charged to the company on this loan.