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REGISTERED NUMBER: 07341570 (England and Wales)















UPPER BAVENEY HOLDINGS LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2024






UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UPPER BAVENEY HOLDINGS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs E L Purchase
L O Purchase





SECRETARY: Mrs E L Purchase





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 07341570 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,323,998 2,195,109
Investments 5 100 100
2,324,098 2,195,209

CURRENT ASSETS
Debtors 6 238,865 19,708
Cash at bank 57,241 53,790
296,106 73,498
CREDITORS
Amounts falling due within one year 7 665,475 367,194
NET CURRENT LIABILITIES (369,369 ) (293,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,954,729

1,901,513

CREDITORS
Amounts falling due after more than one
year

8

(682,565

)

(630,166

)

PROVISIONS FOR LIABILITIES (109,862 ) (109,524 )
NET ASSETS 1,162,302 1,161,823

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,162,202 1,161,723
SHAREHOLDERS' FUNDS 1,162,302 1,161,823

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





L O Purchase - Director


UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Upper Baveney Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 1,732,440 733,721 7,483 90,399 2,564,043
Additions 2,001 49,434 - 295,219 346,654
Disposals - (137,150 ) - (64,259 ) (201,409 )
At 31 January 2024 1,734,441 646,005 7,483 321,359 2,709,288
DEPRECIATION
At 1 February 2023 - 318,385 3,621 46,928 368,934
Charge for year - 62,918 1,871 56,661 121,450
Eliminated on disposal - (57,620 ) - (47,474 ) (105,094 )
At 31 January 2024 - 323,683 5,492 56,115 385,290
NET BOOK VALUE
At 31 January 2024 1,734,441 322,322 1,991 265,244 2,323,998
At 31 January 2023 1,732,440 415,336 3,862 43,471 2,195,109

The net book value of tangible fixed assets includes £ 472,247 (2023 - £ 381,311 ) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 100
NET BOOK VALUE
At 31 January 2024 100
At 31 January 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,344 19,708
Directors' current accounts 149,521 -
238,865 19,708

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,551 27,516
Hire purchase contracts 153,497 83,340
Trade creditors 2,203 1,375
Amounts owed to group undertakings 441,021 178,236
Social security and other taxes - 39,804
VAT 19,566 15,209
Directors' current accounts - 479
Accruals and deferred income 20,637 21,235
665,475 367,194

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 29,626 28,551
Bank loans - 2-5 years 95,736 92,264
Bank loans more 5 yr by instal 416,651 449,235
Hire purchase contracts 140,552 60,116
682,565 630,166

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 416,651 449,235

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 570,564 597,566
Hire purchase contracts 294,049 143,456
864,613 741,022

The bank loan is secured over the freehold property.

The hire purchase is secured to the asset of which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

UPPER BAVENEY HOLDINGS LIMITED (REGISTERED NUMBER: 07341570)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
L O Purchase and Mrs E L Purchase
Balance outstanding at start of year - -
Amounts advanced 149,521 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 149,521 -

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L Purchase & Mrs E Purchase