Draw Holdings Limited |
Registered number: |
04386173 |
Balance Sheet |
as at 31 January 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Investments |
2 |
|
|
- |
|
|
4,422,000 |
|
Current assets |
Debtors |
3 |
|
- |
|
|
1,702,335 |
|
Creditors: amounts falling due within one year |
4 |
|
- |
|
|
(1,702,335) |
|
Net current assets |
|
|
|
- |
|
|
- |
|
Net assets |
|
|
|
- |
|
|
4,422,000 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
80,000 |
|
|
80,000 |
Revaluation reserve |
5 |
|
|
3,394,960 |
|
|
3,474,960 |
Profit and loss account |
|
|
|
(3,474,960) |
|
|
867,040 |
|
Shareholders' funds |
|
|
|
- |
|
|
4,422,000 |
|
|
|
|
|
|
|
|
Number |
Number |
Average number of employees |
|
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
W Robertson |
Director |
Approved by the board on 12 April 2024 |
|
Draw Holdings Limited |
Notes to the Accounts |
for the year ended 31 January 2024 |
|
|
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). |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at fair value based on recent transactions, 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. |
|
2 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
|
Cost |
|
At 1 February 2023 |
4,422,000 |
|
Disposals |
(4,422,000) |
|
|
At 31 January 2024 |
- |
|
|
During the year ended January 31, 2024, the Company transferred its above investment in its subsidiary Stag Buying Group Limited to its parent company Draw Holdings 2 Limited, at book value with no gain or loss on disposal. |
|
3 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
1,702,335 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
1,702,335 |
|
|
|
|
|
|
|
|
|
|
5 |
Revaluation reserve |
2024 |
|
2023 |
£ |
£ |
|
|
At 1 February 2023 |
3,474,960 |
|
- |
|
(Loss)/gain on revaluation of investment in subsidiary company |
(80,000) |
|
3,474,960 |
|
|
At 31 January 2024 |
3,394,960 |
|
3,474,960 |
|
|
|
|
|
|
|
|
|
|
6 |
Contingent liabilities |
|
|
There is a cross guarantee dated 27 August 2019 between the company, and its subsidiary, STAG Buying Group Limited, and its holding company Draw Holdings 2 Limited . At the year end the total borrowings of STAG Buying Group Limited were £667,014 (2023: £1,049,958). |
|
|
7 |
Controlling party |
|
|
The ultimate parent company is Draw Holdings 2 Limited, a company incorporated in the United Kingdom and registered in England and Wales. On the grounds that its group is small, Draw Holdings 2 Limited does not prepare consolidated financial statements. The ultimate holding company's controlling party is Ward Robertson. The registered Office of Draw Holdings 2 Limited is: |
|
1 Bowden Way |
|
Failand |
|
Bristol |
|
BS8 3XA |