Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Spring Personal Loans Limited
Contents
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Spring Personal Loans Limited
(Registration number: 04614812)
Abbreviated Balance Sheet at 30 June 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
- |
- |
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- |
- |
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Current assets |
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Debtors due within one year |
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Debtors due after more than one year |
1,501,832 |
1,960,332 |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
.........................................
J H Margolis
Director
1
Spring Personal Loans Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Going concern
The financial statements have been prepared on a going concern basis.
The company has net liabilities of the amount shown on the balance sheet. However Volkomen Financiering B.V., a company incorporated in the Netherlands, has given assurances that it will continue to support the company for the foreseeable future. On this basis the directors consider that it is appropriate to prepare the accounts on a going concern basis. The accounts do not include any adjustments that would result from a withdrawal of this support.
Turnover
Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Deferred tax
Hire purchase and leasing
Financial instruments
Spring Personal Loans Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 July 2015 |
276 |
276 |
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At 30 June 2016 |
276 |
276 |
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Depreciation |
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At 1 July 2015 |
276 |
276 |
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At 30 June 2016 |
276 |
276 |
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Net book value |
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At 30 June 2016 |
- |
- |
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At 30 June 2015 |
- |
- |
Creditors |
The aggregate amount of creditors for which security has been given amounted to £8,931,856 (2015 - £8,964,453).
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Control |
The ultimate parent company is Whithaven Investments Limited, a company incorporated in England and Wales.