Spring Events 1 Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 15782836 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Spring Events 1 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W B Barroll Brown

Mr E C Copelin

Mr J R McCaffrey

Mr G L Petersen

REGISTERED OFFICE:

69 High Street

Bideford

Devon

EX39 2AT

REGISTERED NUMBER:

15782836 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

FIXED ASSETS

Tangible assets

5

2,468,869

2,485,492

CURRENT ASSETS

Stocks

5,000

8,500

Debtors

6

33,391

325,698

Cash at bank and in hand

37,265

353,708

75,656

687,906

CREDITORS

Amounts falling due within one year

7

413,701

714,315

NET CURRENT LIABILITIES

(338,045

)

(26,409

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,130,824

2,459,083

CREDITORS

Amounts falling due after more than one
year

8

1,185,000

NET ASSETS

945,824

1,274,083

CAPITAL AND RESERVES

Called up share capital

10

1,312,529

1,272,529

Retained earnings

(366,705

)

1,554

SHAREHOLDERS' FUNDS

945,824

1,274,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2026 and were signed on its behalf by:

Mr W B Barroll Brown - Director

1.	STATUTORY INFORMATION

Spring Events 1 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.	STATEMENT OF COMPLIANCE

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 Companies Act 2006. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% straight line and nil on land

Plant and machinery

-

20% straight line

Computer equipment

-

33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company has retained losses of £366,705 (2024 - retained earnings of £1,554). It also has net current liabilities of £338,045 (2024 - £26,409).The company cannot continue to make losses of this significance while still meeting its obligations as they fall due.

The company is reliant on the continuing financial support of its creditors and while there are no reasons to doubt that this support will continue, inherently there can be no certainty in relation to these matters. On this basis, and having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from an inability to meet obligations as they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 33 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

COST

At 1 January 2025

2,488,806

-

2,488,806

Additions

-

27,969

1,167

29,136

At 31 December 2025

2,488,806

27,969

1,167

2,517,942

DEPRECIATION

At 1 January 2025

3,314

-

3,314

Charge for year

39,776

5,594

389

45,759

At 31 December 2025

43,090

5,594

389

49,073

NET BOOK VALUE

At 31 December 2025

2,445,716

22,375

778

2,468,869

At 31 December 2024

2,485,492

-

2,485,492

Included in cost of freehold property is freehold land of £500,000 which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

33,391

325,698

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

15,037

21,248

Taxation and social security

8,899

10,075

Other creditors

389,765

682,992

413,701

714,315

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

1,185,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

1,185,000

Bank loans and overdrafts are secured by fixed and floating charges over the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,247,525

A Ordinary

£1

1,247,525

1

B Ordinary

£1

1

25,003

C Ordinary

£1

25,003

40,000

D Ordinary

£1

40,000

-

1,312,529

1,272,529

During the year the company issued 40,000 D Ordinary shares of £1 each for cash at par.

11.	CORRESPONDING AMOUNTS

These financial statements cover the year ended 31 December 2025. The comparative figures cover the period 16 June 2024 to 31 December 2024. Accordingly, the corresponding amounts may not be comparable as required by the provisions of FRS 102 Section 1A small entities.