Registration number: 05328238

Springfall Properties Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 4

Springfall Properties Limited

Statement of Financial Position as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,180,000	4,180,000
Current assets
Stocks		-	588,732
Debtors	5	5,938,353	6,136,125
Cash at bank and in hand		147,257	111,313
		6,085,610	6,836,170
Creditors: Amounts falling due within one year	6	(4,059,978)	(4,694,838)
Net current assets		2,025,632	2,141,332
Total assets less current liabilities		6,205,632	6,321,332
Creditors: Amounts falling due after more than one year	6	(955,000)	(932,500)
Net assets		5,250,632	5,388,832
Capital and reserves
Called up share capital		2	2
Revaluation reserve		1,612,644	1,612,644
Retained earnings		3,637,986	3,776,186
Shareholders' funds		5,250,632	5,388,832

For the financial year ending 31 August 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 19 May 2026 and signed on its behalf by:
 

......................................... Mrs Catherine Susan Broodryk Director

(Registration number: 05328238)

Springfall Properties Limited

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

1	General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Tregurnog House
St Brides Super Ely
Cardiff
CF5 6EZ

These financial statements were authorised for issue by the Board on 19 May 2026.

2	Accounting policies

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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Springfall Properties Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

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

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 September 2024	4,180,000	4,180,000
At 31 August 2025	4,180,000	4,180,000
Depreciation
Carrying amount
At 31 August 2025	4,180,000	4,180,000
At 31 August 2024	4,180,000	4,180,000

Included within the net book value of land and buildings above is £4,180,000 (2024 - £4,180,000) in respect of freehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	32,955	29,070
Other debtors	5,905,398	6,107,055
	5,938,353	6,136,125

Springfall Properties Limited

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

Included within 'Other debtors' is £5,846,352 (2024: £5,846,352) owed to the company by Withey Developments Limited, a company under common control of the directors.

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		27,500	70,000
Trade creditors		5,943	9,655
Taxation and social security		71,412	519,171
Accruals and deferred income		15,442	3,948
Other creditors		3,939,681	4,092,064
		4,059,978	4,694,838

Bank loans are secured by a fixed charge over the company's freehold properties. Included within 'Other creditors' is £11,866 (2024: £15,309) owed to the company's directors; £3,818,954 (2024: £4,035,684) owed to Withey Properties Limited and £108,861 (2024: £41,073) owed to GHR Developments Limited, companies under common control of the directors.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		955,000	932,500

Bank loans are secured by a fixed charge over the company's freehold properties.