Springlake Developments Limited

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2—3

Registered number: NI054084

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks		9,802,196		9,788,695
Debtors		535,312		559,389
Cash at bank and in hand		26,500		6,767

		10,364,008		10,354,851
Creditors: Amounts Falling Due Within One Year		(3,670 )		(1,450 )

NET CURRENT ASSETS (LIABILITIES)			10,360,338		10,353,401

TOTAL ASSETS LESS CURRENT LIABILITIES			10,360,338		10,353,401

NET ASSETS			10,360,338		10,353,401

CAPITAL AND RESERVES
Called up share capital	4		1,010		1,010
Profit and Loss Account			10,359,328		10,352,391

SHAREHOLDERS' FUNDS			10,360,338		10,353,401

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Steven Elliott

Director

21/09/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Springlake Developments Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI054084 . The registered office is 19 Church Road, Portadown, Co. Armagh, BT63 5HT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on dispatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

2.3. Stocks and Work in Progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Inventories, including land, are measured at the lower of cost and estimated selling price less costs to complete and sell.

Cost is based on the weighted average principle and includes all costs of production, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

2.4. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	950	950
Called Up Share Capital has been paid up	60	60

Amount of Allotted, Called Up Share Capital	1,010	1,010

5. Ultimate Controlling Party

The company is controlled by Pincap Limited , a company incorporated on the Isle of Man, by way of 100% shareholding. Group accounts for this company are not available to the public.

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Springlake Developments Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

6. Audit Information

The auditor's report on the accounts of Springlake Developments Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by James Robinson FCCA (Senior Statutory Auditor) for and on behalf of WHR Accountants Ltd , Statutory Auditor.

WHR Accountants Ltd

Chartered Certified Accountants

56 Upper English Street

Armagh

Co. Armagh

BT61 7LG

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