Company registration number 11700792 (England and Wales)
STURGEONS HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
STURGEONS HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
STURGEONS HOLDINGS LIMITED (REGISTERED NUMBER: 11700792)
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
3,116,386
3,135,534
Current assets
Debtors
5
759,399
742,650
Creditors: amounts falling due within one year
6
(5,269)
(2,206)
Net current assets
754,130
740,444
Net assets
3,870,516
3,875,978
Capital and reserves
Called up share capital
800
800
Profit and loss reserves
3,869,716
3,875,178
Total equity
3,870,516
3,875,978
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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 31 January 2025 and are signed on its behalf by:
Mr M J P Sturgeon
Director
STURGEONS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Sturgeons Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 32-34 Henwood Green Road, Pembury, Kent, TN2 4LG.
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
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.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
STURGEONS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
700
700
Other investments other than loans
3,115,686
3,134,834
3,116,386
3,135,534
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 May 2023
700
3,134,834
3,135,534
Movement in year
-
(19,148)
(19,148)
At 30 April 2024
700
3,115,686
3,116,386
Carrying amount
At 30 April 2024
700
3,115,686
3,116,386
At 30 April 2023
700
3,134,834
3,135,534
4
Subsidiaries
Details of the company's subsidiaries at 30 April 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Sturgeon's (Civil Engineering) Limited
32-34 Henwood Green Road, Pembury, Tunbridge Wells, Kent, TN2 4LG
Ordinary shares
100.00
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
759,399
742,650
STURGEONS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
4,303
1,286
Other creditors
966
920
5,269
2,206
7
Related party transactions
As at the balance sheet date £65,539 (2023: £48,790) was due from the company's subsidiary undertaking. The loan is interest free, repayable on demand and included in debtors falling due within one year.
As at the balance sheet date £693,860 (2023: £693,860) was due from a company connected to key management personnel. The loan is interest free, repayable on demand and included in debtors falling due within one year.