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REGISTERED NUMBER: OC438022

Springthorpe Developments LLP

Filleted Unaudited Financial Statements

For the year ended

30 June 2025

Springthorpe Developments LLP

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £

Current assets

Stocks | 148,027 | 148,027
Debtors | 4 | 1,918 | 1,813
Cash at bank and in hand | 4,514 | 4,514
| --------- | ---------
| 154,459 | 154,354

Creditors: amounts falling due within one year | 5 | 154,460 | 154,354
| --------- | ---------
Net current liabilities | 1 | –
| ---- | ----
Total assets less current liabilities | ( 1) | –
| ---- | ----
Net liabilities | ( 1) | –
| ---- | ----

Represented by:
Loans and other debts due to members

Other amounts | – | –
| ---- | ----

Members' other interests

Other reserves | – | –
| ---- | ----
| – | –
| ---- | ----

Total members' interests

Amounts due from members | (1,918) | (1,557)
Loans and other debts due to members | – | –
Members' other interests | – | –
| ------- | -------
| (1,918) | (1,557)
| ------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' 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 (as applied to LLPs), the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

Springthorpe Developments LLP

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the members and authorised for issue on 18 March 2026 , and are signed on their behalf by:

S P Gelder
Designated Member

Registered number: OC438022

Springthorpe Developments LLP

Notes to the Financial Statements

Year ended 30 June 2025

1. | General information

The LLP is registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW.

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', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3. | Accounting policies

Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of income and retained earnings in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of income and retained earnings and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of income and retained earnings within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. | Debtors

| 2025 | 2024
| £ | £
Other debtors | 1,918 | 1,813
| ------- | -------

5. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 56 | 94
Other creditors | 154,404 | 154,260
| --------- | ---------
| 154,460 | 154,354
| --------- | ---------