REGISTERED NUMBER: 00394635 (England and Wales)

SPRING LANE FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

M S Spencer

C J Spencer

C H Spencer

D A Spencer

REGISTERED OFFICE:

Spring Lane Farm

Mapperley Plains

Nottingham

Nottinghamshire

NG3 5RQ

REGISTERED NUMBER:

00394635 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Property, plant and equipment

4

1,603,028

949,363

CURRENT ASSETS

Inventories

53,847

46,515

Debtors

5

6,120

42,290

Cash in hand

9,200

2,550

69,167

91,355

CREDITORS

Amounts falling due within one year

6

283,317

263,868

NET CURRENT LIABILITIES

(214,150

)

(172,513

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,388,878

776,850

CREDITORS

Amounts falling due after more than one year

7

614,587

80,000

NET ASSETS

774,291

696,850

CAPITAL AND RESERVES

Called up share capital

9

9,695

9,695

Share premium

34,185

34,185

Revaluation reserve

10

115,457

115,457

Capital redemption reserve

2,000

2,000

Retained earnings

612,954

535,513

SHAREHOLDERS' FUNDS

774,291

696,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

C J Spencer - Director

1.	STATUTORY INFORMATION

Spring Lane Farm 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the significant risks and rewards have passed to the customer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and that the costs incurred, or to be incurred, in respect of the transaction, can be measured reliably.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

no depreciation charged

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

No depreciation has been provided on freehold property. The directors consider that the lives of these buildings and their residual values are such that their depreciation is not significant.

Inventories

Inventories are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2025 - 26 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

824,342

498,867

1,323,209

Additions

349,451

357,207

706,658

At 31 March 2026

1,173,793

856,074

2,029,867

DEPRECIATION

At 1 April 2025

-

373,846

373,846

Charge for year

-

52,993

52,993

At 31 March 2026

-

426,839

426,839

NET BOOK VALUE

At 31 March 2026

1,173,793

429,235

1,603,028

At 31 March 2025

824,342

125,021

949,363

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

218

5,143

Other debtors

5,902

37,147

6,120

42,290

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

98,090

123,115

Hire purchase contracts

8,046

-

Trade creditors

111,012

94,632

Taxation and social security

44,808

6,729

Other creditors

21,361

39,392

283,317

263,868

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

600,000

80,000

Hire purchase contracts

14,587

-

614,587

80,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

600,000

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

600,000

100,000

There is a fixed and floating charge over all the assets of the company held by HSBC UK Bank Plc dated 3 December 2024.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

9,695

Ordinary

£1

9,695

9,695

10.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

115,457