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Unaudited Financial Statements |
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for the Year Ended |
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31 July 2022 |
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for |
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Craven Street Holdings Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended |
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31 July 2022 |
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for |
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Craven Street Holdings Limited |
Craven Street Holdings Limited (Registered number: 09095167) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2022 |
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Page |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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Craven Street Holdings Limited |
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Company Information |
for the Year Ended 31 July 2022 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Charnwood House |
Harcourt Way |
Meridian Business Park |
Leicester |
Leicestershire |
LE19 1WP |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Craven Street Holdings Limited |
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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. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Craven Street Holdings Limited for the year ended 31 July 2022 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. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Craven Street Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Craven Street Holdings Limited and state those matters that we have agreed to state to the director of Craven Street Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Craven Street Holdings Limited and its director for our work or for this report. |
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It is your duty to ensure that Craven Street Holdings 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 Craven Street Holdings Limited. You consider that Craven Street Holdings Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Craven Street Holdings 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. |
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Chartered Accountants |
Charnwood House |
Harcourt Way |
Meridian Business Park |
Leicester |
Leicestershire |
LE19 1WP |
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Craven Street Holdings Limited (Registered number: 09095167) |
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Balance Sheet |
31 July 2022 |
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31.7.22 | 31.7.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
9 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Revaluation reserve | 12 |
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Capital redemption reserve | 12 |
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Retained earnings | 12 |
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SHAREHOLDERS' FUNDS |
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Craven Street Holdings Limited (Registered number: 09095167) |
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Balance Sheet - continued |
31 July 2022 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Craven Street Holdings Limited (Registered number: 09095167) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2022 |
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1. | STATUTORY INFORMATION |
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Craven Street Holdings Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Craven Street Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents net receivable rents, excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
Craven Street Holdings Limited (Registered number: 09095167) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 August 2021 |
and 31 July 2022 |
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DEPRECIATION |
At 1 August 2021 |
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Charge for year |
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At 31 July 2022 |
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NET BOOK VALUE |
At 31 July 2022 |
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At 31 July 2021 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakin |
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COST |
At 1 August 2021 |
and 31 July 2022 |
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NET BOOK VALUE |
At 31 July 2022 |
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At 31 July 2021 |
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6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2021 |
and 31 July 2022 |
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NET BOOK VALUE |
At 31 July 2022 |
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At 31 July 2021 |
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Craven Street Holdings Limited (Registered number: 09095167) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
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6. | INVESTMENT PROPERTY - continued |
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In June 2018 a formal valuation was completed by Spencers Druce Naylor Parkes in accordance with the RICS valuation professional standards based on FRS102 definition of fair value. The directors believe the value of the investment property is not materially different to this value as at the balance sheet date and therefore no further adjustment is considered necessary. |
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No depreciation is charged in respect of investment properties. |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 190,378 | 256,422 |
Craven Street Holdings Limited (Registered number: 09095167) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.7.22 | 31.7.21 |
£ | £ |
Bank loans |
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The bank loan is secured by a fixed and floating charge over the assets of the company. |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.22 | 31.7.21 |
value: | £ | £ |
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Ordinary | £1 | 60 | 68 |
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During the year 8 ordinary shares were repurchased by the company for a nominal consideration of £1. As a result the repurchase of the shares has led to the creation of a capital redemption reserve as outlined in note 12 of these financial statements. |
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12. | RESERVES |
Capital |
Retained | Revaluation | redemption |
earnings | reserve | reserve | Totals |
£ | £ | £ | £ |
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At 1 August 2021 |
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352,765 |
Profit for the year |
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Purchase of own shares | (34,200 | ) | - | 8 | (34,192 | ) |
At 31 July 2022 |
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357,025 |
Craven Street Holdings Limited (Registered number: 09095167) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
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13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 July 2022 and 31 July 2021: |
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31.7.22 | 31.7.21 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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The loan is interest free and repayable on demand. |