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REGISTERED NUMBER: 09513663 (England and Wales)















CENTRAL FINANCE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






CENTRAL FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 09513663)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL FINANCE HOLDINGS LIMITED

COMPANY INFORMATION
For The Year Ended 31 OCTOBER 2024







DIRECTORS: S Harris
Mrs A Bradley





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 09513663 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

CENTRAL FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 09513663)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50,117 50,053
Investment property 5 375,000 375,000
425,117 425,053

CURRENT ASSETS
Debtors 6 404,201 163,212
Cash at bank 2,105 7,454
406,306 170,666
CREDITORS
Amounts falling due within one year 7 600,616 364,485
NET CURRENT LIABILITIES (194,310 ) (193,819 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,807

231,234

CREDITORS
Amounts falling due after more than one
year

8

(140,113

)

(150,775

)

PROVISIONS FOR LIABILITIES (12,613 ) (9,586 )
NET ASSETS 78,081 70,873

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 10 58,586 61,613
Retained earnings 19,195 8,960
SHAREHOLDERS' FUNDS 78,081 70,873

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

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

CENTRAL FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 09513663)

BALANCE SHEET - continued
31 OCTOBER 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 29 July 2025 and were signed on its behalf by:





S Harris - Director


CENTRAL FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 09513663)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2024


1. STATUTORY INFORMATION

Central Finance 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. 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 as modified by the revaluation of certain assets.

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

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

3. EMPLOYEES AND DIRECTORS

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

CENTRAL FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 09513663)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023 50,053
Additions 64
At 31 October 2024 50,117
NET BOOK VALUE
At 31 October 2024 50,117
At 31 October 2023 50,053

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 375,000
NET BOOK VALUE
At 31 October 2024 375,000
At 31 October 2023 375,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2021 71,198
Cost 303,802
375,000

If investment property had not been revalued it would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 303,802 303,802

Investment property was valued on an open market basis on 8 July 2019 by Avison Young .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 7,874 6,988
Amounts owed by group undertakings 386,435 143,678
Other debtors 9,892 12,546
404,201 163,212

CENTRAL FINANCE HOLDINGS LIMITED (REGISTERED NUMBER: 09513663)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,391 10,389
Trade creditors 2,592 9,393
Amounts owed to group undertakings 566,418 322,569
Taxation and social security 4,985 3,041
Other creditors 16,230 19,093
600,616 364,485

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 140,113 150,775

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 98,550 109,220

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 150,504 161,164

On the 2 October 2019 a fixed and floating charge was created covering all the property or undertaking of the company as a continuing security for the payment on demand of all the company's obligations to Santander UK plc.

10. RESERVES
Fair
value
reserve
£   
At 1 November 2023 61,613
Transfers in year (3,027 )

At 31 October 2024 58,586

11. ULTIMATE CONTROLLING PARTY

The controlling party is Central Finance Top Co Limited.

Their registered office address is 8 Church Green East, Redditch, Worcestershire, B98 8BP.

The company has no ultimate controlling party due to the diversified shareholding of Central Finance Top Co Limited, the parent company.