Springfield Residents Limited - Period Ending 2019-12-31

Springfield Residents Limited

(Registration number: 04567985)
Balance Sheet as at 31 December 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	3	7,500	7,500
Creditors: Amounts falling due within one year	4	(7,495)	(7,495)
Net assets		5	5
Capital and reserves
Called up share capital	5	5	5
Shareholders' funds		5	5

For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 12 October 2020 and signed on its behalf by:
 

......................................... Mrs F M Blackmore Director

Springfield Residents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 26 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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 years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Springfield Residents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019

3	Tangible assets

	Land at Springfield £	Total £
Cost or valuation
At 1 January 2019	7,500	7,500
At 31 December 2019	7,500	7,500
Depreciation
Carrying amount
At 31 December 2019	7,500	7,500
At 31 December 2018	7,500	7,500

4

Creditors

	2019 £	2018 £
Due within one year
Other payables	7,495	7,495

5	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary shares of £1 each	5	5	5	5

6	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2018 - 0).