REGISTERED NUMBER: OC437791 (England and Wales)

Financial Statements

for the Year Ended 5 April 2025

for

Springfield Capital LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

J R Grabiner

Mrs L S Chaya

REGISTERED OFFICE:

32 Springfield Road

London

NW8 0QN

REGISTERED NUMBER:

OC437791 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Investments

4

4,283,458

4,619,346

CURRENT ASSETS

Cash at bank

37,869

64,655

CREDITORS

Amounts falling due within one year

5

14,114

21,652

NET CURRENT ASSETS

23,755

43,003

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,307,213

4,662,349

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

80,639

217,856

MEMBERS' OTHER INTERESTS

Capital accounts

4,226,574

4,444,493

4,307,213

4,662,349

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

80,639

217,856

Members' other interests

4,226,574

4,444,493

4,307,213

4,662,349

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 December 2025 and were signed by:

J R Grabiner - Designated member

1.	STATUTORY INFORMATION

Springfield Capital LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Fixed asset investments comprise investments in listed and unlisted investments measured at fair value with changes in fair value being recognised in the income statement.

Members' capital

Initial capital contributions of each of the member are amounts as set out in the LLP deed. Further members shall contribute upon admission to the LLP such capital as determined by the Board.

No member can withdraw or receive back any part of their principal capital contribution except for in specific circumstances as detailed in the LLP agreement and approved by the Board. Members' principal capital is therefore classified as equity.

Profit allocations

Profit allocations are recognised in the year in which they are declared and become a present obligation of the LLP.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

investments

Totals

£

£

£

COST OR VALUATION

At 6 April 2024

4,471,840

147,506

4,619,346

Additions

3,255,503

3,474,607

6,730,110

Disposals

(3,348,454

)

(3,450,362

)

(6,798,816

)

Revaluations

(267,182

)

-

(267,182

)

At 5 April 2025

4,111,707

171,751

4,283,458

NET BOOK VALUE

At 5 April 2025

4,111,707

171,751

4,283,458

At 5 April 2024

4,471,840

147,506

4,619,346

Cost or valuation at 5 April 2025 is represented by:

Listed

Unlisted

investments

investments

Totals

£

£

£

Valuation in 2024

(107,881

)

-

(107,881

)

Cost

4,219,588

171,751

4,391,339

4,111,707

171,751

4,283,458

If the fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

4,391,157

4,460,044

The fixed asset investments were valued on an open market basis on 5 April 2025 by the investment managers .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

7,611

Accruals & deferred income

14,114

14,041

14,114

21,652

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

80,639

217,856

Falling due within one year

80,639

217,856

Loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the LLP.

7.	CONTINGENT LIABILITIES

At the year end the LLP had forward foreign exchange commitments of £883,594.