Wellspring Developments Ltd in Newcastle Upon Tyne, NE1 1JF

Description

Data updated on: 01-11-2023

1999 is the date that marks the establishment of Wellspring Developments Ltd, the firm that is situated at Collingwood Buildings, 38 Collingwood Street in Newcastle Upon Tyne. That would make twenty five years Wellspring Developments has prospered on the local market, as it was created on 1999-05-19. The company's Companies House Registration Number is 03773099 and the company post code is NE1 1JF. The enterprise's classified under the NACE and SIC code 68209 which stands for Other letting and operating of own or leased real estate. 2022/08/31 is the last time the accounts were reported.

Shoshana S. is this enterprise's single director, that was assigned this position on 2012-07-12. Since May 1999 Aharon S., had been functioning as a director for this specific firm up to the moment of the resignation on 2012-07-12.

Shoshana S. is the individual who controls this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-08-31	2012-08-31	2013-08-31	2014-08-31	2015-08-31	2016-08-31	2017-08-31	2018-08-31	2019-08-31	2020-08-31	2021-08-31	2022-08-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	109 191	70 027	67 444	74 370	80 345

Balance Sheet
Cash Bank On Hand					5 373	36 052	16 791	10 658	13 914	27 925	27 025	15 231
Current Assets	25 602	30 833	29 636	20 295	36 527	41 525	48 789	46 199	40 465	33 575	31 674	17 143
Debtors	24 783	25 083	23 397	11 048	31 154	5 473	31 998	35 541	26 551	5 650	4 649	1 912
Net Assets Liabilities					80 345	102 557	98 675	152 455	153 295	156 351	215 660	230 803
Other Debtors					27 968	3 898	13 898	20 994	13 898	1 834	1 238	1 712
Cash Bank In Hand	819	5 750	6 239	9 247	5 373
Net Assets Liabilities Including Pension Asset Liability	109 191	70 027	67 444	74 370	80 345
Tangible Fixed Assets	292	305	203	101	185 000

Capital & Reserves
Called Up Share Capital	2	2	2	2	2
Profit Loss Account Reserve	1 774	27 099	24 516	31 442	37 417
Shareholder Funds	109 191	70 027	67 444	74 370	80 345

Other Financial Data
Accrued Liabilities					1 250	1 980	2 010	3 996	4 742	2 737	2 584	2 727
Additions Other Than Through Business Combinations Investment Property Fair Value Model						247 665	82 630	1 700	2 000		2 498	55 697
Average Number Employees During Period						2	3	1	1	3	1	1
Creditors					74 957	243 061	242 850	236 790	230 172	237 830	225 056	215 082
Decrease In Loans Owed By Related Parties Due To Loans Repaid								-5 500
Disposals Investment Property Fair Value Model							52 000				-2 000
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model								50 670			50 002	-3 197
Increase Decrease In Loans Owed To Related Parties Due To Other Changes									-3 000
Increase In Loans Owed By Related Parties Due To Loans Advanced							18 100
Increase In Loans Owed To Related Parties Due To Loans Advanced							22 751	15 461	2 300
Investment Property					185 000	452 000	482 630	535 000	537 000	537 000	587 500	640 000
Investment Property Fair Value Model					185 000	452 000	482 630	535 000	537 000	537 000	587 500	640 000
Loans Owed By Related Parties							18 100	12 600
Loans Owed To Related Parties						95 915	118 666	134 127	133 427
Net Current Assets Liabilities	-235 668	-204 911	-42 032	-33 857	-29 410	-26 094	-140 254	-145 755	-153 533	-140 932	-144 897	-177 991
Other Creditors					11 742	19 886	121 737	139 935	138 915	150 875	155 591	172 808
Prepayments									1 140	175	1 634
Provisions For Liabilities Balance Sheet Subtotal					288	288	851			1 887	1 887
Taxation Social Security Payable							18	107	245
Total Assets Less Current Liabilities	109 624	70 394	143 171	151 244	155 590	425 906	342 376	389 245	383 467	396 068	442 603	462 009
Total Borrowings							242 851	236 790	230 172	237 830	225 056	215 082
Trade Creditors Trade Payables						4 219	5 026		811	3 431	9 033	10 099
Trade Debtors Trade Receivables						1 400	18 100	14 547	11 513	3 641	1 777	200
Director Remuneration							10 855	9 600	9 950
Accumulated Depreciation Impairment Property Plant Equipment					4 721	4 721
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss							563
Bank Borrowings					76 507	249 024	248 866
Bank Borrowings Overdrafts					4 650	17 890	18 047
Corporation Tax Payable					127	-85
Creditors Due After One Year			75 360	76 507	74 957
Creditors Due Within One Year	261 270	235 744	71 668	55 724	65 937
Deferred Tax Liabilities						288	658
Disposals Decrease In Depreciation Impairment Property Plant Equipment							4 721
Disposals Property Plant Equipment							4 721
Fixed Assets	345 292	275 305	185 203	185 101	185 000	452 000	482 630
Number Shares Allotted	1	2	2	2	2
Other Taxation Social Security Payable					218	117	18
Par Value Share		1	1	1	1
Prepayments Accrued Income					3 186	175
Profit Loss						102 212
Property Plant Equipment Gross Cost					4 721	4 721
Provisions						288	851
Provisions For Liabilities Charges	433	367	367	367	288
Revaluation Reserve	107 415	42 926	42 926	42 926	42 926
Secured Debts	175 473	167 291	78 500	78 057	76 507
Share Capital Allotted Called Up Paid	2	2	2	2	2
Tangible Fixed Assets Additions		408
Tangible Fixed Assets Cost Or Valuation	30 837	31 245	4 721	4 721
Tangible Fixed Assets Depreciation	30 545	30 940	4 518	4 620	4 721
Tangible Fixed Assets Depreciation Charged In Period		395	102	102	101
Tangible Fixed Assets Depreciation Decrease Increase On Disposals			26 524
Tangible Fixed Assets Disposals			26 524
Tangible Fixed Assets Increase Decrease From Revaluations		-70 502