Springfield (Heversham) Management Company Limited 31/03/2025 iXBRL

Company registration number: 02202871

Springfield (Heversham) Management Company Limited

Unaudited filleted financial statements

31 March 2025

Springfield (Heversham) Management Company Limited

Contents

Directors and other information

Accountant's report

Statement of financial position

Notes to the financial statements

Springfield (Heversham) Management Company Limited

Directors and other information


	Directors	Mr Nicholas Sweeney
		Mrs Carol Tailford


	Secretary	Mr M Fraser


	Company number	02202871


	Registered office	Flat 6 Springfield
		Heversham
		Milnthorpe
		Cumbria
		LA7 7EJ


	Accountant	Murray & Co
		2 Gillison Close
		Melling
		Carnforth
		Lancs
		LA6 2RD

Springfield (Heversham) Management Company Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Springfield (Heversham) Management Company Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Springfield (Heversham) Management Company Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Springfield (Heversham) Management Company Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Springfield (Heversham) Management Company Limited and state those matters that we have agreed to state to the board of directors of Springfield (Heversham) Management Company Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Springfield (Heversham) Management Company Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Springfield (Heversham) Management Company 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 Springfield (Heversham) Management Company Limited. You consider that Springfield (Heversham) Management Company Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Springfield (Heversham) Management Company Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Murray & Co

Chartered Certified Accountants

2 Gillison Close

Melling

Carnforth

Lancs

LA6 2RD

24 December 2025

Springfield (Heversham) Management Company Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Current assets
Debtors	4	2,648		2,499
Cash at bank and in hand		4,191		3,914
		_______		_______
		6,839		6,413
Creditors: amounts falling due
within one year	5	( 360)		( 360)
		_______		_______
Net current assets			6,479		6,053
			_______		_______
Total assets less current liabilities			6,479		6,053

			_______		_______
Net assets			6,479		6,053
			_______		_______

Capital and reserves
Called up share capital			6		6
Profit and loss account			6,473		6,047
			_______		_______
Shareholders funds			6,479		6,053
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

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.

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr Nicholas Sweeney

Director

Company registration number: 02202871

Springfield (Heversham) Management Company Limited

Notes to the financial statements

Year ended 31 March 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 Flat 6 Springfield, Heversham, Milnthorpe, Cumbria, LA7 7EJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	2025	2024
	£	£
Other debtors	2,648	2,499
	_______	_______

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	360	360
	_______	_______