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REGISTERED NUMBER: 01316784 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SEDRUP HOLDINGS LIMITED

SEDRUP HOLDINGS LIMITED (REGISTERED NUMBER: 01316784)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEDRUP HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R J Wos
A M Wos
R M Wos
L R Wos





SECRETARY: R J Wos





REGISTERED OFFICE: Unit 8 Anglo Business Park
Smeaton Close
Aylesbury
Buckinghamshire
HP19 8UP





REGISTERED NUMBER: 01316784 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
5th Floor, R+ Building
2 Blagrave Street
Reading
Berkshire
RG1 1AZ

SEDRUP HOLDINGS LIMITED (REGISTERED NUMBER: 01316784)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 328,380 328,151
Investments 5 23,349 23,349
351,729 351,500

CURRENT ASSETS
Debtors 6 51,904 1,471
Cash at bank and in hand 200,256 31,036
252,160 32,507
CREDITORS
Amounts falling due within one year 7 49,090 125,370
NET CURRENT ASSETS/(LIABILITIES) 203,070 (92,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,799

258,637

CREDITORS
Amounts falling due after more than
one year

8

-

23,867
NET ASSETS 554,799 234,770

CAPITAL AND RESERVES
Called up share capital 150,002 150,002
Retained earnings 404,797 84,768
554,799 234,770

SEDRUP HOLDINGS LIMITED (REGISTERED NUMBER: 01316784)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





R J Wos - Director


SEDRUP HOLDINGS LIMITED (REGISTERED NUMBER: 01316784)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

The company is a private limited company, which is incorporated and registered in England and Wales (no.01316784). The address of the registered office is Unit 8 Anglo Business Park, Smeaton Close, Aylesbury, Buckinghamshire HP19 8UP.

The principal activity of the company during the year was that of a group holding company, providing services to its subsidiary company and property letting.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Sedrup Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For long term finance they rely on the loans provided by their bank. In assessing going concern they have assessed that these loans will be repaid within the terms of the loan agreement and that they will not be repaid in full in the foreseeable future.

Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

SEDRUP HOLDINGS LIMITED (REGISTERED NUMBER: 01316784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property and improvements- Over the remaining term of the lease

Motor vehicles- 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SEDRUP HOLDINGS LIMITED (REGISTERED NUMBER: 01316784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Leasehold Leasehold Motor
property improvements vehicles Totals
£    £    £    £   
COST
At 1 April 2023 341,419 117,292 - 458,711
Additions - - 14,288 14,288
At 31 March 2024 341,419 117,292 14,288 472,999
DEPRECIATION
At 1 April 2023 89,065 41,495 - 130,560
Charge for year 7,812 2,675 3,572 14,059
At 31 March 2024 96,877 44,170 3,572 144,619
NET BOOK VALUE
At 31 March 2024 244,542 73,122 10,716 328,380
At 31 March 2023 252,354 75,797 - 328,151

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 23,349
NET BOOK VALUE
At 31 March 2024 23,349
At 31 March 2023 23,349

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from subsidiaries 49,761 -
Directors' current accounts 1,180 -
VAT - 758
Deferred tax asset 250 -
Prepayments 713 713
51,904 1,471

SEDRUP HOLDINGS LIMITED (REGISTERED NUMBER: 01316784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 1,621 11,216
Trade creditors 1,033 996
Amounts owed to group undertakings - 108,239
Corporation tax 17,505 -
VAT 4,639 -
Directors' current accounts 20,001 1,019
Accruals 4,291 3,900
49,090 125,370

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loan - 1 - 2 years - 11,680
Bank loan - 2 - 5 years - 12,187
- 23,867

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,621 35,083

All bank loans and overdrafts are secured by a fixed charge over the freehold property held by the company and a floating charge over the assets and undertakings of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R J Wos and A M Wos
Balance outstanding at start of year (1,019 ) 1,981
Amounts advanced 42,200 37,000
Amounts repaid (40,001 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,180 (1,019 )