REGISTERED NUMBER: 08619357 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st October 2025

for

Springfield Care Home Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs N M Daniels

REGISTERED OFFICE:

Springfield Care Home

Wylam Avenue

Darlington

DL1 2QA

REGISTERED NUMBER:

08619357 (England and Wales)

ACCOUNTANTS:

Dakoda Consult Limited

Sefton Park

Bells Hill

Stoke Poges

SL2 4JS

FIXED ASSETS

Tangible assets

4

287,664

1,065,013

Investments

5

10,000

-

Investment property

6

950,000

-

1,247,664

1,065,013

CURRENT ASSETS

Debtors

7

283,743

49,791

Cash at bank and in hand

300,995

148,682

584,738

198,473

CREDITORS

Amounts falling due within one year

8

179,358

128,793

NET CURRENT ASSETS

405,380

69,680

TOTAL ASSETS LESS CURRENT LIABILITIES

1,653,044

1,134,693

CREDITORS

Amounts falling due after more than one year

9

(592,004

)

(367,107

)

PROVISIONS FOR LIABILITIES

12

(67,635

)

(24,472

)

NET ASSETS

993,405

743,114

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

13

146,606

-

Retained earnings

846,699

743,014

993,405

743,114

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

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

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st July 2026 and were signed by:

Mrs N M Daniels - Director

1.	STATUTORY INFORMATION

Springfield Care Home Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the 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.

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.

Plant and machinery etc

-

20% on cost and 15% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment loss.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Other investments

The company holds exchange-based tokens also known as cryptocurrencies for long-term investment purposes. These are accounted for as intangible assets and are presented within fixed asset investments in the balance sheet.

The currencies are measured initially at their sterling cost upon acquisition and subsequently revalued at each reporting date with any material adjustment being recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2024 - 55 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st November 2024

967,125

453,121

1,420,246

Additions

-

338

338

Reclassification/transfer

(754,525

)

-

(754,525

)

At 31st October 2025

212,600

453,459

666,059

DEPRECIATION

At 1st November 2024

-

355,233

355,233

Charge for year

-

23,162

23,162

At 31st October 2025

-

378,395

378,395

NET BOOK VALUE

At 31st October 2025

212,600

75,064

287,664

At 31st October 2024

967,125

97,888

1,065,013

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.10.25

31.10.24

£

£

Cryptocurrencies

10,000

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

195,475

Reclassification/transfer

754,525

At 31st October 2025

950,000

NET BOOK VALUE

At 31st October 2025

950,000

Fair value at 31st October 2025 is represented by:

£

Valuation in 2025

950,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

-

1,476

Amounts owed by associates

215,000

-

Other debtors

68,743

48,315

283,743

49,791

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

57,711

8,057

Hire purchase contracts (see note 10)

25,425

4,926

Trade creditors

12,394

3,251

Taxation and social security

67,432

94,652

Other creditors

16,396

17,907

179,358

128,793

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

592,004

341,682

Hire purchase contracts (see note 10)

-

25,425

592,004

367,107

Amounts falling due in more than five years:

Repayable by instalments

Bank loans long term

303,449

275,857

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.10.25

31.10.24

£

£

Net obligations repayable:

Within one year

25,425

4,926

Between one and five years

-

25,425

25,425

30,351

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loan

649,716

349,739

Hire purchase

25,425

-

675,141

349,739

National Westminster Bank Plc hold fixed and floating charges over the assets of the company dated 8th November 2018, 1st March 2019 and 1st March 2019.

Hire purchase agreements are secured by the assets to which they relate.

12.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

67,635

24,472

Deferred

tax

£

Balance at 1st November 2024

24,472

timing differences

(5,706

)

property revaluations

48,869

Balance at 31st October 2025

67,635

13.

RESERVES

Fair

value

reserve

£

Investment property

revaluation reserve

146,606

At 31st October 2025

146,606

14.	RELATED PARTY DISCLOSURES

At 31st October 2025 the company owed Mrs N M Daniels £2,054 (2024: £1,637).

During the period the company made advancements of £215,000 to Daniels Property Management Limited, a company under common control. The amount outstanding at 31st October 2025 was £215,000. No interest is being charged on this amount which is repayable upon demand.

15.	ULTIMATE CONTROLLING PARTY

The director considers that no one party has ultimate control.