Registered number
12117721
Draw Holdings 2 Limited
Filleted Accounts
31 January 2024
Draw Holdings 2 Limited
Registered number: 12117721
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 2 4,342,000 4,422,000
Current assets
Investments held as current assets 3 185,178 111,862
Net current assets 185,178 111,862
Total assets less current liabilities 4,527,178 4,533,862
Creditors: amounts falling due after more than one year 4 (1,502,335) (1,702,335)
Net assets 3,024,843 2,831,527
Capital and reserves
Called up share capital 2,200,000 2,200,000
Profit and loss account 824,843 631,527
Shareholder's funds 3,024,843 2,831,527
Number Number
Average number of employees - -
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 2 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 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.
2 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 February 2023 4,422,000
Additions 4,342,000
Loss on Revaluation (4,422,000)
At 31 January 2024 4,342,000
Historical cost
At 1 February 2023 4,422,000
At 31 January 2024 4,422,000
3 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 185,178 111,862
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 73,316 (68,473)
4 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,502,335 1,702,335
5 Contingent liabilities
There is a cross guarantee dated 27 August 2019 between the company, and its subsidiaries: STAG Buying Group Limited and Draw Holdings Limited . At the period end the total borrowings of STAG Buying Group Limited were £667,014 (2023: £1,049,958).
6 Controlling party
Draw Holdings 2 Limited is controlled by its sole director.
7 Other information
Draw Holdings 2 Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Bowden Way
Failand
Bristol
BS8 3XA
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