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Company Registration No. 13689479 (England and Wales)
CENTBEE HOLDINGS LIMITED Unaudited accounts for the year ended 31 October 2023
CENTBEE HOLDINGS LIMITED Unaudited accounts Contents
Page
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CENTBEE HOLDINGS LIMITED Company Information for the year ended 31 October 2023
Directors
Angus Brown Alexander Fauvel Lorien Gamaroff Paul Rajchgod
Company Number
13689479 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET LONDON W1W 7LT ENGLAND
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CENTBEE HOLDINGS LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
66,188 
66,188 
Current assets
Debtors
1,355,794 
1,881,263 
Cash at bank and in hand
473,507 
- 
1,829,301 
1,881,263 
Creditors: amounts falling due within one year
(387,324)
(5,384)
Net current assets
1,441,977 
1,875,879 
Total assets less current liabilities
1,508,165 
1,942,067 
Creditors: amounts falling due after more than one year
(2,474,863)
(2,249,800)
Net liabilities
(966,698)
(307,733)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(966,699)
(307,734)
Shareholders' funds
(966,698)
(307,733)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by
Angus Brown Director Company Registration No. 13689479
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CENTBEE HOLDINGS LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
CENTBEE HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13689479. The registered office is 85 GREAT PORTLAND STREET, LONDON, W1W 7LT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The Company's financial statements are prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of obligations in the normal course of business. However, the Company has not generated any revenues in the year and has accumulated losses to date. The Company does not currently have any revenue generating operations. These conditions, among others, raise substantial doubt about the ability of the Company to continue as a going concern. In view of these matters, continuation as a going concern is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to, meets its financial requirements, raise additional capital, and the success of its future operations. The financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should the Company not continue as a going concern. Management plans to fund operations of the Company through advances from existing shareholders, private placement of restricted securities or the issuance of stock in lieu of cash for payment of services until such a time as a business combination or other profitable investment may be achieved. Management believes that this plan provides an opportunity for the Company to continue as a going concern.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Restated accounts
The Company has restated its position for the period ending 31 October 2022 due to additional loan notes being omitted from the original accounts. The changes to the restated balance sheet has resulted in an increase in debtors of £1,881,262, an increase in current liabilities of £23,414, and an increase in long term liabilities of £1,924,476.
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CENTBEE HOLDINGS LIMITED Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
66,188 
At 31 October 2023
66,188 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
66,188 
At 31 October 2022
66,188 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
66,493 
- 
Amounts due from group undertakings etc.
1,273,596 
1,881,262 
Other debtors
15,705 
1 
1,355,794 
1,881,263 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
216,000 
- 
Taxes and social security
3,963 
- 
Other creditors
37 
60 
Accruals
167,324 
5,324 
387,324 
5,384 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
2,474,863 
2,249,800 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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