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Registered number: 11499288
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Springfield Eco Limited
Annual report - filing copy
31 October 2025
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Balance sheet
At 31 October 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 July 2026.
The notes on pages 2 to 5 form part of these financial statements.
Company registered number: 11499288
1
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Notes to the financial statements
Period ended 31 October 2025
Springfield Eco Limited (the 'company’) is a private company limited by shares incorporated in United Kingdom and registered in England and Wales. The address of its registered office is given in the company information page of this annual report.
The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (‘FRS 102’), and the Companies Act 2006.
3.Accounting policies
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 periods presented, unless otherwise stated.
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
These financial statements have been prepared on a going concern basis. They are presented in pounds sterling and rounded to the nearest pound.
The previous reporting period of 12 months from 1 May 2023 to 30 April 2024 is shorter compared to the current period, which is 18 months to 31 October 2025. As such, the comparative amounts presented in the financial statements are not directly comparable.
The company’s ultimate parent is Svella Plc. Part of the group’s strategy is to acquire controlling interests in underperforming or distressed businesses and assets and to implement a business improvement strategy by utilising its skills and know how to deliver returns for its shareholders.
The company meets its day to day working capital requirements through the financial and other support of its ultimate parent undertaking, the directors of which have confirmed their intention to continue to provide such support, including not seeking repayment of amounts due to it, for at least the next twelve months following approval of these financial statements and thereafter for the foreseeable future, until the company can reasonably afford to do so.
The group meets its day to day working capital requirements through its trading activity, further details of which are provided in the group financial statements. The group's financial forecasts and projections, having regard for reasonably possible changes in trading performance, show that the group is expected to have sufficient financial resources to enable it to continue meeting its liabilities as they fall due in the normal course of business, for at least the next twelve months following approval of these financial statements.
Notwithstanding net current liabilities of £2,561,079 and net liabilities of £2,561,079 at the balance sheet date, after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to prepare the financial statements on a going concern basis.
2
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Notes to the financial statements
Period ended 31 October 2025
3.Accounting policies (continued)
Revenue represents the total value of sales from new build properties, excluding value added tax, made during the period.
New build property sales are recognised in the profit and loss account when the significant risks and rewards have been transferred to the purchaser, which is on legal completion.
The taxation expense for the year comprises current and deferred tax and is recognised in the profit and loss account.
Current tax is the amount of income tax payable in respect of the taxable profit for the current or past reporting periods. It is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences arise from the inclusion of transactions and events in the financial statements in periods different from those in which they are assessed for tax.
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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items. Cost in relation to work in progress comprises direct materials and, where applicable, direct labour costs and those directly attributable overheads that have been incurred in bringing the stock to their present location and condition. Net realisable value represents the estimated selling price less estimated costs of completion and overheads.
The company only enters into basic financial instruments transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, cash and bank balances and amounts owed to and from group undertakings.
Debt instruments are initially measured, at the transaction price and subsequently measured at amortised cost using the effective interest method.
At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment charge is recognised in the profit and loss account.
Interest income is recognised in profit or loss using the effective interest method.
3
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Notes to the financial statements
Period ended 31 October 2025
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The company has no employees, other than the directors, who did not receive any remuneration (2024: £nil).
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Amounts owed to group undertakings represent unsecured, interest-free balances, repayable on demand. No guarantees have been given or received.
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Parent and ultimate parent undertaking
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The company is a subsidiary undertaking of Svella Infastructure Solutions Limited, Fifteen Montgomery Way, Rosehill Industrial Estate, Carlisle, CA1 2RW.
The smallest group in which the results of the company are consolidated is headed by Cubby Group Limited, a company registered in England and Wales.
The largest group in which the results of the company are consolidated is headed by Svella Plc, a company registered in England and Wales.
The consolidated financial statements of the group are available to the public and may be obtained from its registered address Fifteen Montgomery Way, Rosehill Industrial Estate, Carlisle, CA1 2RW.
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Notes to the financial statements
Period ended 31 October 2025
These accounts have been subject to audit, however under section 444 of the Companies Act 2006, the company has chosen not to file a copy of the profit and loss account (and related notes). Therefore, the audit report on the financial statements has also been removed for filing purposes.
The audit report was signed on 14 July 2026 by Peter Sym (Senior Statutory Auditor), for and on behalf of UNW LLP, Statutory Auditor, Newcastle upon Tyne. The audit report gave an unqualified opinion.
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