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REGISTERED NUMBER: 01413692 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

STRANDHAVEN LIMITED

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


STRANDHAVEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: D Somaiya



SECRETARY: Mrs H Somaiya



REGISTERED OFFICE: 600 High Road
Seven Kings
Ilford
Essex
IG3 8BS



REGISTERED NUMBER: 01413692 (England and Wales)



AUDITORS: Ashfords Partnership LLP
114-116 Goodmayes Road
Ilford
Esex
IG3 9UZ



BANKERS: National Westminster Bank Plc
10 South Street
Romford
Essex
IG3 8BS

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2023


The director presents his strategic report for the year ended 31 July 2023.

ON BEHALF OF THE BOARD:





D Somaiya - Director


15 January 2024

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JULY 2023


The director presents his report with the financial statements of the company for the year ended 31 July 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Wholesale, Retail Chemist and Dispensing of Drugs.

DIVIDENDS
No dividends will be distributed for the year ended 31 July 2023.

DIRECTOR
D Somaiya held office during the whole of the period from 1 August 2022 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE
No political donations made during the year.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Ashfords Partnership LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D Somaiya - Director


15 January 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STRANDHAVEN LIMITED


Opinion
We have audited the financial statements of Strandhaven Limited (the 'company') for the year ended 31 July 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 July 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STRANDHAVEN LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STRANDHAVEN LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the consultancy services sector; we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, and health and safety legislation; we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were reasonable;
- were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance; enquiring of management as to actual and potential litigation and claims; and reviewing correspondence with HMRC, relevant regulators and the company’s legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
STRANDHAVEN LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Ashok M.Shah FCCA (Senior Statutory Auditor)
for and on behalf of Ashfords Partnership LLP
114-116 Goodmayes Road
Ilford
Esex
IG3 9UZ

15 January 2024

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   

TURNOVER 35,047,854 21,819,001

Cost of sales 19,689,814 14,549,992
GROSS PROFIT 15,358,040 7,269,009

Distribution costs 343,675 241,439
Administrative expenses 7,273,399 4,987,237
7,617,074 5,228,676
7,740,966 2,040,333

Other operating income 592,777 408,516
OPERATING PROFIT 4 8,333,743 2,448,849

Interest receivable and similar income 116,672 72,641
8,450,415 2,521,490

Interest payable and similar expenses 5 3,252 -
PROFIT BEFORE TAXATION 8,447,163 2,521,490

Tax on profit 6 1,818,941 407,285
PROFIT FOR THE FINANCIAL YEAR 6,628,222 2,114,205

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2023

31.7.23 31.7.22
Notes £    £   

PROFIT FOR THE YEAR 6,628,222 2,114,205


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

6,628,222

2,114,205

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 527,218 392,131
527,218 392,131

CURRENT ASSETS
Stocks 10 2,262,718 2,331,778
Debtors 11 7,467,417 6,449,405
Investments 12 7,958,586 1,371,113
Cash at bank and in hand 1,654,601 3,672,646
19,343,322 13,824,942
CREDITORS
Amounts falling due within one year 13 4,648,036 5,702,222
NET CURRENT ASSETS 14,695,286 8,122,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,222,504

8,514,851

PROVISIONS FOR LIABILITIES 14 130,878 51,447
NET ASSETS 15,091,626 8,463,404

CAPITAL AND RESERVES
Called up share capital 15 100,000 100,000
Retained earnings 16 14,991,626 8,363,404
SHAREHOLDERS' FUNDS 15,091,626 8,463,404

The financial statements were approved by the director and authorised for issue on 15 January 2024 and were signed by:





D Somaiya - Director


STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 August 2021 100,000 6,792,199 6,892,199

Changes in equity
Dividends - (543,000 ) (543,000 )
Total comprehensive income - 2,114,205 2,114,205
Balance at 31 July 2022 100,000 8,363,404 8,463,404

Changes in equity
Total comprehensive income - 6,628,222 6,628,222
Balance at 31 July 2023 100,000 14,991,626 15,091,626

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2023

31.7.23 31.7.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 7,594,148 2,408,131
Interest paid (3,252 ) -
Tax paid (1,756,247 ) (334,770 )
Net cash from operating activities 5,834,649 2,073,361

Cash flows from investing activities
Purchase of tangible fixed assets (257,079 ) (137,928 )
Sale of tangible fixed assets - 1,500
Interest received 116,672 72,641
Net cash from investing activities (140,407 ) (63,787 )

Cash flows from financing activities
Amount withdrawn by directors (188,400 ) 651,400
Equity dividends paid - (543,000 )
Current asset investments (6,587,473 ) 8,964
Amts owed by/to associates (936,414 ) -
Net cash from financing activities (7,712,287 ) 117,364

(Decrease)/increase in cash and cash equivalents (2,018,045 ) 2,126,938
Cash and cash equivalents at beginning
of year

