Registered number
09169845
Standeven Holdings Limited
Unaudited Filleted Accounts
31 August 2023
Standeven Holdings Limited
Registered number: 09169845
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 614 -
Investments 4 19,508,026 19,508,026
19,508,640 19,508,026
Current assets
Debtors 5 6,136,187 6,878,399
Cash at bank and in hand 1,001,078 646,025
7,137,265 7,524,424
Creditors: amounts falling due within one year 6 (1,490,827) (2,199,448)
Net current assets 5,646,438 5,324,976
Total assets less current liabilities 25,155,078 24,833,002
Creditors: amounts falling due after more than one year 7 (1,500,000) (1,500,000)
Net assets 23,655,078 23,333,002
Capital and reserves
Called up share capital 131 131
Share premium 10,018,026 10,018,026
Profit and loss account 13,636,921 13,314,845
Shareholders' funds 23,655,078 23,333,002
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J M Standeven
Director
Approved by the board on 5 April 2024
Standeven Holdings Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 818
At 31 August 2023 818
Depreciation
Charge for the year 204
At 31 August 2023 204
Net book value
At 31 August 2023 614
4 Investments
Investments in Freehold
subsidiary investment
undertakings properties Total
£ £ £
Cost
At 1 September 2022 7,339,324 12,168,702 19,508,026
At 31 August 2023 7,339,324 12,168,702 19,508,026
The directors, who have many years of experience in the commercial property sector, do not consider that the market values at 31st August 2023 are significantly different from their purchase cost.
5 Debtors 2023 2022
£ £
Standeven Properties Limited 6,048,847 6,786,689
Other debtors 87,340 91,710
6,136,187 6,878,399
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 98,556 72,936
Other creditors 1,392,271 2,126,512
1,490,827 2,199,448
Other creditors include an unsecured loan of £1,348,459 (2022 £2,086,301) made to the company by the directors which is repayable on demand.
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,500,000 1,500,000
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 1,500,000 1,500,000
Bank loans outstanding at the year end are secured by a fixed charge on a property included in freehold investment properties.
9 Other information
Standeven Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Helliwell Handscomb LLP
15 Littlethorpe Hill
Hartshead, Liversedge
West Yorkshire
WF15 8AZ
Standeven Holdings Limited 09169845 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts October 2023 release 2 J M Standeven No description of principal activity 09169845 2021-09-01 2022-08-31 09169845 core:WithinOneYear 2022-08-31 09169845 core:AfterOneYear 2022-08-31 09169845 core:ShareCapital 2022-08-31 09169845 core:SharePremium 2022-08-31 09169845 core:RetainedEarningsAccumulatedLosses 2022-08-31 09169845 2022-09-01 2023-08-31 09169845 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09169845 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09169845 bus:Director40 2022-09-01 2023-08-31 09169845 1 2022-09-01 2023-08-31 09169845 2 2022-09-01 2023-08-31 09169845 core:PlantMachinery 2022-09-01 2023-08-31 09169845 countries:England 2022-09-01 2023-08-31 09169845 bus:FRS102 2022-09-01 2023-08-31 09169845 bus:FullAccounts 2022-09-01 2023-08-31 09169845 2023-08-31 09169845 core:WithinOneYear 2023-08-31 09169845 core:AfterOneYear 2023-08-31 09169845 core:ShareCapital 2023-08-31 09169845 core:SharePremium 2023-08-31 09169845 core:RetainedEarningsAccumulatedLosses 2023-08-31 09169845 core:PlantMachinery 2023-08-31 09169845 2022-08-31 iso4217:GBP xbrli:pure