Company Registration No. 11321561 (England and Wales)
Spring Homes (Lincoln) Limited
Unaudited accounts
for the year ended 30 April 2026
Spring Homes (Lincoln) Limited
Unaudited accounts
Contents
Spring Homes (Lincoln) Limited
Company Information
for the year ended 30 April 2026
Company Number
11321561 (England and Wales)
Registered Office
112-113 High Street
LINCOLN
LN5 7PY
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
Spring Homes (Lincoln) Limited
Statement of financial position
as at 30 April 2026
Investment property
144,500
144,500
Cash at bank and in hand
2,668
4,684
Creditors: amounts falling due within one year
(4,728)
(6,703)
Net current liabilities
(2,060)
(2,019)
Net assets
144,338
143,354
Called up share capital
10
10
Capital contribution reserve
140,000
140,000
Profit and loss account
4,328
3,344
Shareholders' funds
144,338
143,354
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 July 2026 and were signed on its behalf by
Matthew Spring
Director
Company Registration No. 11321561
Spring Homes (Lincoln) Limited
Notes to the Accounts
for the year ended 30 April 2026
Spring Homes (Lincoln) Limited is a private company, limited by shares, registered in England and Wales, registration number 11321561. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply if and when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Turnover from rental income is recognised by reference to the short hold tenancy agreements in place.
Spring Homes (Lincoln) Limited
Notes to the Accounts
for the year ended 30 April 2026
4
Tangible fixed assets
Plant & machinery
Fair value at 1 May 2025
144,500
The property was purchased in Oct 2018 with consideration passing between the parties of £144,500
In terms of local valuation's dwellings are reporting in the region of 4.5% increases to April 2019.
That said, we feel it prudent to leave the valuation at the original purchase price for this financial period due to Covid-19 and related issues, which may result in devaluations over the coming months.
The decision to postpone any revaluation/devaluation as at the following periods:
April 30th 2020
April 30th 2021
April 30th 2022.
April 30th 2023
April 30th 2024
April 30th 2025
April 30th 2026
Consideration to revalue/devalue will be made at the next reporting period being
April 30th 2027
6
Creditors: amounts falling due within one year
2026
2025
Loans from directors
4,188
6,163
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Spring Homes (Lincoln) Limited
Notes to the Accounts
for the year ended 30 April 2026
8
Capital commitments
2026
2025
At the approval date of these financial statements no further capital commitments had been authorized by the board.
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).