2

3,672,646

1,545,708

Cash and cash equivalents at end of
year

2

1,654,601

3,672,646

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 JULY 2023


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
31.7.23 31.7.22
£    £   
Profit before taxation 8,447,163 2,521,490
Depreciation charges 121,992 84,925
Profit on disposal of fixed assets - (935 )
Finance costs 3,252 -
Finance income (116,672 ) (72,641 )
8,455,735 2,532,839
Decrease in stocks 69,060 474,282
Decrease/(increase) in trade and other debtors 106,030 (3,371,903 )
(Decrease)/increase in trade and other creditors (1,036,677 ) 2,772,913
Cash generated from operations 7,594,148 2,408,131

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2023
31.7.23 1.8.22
£    £   
Cash and cash equivalents 1,654,601 3,672,646
Year ended 31 July 2022
31.7.22 1.8.21
£    £   
Cash and cash equivalents 3,672,646 1,545,708


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.8.22 Cash flow At 31.7.23
£    £    £   
Net cash
Cash at bank and in hand 3,672,646 (2,018,045 ) 1,654,601
3,672,646 (2,018,045 ) 1,654,601

Liquid resources
Current asset investments 1,371,113 6,587,473 7,958,586
1,371,113 6,587,473 7,958,586
Total 5,043,759 4,569,428 9,613,187

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Strandhaven 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" 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.

Goodwill
Goodwill being the amount paid in connection with the acquisition of business, is being written off evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
31.7.23 31.7.22
£    £   
Wages and salaries 1,919,292 1,792,583
Social security costs 146,581 128,506
Other pension costs 34,702 34,924
2,100,575 1,956,013

The average number of employees during the year was as follows:
31.7.23 31.7.22

Chemists 4 4
Admin 6 6
Retail 79 75
Warehouse 3 3
92 88

31.7.23 31.7.22
£    £   
Director's remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.7.23 31.7.22
£    £   
Depreciation - owned assets 121,992 84,925
Profit on disposal of fixed assets - (935 )
Auditors' remuneration 5,550 5,550

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.7.23 31.7.22
£    £   
Interest paid on corp tax 3,252 -

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.7.23 31.7.22
£    £   
Current tax:
UK corporation tax 1,739,510 394,826

Deferred tax 79,431 12,459
Tax on profit 1,818,941 407,285

7. DIVIDENDS
31.7.23 31.7.22
£    £   
Interim - 543,000

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 2,097,031
AMORTISATION
At 1 August 2022
and 31 July 2023 2,097,031
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

9. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 August 2022 197,863 50,000 268,819
Additions - - 23,703
At 31 July 2023 197,863 50,000 292,522
DEPRECIATION
At 1 August 2022 100,619 30,406 215,733
Charge for year 3,957 3,920 15,358
At 31 July 2023 104,576 34,326 231,091
NET BOOK VALUE
At 31 July 2023 93,287 15,674 61,431
At 31 July 2022 97,244 19,594 53,086

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 688,912 157,367 160,625 1,523,586
Additions 178,453 54,090 833 257,079
At 31 July 2023 867,365 211,457 161,458 1,780,665
DEPRECIATION
At 1 August 2022 623,558 58,645 102,494 1,131,455
Charge for year 48,761 38,203 11,793 121,992
At 31 July 2023 672,319 96,848 114,287 1,253,447
NET BOOK VALUE
At 31 July 2023 195,046 114,609 47,171 527,218
At 31 July 2022 65,354 98,722 58,131 392,131

10. STOCKS
31.7.23 31.7.22
£    £   
Stocks 2,262,718 2,331,778

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 5,110,893 5,199,782
NHS Debtors 815,970 613,384
Amounts owed by associates 936,414 -
Strandhaven Properties Limited - 150,427
122 Boundary Road Ltd 281,060 270,060
Directors' current accounts 187,628 -
Accruals 5,530 2,527
Prepayments 129,922 213,225
7,467,417 6,449,405

12. CURRENT ASSET INVESTMENTS
31.7.23 31.7.22
£    £   
Listed investments 7,258,586 782,716
Unlisted investments 650,000 588,397
Other 50,000 -
7,958,586 1,371,113
Market value of listed investments at 31 July 2023 - £ 7,260,564 (2022 - £ 862,867 ).

STRANDHAVEN LIMITED (REGISTERED NUMBER: 01413692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 3,643,343 4,038,030
IILCO (UK) Ltd 11,532 -
Corporation tax 378,089 394,826
Social security and other taxes 36,707 33,757
VAT 186,550 95,089
Wages control account - 949
Directors' current accounts - 772
Accrued expenses 391,815 1,138,799
4,648,036 5,702,222

14. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 130,878 51,447

Deferred
tax
£   
Balance at 1 August 2022 51,447
Accelerated capital allowances 79,431
Balance at 31 July 2023 130,878

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100,000 Ordinary £1 100,000 100,000

16. RESERVES
Retained
earnings
£   

At 1 August 2022 8,363,404
Profit for the year 6,628,222
At 31 July 2023 14,991,626

17. RELATED PARTY DISCLOSURES

At the year ended 31 July 2023, Strandhaven Properties was owed £466,414 (2022: £150,427), a company registered in England and Wales and D Somaiya is a director.

18. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Somaiya by virtue of his ownership of 60% of the issued share capital in the company.