Company registration number 05098438 (England and Wales)
STREAMFOLDER LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
STREAMFOLDER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
STREAMFOLDER LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
1,308,387
1,308,387
Creditors: amounts falling due after more than one year
5
(958,387)
(958,387)
Net assets
350,000
350,000
Capital and reserves
Called up share capital
6
1,000
1,000
Share premium account
7
349,000
349,000
Total equity
350,000
350,000
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
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 1 August 2024 and are signed on its behalf by:
Mr N J Wyatt
Mr S J Mosley
Director
Director
Company registration number 05098438 (England and Wales)
STREAMFOLDER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information
Streamfolder Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.
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 company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
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.
2
Employees
2023
2022
Number
Number
Total
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1,308,387
1,308,387
The directors have carried out a review for impairment in the value of the company’s investment in its subsidiary and consider that, based on the financial performance of the subsidiary company, no impairment in value is required.
STREAMFOLDER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
(Continued)
- 3 -
4
Subsidiaries
Details of the company's subsidiaries at 30 November 2023 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Severn Industrial Estates Limited
UK
Ordinary
100.00
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings
958,387
958,387
Included within creditors due after more than one year is an amount of £958,387 (2022 - £958,387) in respect of liabilities which are repayable on demand but which are unlikely to be repaid for more than 5 years.
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
1,000
1,000
7
Share premium account
There was no movement on the share premium account during the year.
8
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
The senior statutory auditor was Susan Harris MA ACA.
The auditor was Champion Accountants LLP.
9
Related party transactions
STREAMFOLDER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
(Continued)
- 4 -
At 30 November 2023, Canda Copying Holdings Limited was the ultimate controlling party of Streamfolder Limited, being the 100% parent company of Canda Copying (Investments) Limited, Streamfolder Limited's parent company.
Creditors represent interest free loans of £958,387 (2022 - £958,387) due to the subsidiary company, Severn Industrial Estates Limited.