Supercardriver Holdings Limited 12473650 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is non-trading holding company. Digita Accounts Production Advanced 6.30.9574.0 true false false false 12473650 2023-01-01 2023-12-31 12473650 2023-12-31 12473650 core:RetainedEarningsAccumulatedLosses 2023-12-31 12473650 core:ShareCapital 2023-12-31 12473650 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12473650 core:AllSubsidiaries 2023-12-31 12473650 bus:SmallEntities 2023-01-01 2023-12-31 12473650 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12473650 bus:FilletedAccounts 2023-01-01 2023-12-31 12473650 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12473650 bus:RegisteredOffice 2023-01-01 2023-12-31 12473650 bus:Director1 2023-01-01 2023-12-31 12473650 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12473650 core:AllSubsidiaries 2023-01-01 2023-12-31 12473650 core:Subsidiary1 2023-01-01 2023-12-31 12473650 core:Subsidiary1 1 2023-01-01 2023-12-31 12473650 core:Subsidiary1 countries:EnglandWales 2023-01-01 2023-12-31 12473650 core:Subsidiary2 2023-01-01 2023-12-31 12473650 core:Subsidiary2 1 2023-01-01 2023-12-31 12473650 core:Subsidiary2 countries:EnglandWales 2023-01-01 2023-12-31 12473650 countries:EnglandWales 2023-01-01 2023-12-31 12473650 2022-12-31 12473650 core:CostValuation 2022-12-31 12473650 core:AllSubsidiaries 2022-12-31 12473650 2022-01-01 2022-12-31 12473650 2022-12-31 12473650 core:RetainedEarningsAccumulatedLosses 2022-12-31 12473650 core:ShareCapital 2022-12-31 12473650 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12473650 core:AllSubsidiaries 2022-12-31 12473650 core:PreviouslyStatedAmount 2022-12-31 12473650 core:Subsidiary1 1 2022-01-01 2022-12-31 12473650 core:Subsidiary2 1 2022-01-01 2022-12-31 12473650 2021-12-31 12473650 core:AllSubsidiaries 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 12473650

Supercardriver Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Supercardriver Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Supercardriver Holdings Limited

(Registration number: 12473650)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

401,001

401,001

Current assets

 

Cash at bank and in hand

 

84,987

-

Creditors: Amounts falling due within one year

5

(485,496)

(400,509)

Net current liabilities

 

(400,509)

(400,509)

Net assets

 

492

492

Capital and reserves

 

Called up share capital

15

15

Retained earnings

477

477

Shareholders' funds

 

492

492

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 March 2024
 

.........................................
Mr A P Thorby
Director

 

Supercardriver Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor Office Suite 1
Meadowhall Riverside
Meadowhall Road
Sheffield
South Yorkshire
S9 1BW

These financial statements were authorised for issue by the director on 21 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts..

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Supercardriver Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in subsidiaries

401,001

401,001

 

Supercardriver Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Subsidiaries

£

Cost or valuation

At 1 January 2023

401,001

Provision

Carrying amount

At 31 December 2023

401,001

At 31 December 2022

401,001

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Supercardriver Limited

England and Wales

Ordinary

100%

100%

SCD Tours Limited

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

Supercardriver Limited

The principal activity of Supercardriver Limited is the organisation of events for owners of supercars.

SCD Tours Limited

The principal activity of SCD Tours Limited is the organisation of tours for owners of supercars.

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to related parties

6

485,496

400,509

 

Supercardriver Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Related party transactions

Loans from related parties

2023

Subsidiary
£

Total
£

At start of period

400,023

400,023

Advanced

84,987

84,987

At end of period

485,010

485,010

2022

Subsidiary
£

Total
£

At start of period

400,023

400,023

At end of period

400,023

400,023

Terms of loans from related parties

There are no repayment terms and interest is not charged on the balance.