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Churngold Ventures Holdings Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 May 2024

Registration number: 14357761

 

Churngold Ventures Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Churngold Ventures Holdings Limited

Balance Sheet

31 May 2024

Note

2024
£ 000

2023
£ 000

Fixed assets

 

Investments

4

3,559

3,559

Capital and reserves

 

Called up share capital

3,559

3,559

Shareholders' funds

 

3,559

3,559

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 November 2024 and signed on its behalf by:
 

.........................................
R N V Mead
Director

Company Registration Number: 14357761

 

Churngold Ventures Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4A
Severn View Industrial Estate
Central Avenue
Hallen
Bristol
BS10 7SD

These financial statements were authorised for issue by the Board on 30 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in subsidiaries are recorded at costs, less any provision for impairment. Investments are reviewed annually or more frequently if a specific event occurs for any indication of impairment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Churngold Ventures Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

4

Investments

2024
£ 000

2023
£ 000

Investments in subsidiaries

3,559

3,559

Subsidiaries

£ 000

Cost or valuation

At 1 June 2023

3,559

Provision

Carrying amount

At 31 May 2024

3,559

At 31 May 2023

3,559

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Churngold Ventures Limited

Same as parent

Ordinary

100%

100%

Subsidiary undertakings

Churngold Ventures Limited

The principal activity of Churngold Ventures Limited is property management.

 

Churngold Ventures Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

5

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No. 000

£ 000

No. 000

£ 000

Ordinary A Shares of £1 each

2,648

2,648

2,648

2,648

Ordinary B Shares of £1 each

911

911

911

911

 

3,559

3,559

3,559

3,559

The Ordinary A and Ordinary B shares rank pari pasu.

On incorporation 1 Ordinary B Share having an nominal value of £1 was allotted.

On 21 October 2022 a further 911,078 Ordinary B Shares were allotted having an aggregate nominal value of £911,078 and 2,647,845 Ordinary A Shares were allotted having an aggregate nominal value of £2,647,845.