Registration number: 08158196

Springhill Residents Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Springhill Residents Ltd

Company Information

Directors

Mr Nicholas Ross Ms Veronika Demetriades

Registered office

Lower Springhill Solsbro Road Torquay Devon TQ2 3PF

Accountants

Neil Wilson Payroll & Book-Keeping Services Limited 42a Walnut Road Torquay Devon TQ2 6HS

Springhill Residents Ltd

(Registration number: 08158196)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	-	200
Cash at bank and in hand		4,029	2,666
		4,029	2,866
Creditors: Amounts falling due within one year	5	(45)	(105)
Net assets		3,984	2,761
Reserves
Retained earnings		3,984	2,761
Surplus		3,984	2,761

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 February 2026 and signed on its behalf by:
 

......................................... Mr Nicholas Ross Director

......................................... Ms Veronika Demetriades Director

Springhill Residents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Lower Springhill
Solsbro Road
Torquay
Devon
TQ2 3PF
England

These financial statements were authorised for issue by the Board on 25 February 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Springhill Residents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Debtors

Current	2025 £	2024 £
Trade debtors	-	200
	-	200

Springhill Residents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	260	360
Other creditors	(215)	(255)
	45	105

6	Related party transactions

Transactions with directors

2025	At 1 August 2024 £	Advances to director £	At 31 July 2025 £
Mr Nicholas Ross
Arrears on Management charges	720	60	780
Mrs Juliet Chappell
Loan from director	(465)	200	(265)

2024	At 1 August 2023 £	At 31 July 2024 £
Mr Nicholas Ross
Arrears on Management charges	720	720
Mrs Juliet Chappell
Loan from director	(465)	(465)