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REGISTERED NUMBER: 08255687 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

STREET FAMILY GROUP OF COMPANIES
(HOLDINGS) LIMITED

STREET FAMILY GROUP OF COMPANIES
(HOLDINGS) LIMITED (REGISTERED NUMBER: 08255687)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STREET FAMILY GROUP OF COMPANIES
(HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P J French
A M Munday
J T Hudaly
R H McCullough





SECRETARY: A M Munday





REGISTERED OFFICE: Suite 2
West Hill House
West Hill
Epsom
Surrey
KT19 8JD





REGISTERED NUMBER: 08255687 (England and Wales)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

STREET FAMILY GROUP OF COMPANIES
(HOLDINGS) LIMITED (REGISTERED NUMBER: 08255687)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 14,257,521 47,513,003

CURRENT ASSETS
Debtors 6 39,048,918 23,686,109

CREDITORS
Amounts falling due within one year 7 6,600 9,002,146
NET CURRENT ASSETS 39,042,318 14,683,963
TOTAL ASSETS LESS CURRENT LIABILITIES 53,299,839 62,196,966

CAPITAL AND RESERVES
Called up share capital 8 47,500,002 47,500,002
Retained earnings 9 5,799,837 14,696,964
SHAREHOLDERS' FUNDS 53,299,839 62,196,966

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





A M Munday - Director


STREET FAMILY GROUP OF COMPANIES
(HOLDINGS) LIMITED (REGISTERED NUMBER: 08255687)

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


1. STATUTORY INFORMATION

Street Family Group Of Companies (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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Street Family Group Of Companies (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.

Significant judgements and estimates
There were no significant judgements or estimates made by the directors in preparing these financial statements.

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

Financial instruments
Debtors and creditors
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Share capital
Ordinary shares are classified as equity.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

STREET FAMILY GROUP OF COMPANIES
(HOLDINGS) LIMITED (REGISTERED NUMBER: 08255687)

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


3. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023 47,513,003
Disposals (32,540,483 )
Impairments (714,999 )
At 31 May 2024 14,257,521
NET BOOK VALUE
At 31 May 2024 14,257,521
At 31 May 2023 47,513,003

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 39,048,918 23,686,109

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 8,995,546
Other creditors 6,600 6,600
6,600 9,002,146

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
47,500,002 Ordinary £1 47,500,002 47,500,002

STREET FAMILY GROUP OF COMPANIES
(HOLDINGS) LIMITED (REGISTERED NUMBER: 08255687)

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


9. RESERVES
Retained
earnings
£   

At 1 June 2023 14,696,964
Deficit for the year (8,897,127 )
At 31 May 2024 5,799,837

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

11. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £16,857,749 (2023 - £16,857,749) due from John Street & Company (Surrey) Limited. The amount is non interest bearing and repayable on demand.

Included in debtors is an amount of £7,728,360 (2023 - £6,828,360) due from The Street Family Group of Companies Limited (Jersey).The amount is non interest bearing and repayable on demand.

Included in debtors is an amount of £14,462,809 (2023 - £6,460,733 creditor) due from Renatus Property Management Limited. The amount is non interest bearing and repayable on demand.

Included in creditors is an amount of £nil (2023 - £2,534,813) due to Phoenix Treasury Management Limited, a company in liquidation. The amount is non interest bearing and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent controlling party is The Street Family Group of Companies, a company incorporated in Jersey controlled by a discretionary trust.