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Company Registration No. 14137713 (England and Wales)
Springstate Limited Unaudited accounts for the year ended 31 March 2026
Springstate Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Springstate Limited Company Information for the year ended 31 March 2026
Directors
Mr R. Harris Mr J. L. Harris Mr R. C. Harris
Company Number
14137713 (England and Wales)
Registered Office
THE DOWNSHIRE, 71 BALDWINS LANE CROXLEY GREEN RICKMANSWORTH HERTS WD3 3LT UNITED KINGDOM
Accountants
Dempsey & Co The Downshire 71 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LT
- 3 -
Springstate Limited Statement of financial position as at 31 March 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,024,036 
3,301,664 
Investment property
5
- 
850,000 
4,024,036 
4,151,664 
Current assets
Inventories
49,365 
59,060 
Debtors
6
23,000 
23,000 
Cash at bank and in hand
2,485,640 
2,172,248 
2,558,005 
2,254,308 
Creditors: amounts falling due within one year
7
(492,478)
(400,637)
Net current assets
2,065,527 
1,853,671 
Total assets less current liabilities
6,089,563 
6,005,335 
Creditors: amounts falling due after more than one year
8
(800,000)
(1,000,000)
Provisions for liabilities
Deferred tax
(95,868)
(95,868)
Net assets
5,193,695 
4,909,467 
Capital and reserves
Called up share capital
9
10,000 
10,000 
Share premium
4,576,632 
4,576,632 
Profit and loss account
607,063 
322,835 
Shareholders' funds
5,193,695 
4,909,467 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 28 September 2026 and were signed on its behalf by
Mr R. Harris Director Company Registration No. 14137713
- 4 -
Springstate Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Springstate Limited is a private company, limited by shares, registered in England and Wales, registration number 14137713. The registered office is THE DOWNSHIRE, 71 BALDWINS LANE, CROXLEY GREEN, RICKMANSWORTH, HERTS, WD3 3LT, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents net takings exclusive of VAT, during the year.
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:
Land & buildings
1% straight line
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Investment Properties
In accordance with the SSAP 19, no depreciation is provided on investment properties, and they are included in the Balance Sheet at their open market value. This policy is contrary to the Companies Act 2006 but has been applied in order to give a true and fair view. Any aggregate surplus or deficit arising on revaluation is transferred to the investment revaluation reserve. Deficits on individual investment properties that are expected to be permanent are charged to the profit and loss account.
Stock
Stock is valued at the lower of cost and net realisable value. Stock is calculated using the first in first out method and consisting of material and direct labour cost, together with an appropriate proportion of production overheads.
- 5 -
Springstate Limited Notes to the Accounts for the year ended 31 March 2026
Deferred taxation
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
These financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2025
3,168,368 
1,919,715 
22,190 
5,110,273 
Additions
256,596 
714,899 
- 
971,495 
Disposals
(33,377)
(5,750)
- 
(39,127)
At 31 March 2026
3,391,587 
2,628,864 
22,190 
6,042,641 
Depreciation
At 1 April 2025
398,099 
1,393,867 
16,643 
1,808,609 
Charge for the year
31,916 
211,660 
5,547 
249,123 
On disposals
- 
(5,750)
- 
(5,750)
On transfers from investment property
(33,377)
- 
- 
(33,377)
At 31 March 2026
396,638 
1,599,777 
22,190 
2,018,605 
Net book value
At 31 March 2026
2,994,949 
1,029,087 
- 
4,024,036 
At 31 March 2025
2,770,269 
525,848 
5,547 
3,301,664 
5
Investment property
2026 
£ 
Fair value at 1 April 2025
850,000 
Disposals
(850,000)
At 31 March 2026
- 
During the year the company sold a investments property recognised the loss on disposal of 110k During the year the company reclassified an investment property as a PPE.
- 6 -
Springstate Limited Notes to the Accounts for the year ended 31 March 2026
6
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Other debtors
23,000 
23,000 
7
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Trade creditors
40,731 
110,377 
Taxes and social security
127,116 
105,601 
Other creditors
10,359 
9,750 
Loans from directors
314,272 
174,909 
492,478 
400,637 
8
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Loans from directors
800,000 
1,000,000 
9
Share capital
2026 
2025 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000 
10,000 
10
Average number of employees
During the year the average number of employees was 37 (2025: 37).
- 7 -