Springvale Park Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06924103 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Springvale Park Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

J N Bloom

REGISTERED OFFICE:

c/o Charnwood Accountants

The Point, Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

BUSINESS ADDRESS:

Springvale Farm

Springvale Road

Bevercotes

Newark

Nottinghamshire

NG22 0BT

REGISTERED NUMBER:

06924103 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Tangible assets

3

1,362,610

1,302,166

Investments

4

100

100

1,362,710

1,302,266

CURRENT ASSETS

Stocks

5,865

5,225

Debtors

5

138,072

179,167

Cash at bank and in hand

13,280

2,071

157,217

186,463

CREDITORS

Amounts falling due within one year

6

117,432

89,921

NET CURRENT ASSETS

39,785

96,542

TOTAL ASSETS LESS CURRENT LIABILITIES

1,402,495

1,398,808

CREDITORS

Amounts falling due after more than one year

7

(99,000

)

(99,000

)

PROVISIONS FOR LIABILITIES

(233,838

)

(234,110

)

NET ASSETS

1,069,657

1,065,698

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

9

1,012,996

1,012,724

Retained earnings

56,561

52,874

SHAREHOLDERS' FUNDS

1,069,657

1,065,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5 March 2019 and were signed by:

J N Bloom - Director

1.	STATUTORY INFORMATION

Springvale Park 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 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.

3.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1 July 2017

1,300,000

16,140

1,316,140

Additions

60,985

-

60,985

At 30 June 2018

1,360,985

16,140

1,377,125

DEPRECIATION

At 1 July 2017

-

13,974

13,974

Charge for year

-

541

541

At 30 June 2018

-

14,515

14,515

NET BOOK VALUE

At 30 June 2018

1,360,985

1,625

1,362,610

At 30 June 2017

1,300,000

2,166

1,302,166

Cost or valuation at 30 June 2018 is represented by:

Freehold

Plant and

property

machinery

Totals

£

£

£

Valuation in 2016

1,246,834

-

1,246,834

Cost

114,151

16,140

130,291

1,360,985

16,140

1,377,125

If freehold property had not been revalued it would have been included at the following historical cost:

30.6.18

30.6.17

£

£

Cost

114,151

53,166

Freehold property was valued on an open market basis on 30 June 2016 by the director .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2017

and 30 June 2018

100

NET BOOK VALUE

At 30 June 2018

100

At 30 June 2017

100

Springvale Park Ltd is not required to prepare group accounts as the group qualifies as a small group. The financial

statements refer only to Springvale Park Ltd.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Amounts owed by group undertakings

137,405

137,405

Other debtors

667

41,762

138,072

179,167

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

433

367

Amounts owed to group undertakings

100

100

Taxation and social security

992

3,443

Other creditors

115,907

86,011

117,432

89,921

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Other creditors

99,000

99,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.18

30.6.17

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Revaluation

reserve

£

At 1 July 2017

1,012,724

Deferred tax

272

At 30 June 2018

1,012,996

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Springvale Park Limited for the year ended 30 June 2018 which comprise the Income Statement, Balance Sheet and

the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Springvale Park Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Springvale Park Limited and state those matters that we have agreed to state to the director of Springvale Park Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Springvale Park Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Springvale Park Limited. You consider that Springvale Park Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Springvale Park Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

5 March 2019