Company registration number 12499744 (England and Wales)
CAVENDISH UK HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CAVENDISH UK HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CAVENDISH UK HOLDINGS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
485,725
485,724
Current assets
Debtors
4
186,169
210,154
Cash at bank and in hand
-
0
16
Net current assets
186,169
210,170
Total assets less current liabilities
671,894
695,894
Creditors: amounts falling due after more than one year
5
(541,500)
(541,500)
Net assets
130,394
154,394
Capital and reserves
Called up share capital
1,016
1,015
Profit and loss reserves
129,378
153,379
Total equity
130,394
154,394

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 29 April 2024 and are signed on its behalf by:
Mr T J Goody
Director
Company registration number 12499744 (England and Wales)
CAVENDISH UK HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Cavendish UK Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Cavendish House, 75 Cavendish Street, Ipswich, IP3 8AX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

CAVENDISH UK HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
8
8
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
485,725
485,724
Fixed asset investments not carried at market value

Investments in subsidiary undertakings are recognised at cost and subsequently measured at cost less any accumulated impairment losses.

Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023
485,724
Valuation changes
1
At 31 December 2023
485,725
Carrying amount
At 31 December 2023
485,725
At 31 December 2022
485,724
CAVENDISH UK HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
36,153
210,154
Other debtors
150,016
-
0
186,169
210,154
5
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Other borrowings
541,500
541,500

Other creditors falling due after more than one year includes 541,500 £1 redeemable preference shares. The shares were issued at par and are redeemable at par at the option of the shareholder or company. There are no fixed dates for redemption.

6
Related party transactions

Included within other debtors due within one year is a loan to a subsidiary of £36,153 (2022 - £210,523). The loan is interest free and repayable on demand.

 

Also included within other debtors due within one year is a loan to shareholders of £150,000 (2022 - £Nil).

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