Registered number
09169845
Standeven Holdings Limited
Unaudited Filleted Accounts
31 August 2024
Standeven Holdings Limited
Registered number: 09169845
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 460 614
Investments 4 19,508,026 19,508,026
19,508,486 19,508,640
Current assets
Debtors 5 5,351,539 6,136,187
Cash at bank and in hand 494,329 1,001,078
5,845,868 7,137,265
Creditors: amounts falling due within one year 6 (675,276) (1,490,827)
Net current assets 5,170,592 5,646,438
Total assets less current liabilities 24,679,078 25,155,078
Creditors: amounts falling due after more than one year 7 (700,000) (1,500,000)
Net assets 23,979,078 23,655,078
Capital and reserves
Called up share capital 131 131
Share premium 10,018,026 10,018,026
Profit and loss account 13,960,921 13,636,921
Shareholders' funds 23,979,078 23,655,078
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J M Standeven
Director
Approved by the board on 28 April 2025
Standeven Holdings Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 September 2023 818
At 31 August 2024 818
Depreciation
At 1 September 2023 204
Charge for the year 154
At 31 August 2024 358
Net book value
At 31 August 2024 460
At 31 August 2023 614
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 September 2023 7,339,324 12,168,702 19,508,026
At 31 August 2024 7,339,324 12,168,702 19,508,026
The directors, who have many years of experience in the commercial property sector, do not consider that the market values at 31 August 2024 are significantly different from their purchase cost.
5 Debtors 2024 2023
£ £
Standeven Properties Limited 5,268,566 6,048,847
Other debtors 82,973 87,340
5,351,539 6,136,187
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 66,066 98,556
Other creditors 609,210 1,392,271
675,276 1,490,827
Other creditors include an unsecured loan of £468,178 (2023 £1,348,459) made to the company by the directors which is repayable on demand.
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 700,000 1,500,000
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 700,000 1,500,000
Banks loans outstanding at the year end are secured by a fixed charge on a property included in freehold investment properties.
9 Other information
Standeven Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Helliwell Handscomb LLP
15 Littlethorpe Hill
Hartshead, Liversedge
West Yorkshire
WF15 8AZ
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