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REGISTERED NUMBER: 07341570 (England and Wales)















UPPER BAVENEY HOLDINGS LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2023






UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UPPER BAVENEY HOLDINGS LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mrs E L Purchase
L O Purchase





SECRETARY: Mrs E L Purchase





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 07341570 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,195,109 2,201,479
Investments 5 100 100
2,195,209 2,201,579

CURRENT ASSETS
Debtors 6 19,708 13,226
Cash at bank 53,790 34,793
73,498 48,019
CREDITORS
Amounts falling due within one year 7 367,194 293,685
NET CURRENT LIABILITIES (293,696 ) (245,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,901,513

1,955,913

CREDITORS
Amounts falling due after more than one
year

8

(630,166

)

(685,880

)

PROVISIONS FOR LIABILITIES (109,524 ) (90,598 )
NET ASSETS 1,161,823 1,179,435

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,161,723 1,179,335
SHAREHOLDERS' FUNDS 1,161,823 1,179,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





L O Purchase - Director


UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Upper Baveney Holdings 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2022 1,724,645 643,768 7,483 197,320 2,573,216
Additions 7,795 89,953 - 120,657 218,405
Disposals - - - (227,578 ) (227,578 )
At 31 January 2023 1,732,440 733,721 7,483 90,399 2,564,043
DEPRECIATION
At 1 February 2022 - 250,289 1,750 119,698 371,737
Charge for year - 68,096 1,871 28,015 97,982
Eliminated on disposal - - - (100,785 ) (100,785 )
At 31 January 2023 - 318,385 3,621 46,928 368,934
NET BOOK VALUE
At 31 January 2023 1,732,440 415,336 3,862 43,471 2,195,109
At 31 January 2022 1,724,645 393,479 5,733 77,622 2,201,479

The net book value of tangible fixed assets includes £ 381,311 (2022 - £ 379,929 ) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 100
NET BOOK VALUE
At 31 January 2023 100
At 31 January 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,708 11,226
Other debtors - 2,000
19,708 13,226

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,516 26,518
Hire purchase contracts 83,340 78,065
Trade creditors 1,375 2,269
Amounts owed to group undertakings 178,236 147,496
Social security and other taxes 39,804 12,092
VAT 15,209 8,491
Directors' current accounts 479 307
Accruals and deferred income 21,235 18,447
367,194 293,685

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 28,551 27,516
Bank loans - 2-5 years 92,264 88,918
Bank loans more 5 yr by instal 449,235 480,976
Hire purchase contracts 60,116 88,470
630,166 685,880

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 449,235 480,976

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 597,566 623,928
Hire purchase contracts 143,456 166,535
741,022 790,463

The bank loan is secured over the freehold property.

The hire purchase is secured to the asset of which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan to directors has been fully repaid after date.

12. RELATED PARTY DISCLOSURES

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.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L Purchase & Mrs E Purchase