Springfields Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Springfields Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01910644 . The registered office is 20 Lodwick, Shoeburyness, Southend On Sea, Essex, SS3 9HW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company is a member of a small group, where the parent of the group prepares publicly available consolidated financial statements, including this company.

The financial statements of the company are consolidated in the financial statements of Springfield Holdings Limited. These consolidated financial statements are available from its registered office address; 20 Lodwick Shoeburyness, Essex, SS3 9HW.

2.2. Turnover

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

Revenue is recognised when the principal contractual obligation is fulfilled, that is typically when a service user has received care services, which are usually provided on a daily basis.

2.3. Tangible Fixed Assets and Depreciation

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

Freehold	50 years based on cost/revalued amount
Fixtures & Fittings	10% on cost

A full year's depreciation is charged in the year an asset is purchased, and no depreciation is charged in the year of its disposal.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement.

2.4. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity 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.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

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.

All equity instruments regardless of significance, and other financial assets that are individually significant, 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.

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Springfields Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. 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 statement of financial position date.

2.6. Pensions

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.

2.7. Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Average Number of Employees

The average number of employees during the year was 87 (2024: 87)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 September 2024	2,500,000	55,022	2,555,022
Additions	-	14,449	14,449

As at 31 August 2025	2,500,000	69,471	2,569,471

Depreciation
As at 1 September 2024	-	54,484	54,484
Provided during the period	-	1,230	1,230

As at 31 August 2025	-	55,714	55,714

Net Book Value
As at 31 August 2025	2,500,000	13,757	2,513,757

As at 1 September 2024	2,500,000	538	2,500,538

Included in cost or valuation of land and buildings is freehold land of £1,500,000 (2024- £1,500,000) which is not depreciated.

Cost or valuation at 31 August 2025 is represented by:

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Springfields Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

	Freehold Property	Fixtures And Fittings	Totals
Valuation in 1988	252,107	-	252,107
Valuation in 1991	3,094	-	3,094
Valuation in 2011	700,000	-	700,000
Valuation in 2013	485,000	-	485,000
Valuation in 2022	15,000	-	15,000
Cost	1,044,799	55,022	1,099,821
	2,500,000	55,022	2,555,022

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

	2025	2024

Cost	1,044,799	1,044,799

Freehold land and buildings were valued on an open market basis on 31 August 2022 by the Director.

The Director is of the opinion that the carrying amount of freehold land and buildings reflect their fair value.

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	97,895	50,998
Amounts owed by group undertakings	38,506	104,506
Other debtors	3,314	14,545

	139,715	170,049

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	46,710	39,774
Other creditors	49,659	53,619
Taxation and social security	22,205	84,791

	118,574	178,184

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	960	960

8. Related Party Disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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Springfields Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Audit Information

The auditor's report on the accounts of Springfields Limited for the year ended 31 August 2025 was unqualified.

The auditor's report was signed by Jamil Raja (Senior Statutory Auditor) for and on behalf of Alderton Accountancy Limited , Statutory Auditor.

Alderton Accountancy Limited

962 Eastern Avenue

Newbury Park

Ilford Essex

IG2 7JD

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,513,757		2,500,538

			2,513,757		2,500,538
CURRENT ASSETS
Debtors	5	139,715		170,049
Cash at bank and in hand		11,222		56,853

		150,937		226,902
Creditors: Amounts Falling Due Within One Year	6	(118,574 )		(178,184 )

NET CURRENT ASSETS (LIABILITIES)			32,363		48,718

TOTAL ASSETS LESS CURRENT LIABILITIES			2,546,120		2,549,256

PROVISIONS FOR LIABILITIES
Deferred Taxation			(363,800 )		(363,800 )

NET ASSETS			2,182,320		2,185,456

CAPITAL AND RESERVES
Called up share capital	7		960		960
Revaluation reserve			1,096,326		1,096,326
Profit and Loss Account			1,085,034		1,088,170

SHAREHOLDERS' FUNDS			2,182,320		2,185,456