ACCOUNTS - Final Accounts preparation

Company registration number: 01985569

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	SPRINGSHAW DEVELOPMENTS LTD.


SPRINGSHAW DEVELOPMENTS LTD.

COMPANY INFORMATION

Directors	D J A Elder
	D M Elder


Registered number	01985569


Registered office	41 Buckingham Way
	Wallington
	Surrey
	SM6 9LU


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


SPRINGSHAW DEVELOPMENTS LTD.

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


SPRINGSHAW DEVELOPMENTS LTD. REGISTERED NUMBER:01985569

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments		717,801		713,819
Investment property		1,505,541		1,753,500
		2,223,342		2,467,319
Current assets
Debtors: amounts falling due within one year	10		-
Cash at bank and in hand	257,054		104,009
	257,064		104,009
Creditors: amounts falling due within one year	(2,538)		(7,842)
Net current assets		254,526		96,167
Total assets less current liabilities		2,477,868		2,563,486
Provisions for liabilities
Deferred tax	(56,288)		(80,687)
		(56,288)		(80,687)
Net assets		2,421,580		2,482,799

Capital and reserves
Called up share capital	6,564	6,564
Share premium account	854,363	854,363
Investment property reserve	230,884	309,444
Profit and loss account	1,329,769	1,312,428
	2,421,580	2,482,799

Page 1


SPRINGSHAW DEVELOPMENTS LTD. REGISTERED NUMBER:01985569

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D J A Elder

Director

Date: 23 December 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


SPRINGSHAW DEVELOPMENTS LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	Statutory information

Springshaw Developments Ltd. is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Rental Income

Rental income is recognised on a straight-line basis over the year in which the rental relates.

2.4

Investment Income

Interest and dividend income is recognised in the profit and loss on a receivable basis.

Page 3


SPRINGSHAW DEVELOPMENTS LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4


SPRINGSHAW DEVELOPMENTS LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Fixed asset investments

	Listed investments	Unlisted investments	Total
	£	£	£
Cost or valuation
At 1 April 2024	593,849	119,970	713,819
Additions	190,557	-	190,557
Disposals	(181,204)	-	(181,204)
Revaluations	(5,371)	-	(5,371)
At 31 March 2025	597,831	119,970	717,801

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	1,753,500
	Additions at cost	19,141
	Disposals	(262,000)
	Deficit on revaluation	(5,100)
	At 31 March 2025	1,505,541

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Debtors

					2025	2024
					£	£


Other debtors	10	-
	10	-

Page 5


SPRINGSHAW DEVELOPMENTS LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	-	5,842
Accruals and deferred income	2,538	2,000
	2,538	7,842

Page 6