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REGISTERED NUMBER: 09095167 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 July 2023

for

Craven Street Holdings Limited

Craven Street Holdings Limited (Registered number: 09095167)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Craven Street Holdings Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: D J Williams
J M W Lakin





REGISTERED OFFICE: 57 Craven Street
Leicester
Leicestershire
LE1 4BX





REGISTERED NUMBER: 09095167 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Craven Street Holdings Limited


The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

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 2023 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.

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.

This report is made solely to the Board of Directors of Craven Street Holdings Limited, as a body, 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 Board of Directors of Craven Street Holdings Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

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.

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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


3 November 2023

Craven Street Holdings Limited (Registered number: 09095167)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,578 2,104
Investments 5 150 150
Investment property 6 880,000 880,000
881,728 882,254

CURRENT ASSETS
Debtors 7 109,348 120,539
Cash at bank 20,133 46,931
129,481 167,470
CREDITORS
Amounts falling due within one year 8 268,818 270,571
NET CURRENT LIABILITIES (139,337 ) (103,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

742,391

779,153

CREDITORS
Amounts falling due after more than
one year

9

(330,117

)

(373,651

)

PROVISIONS FOR LIABILITIES (48,771 ) (48,417 )
NET ASSETS 363,503 357,085

CAPITAL AND RESERVES
Called up share capital 11 50 60
Revaluation reserve 12 151,763 163,904
Capital redemption reserve 12 50 40
Retained earnings 12 211,640 193,081
SHAREHOLDERS' FUNDS 363,503 357,085

Craven Street Holdings Limited (Registered number: 09095167)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 3 November 2023 and were signed on its behalf by:





D J Williams - Director


Craven Street Holdings Limited (Registered number: 09095167)

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


1. STATUTORY INFORMATION

Craven Street 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.

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.

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.

Turnover
Turnover represents net receivable rents, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Computer equipment - 33% straight line basis

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

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.

3. EMPLOYEES AND DIRECTORS

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

Craven Street Holdings Limited (Registered number: 09095167)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 6,649 850 7,499
DEPRECIATION
At 1 August 2022 4,545 850 5,395
Charge for year 526 - 526
At 31 July 2023 5,071 850 5,921
NET BOOK VALUE
At 31 July 2023 1,578 - 1,578
At 31 July 2022 2,104 - 2,104

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 150
NET BOOK VALUE
At 31 July 2023 150
At 31 July 2022 150

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 880,000
NET BOOK VALUE
At 31 July 2023 880,000
At 31 July 2022 880,000

Craven Street Holdings Limited (Registered number: 09095167)

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


6. INVESTMENT PROPERTY - continued

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.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 19,800 19,800
Amounts owed by group undertakings 84,298 90,726
Other debtors 5,250 10,013
109,348 120,539

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 43,594 42,194
Amounts owed to group undertakings 186,494 196,698
Taxation and social security 15,350 11,879
Other creditors 23,380 19,800
268,818 270,571

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 330,117 373,651

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 140,761 190,378

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 373,711 415,845

The bank loan is secured by a fixed and floating charge over the assets of the company.

Craven Street Holdings Limited (Registered number: 09095167)

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


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
50 Ordinary £1 50 60

During the year 10 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.

12. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 August 2022 193,081 163,904 40 357,025
Profit for the year 65,282 65,282
Dividends (20,664 ) (20,664 )
Purchase of own shares (38,200 ) - 10 (38,190 )
Revaluation 12,141 (12,141 ) - -
At 31 July 2023 211,640 151,763 50 363,453

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
D J Williams
Balance outstanding at start of year 10,000 18,000
Amounts advanced - 10,000
Amounts repaid (10,000 ) (18,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,000

The loan is interest free and repayable on demand.