Centura Holdings Limited - Period Ending 2023-06-30

Centura Holdings Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 6

Centura Holdings Limited

Company Information

Directors

A P Rimoldi S S Patel

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Auditor

Brebners Chartered Accountants & Statutory Auditor 130 Shaftesbury Avenue London W1D 5AR

Centura Holdings Limited

Statement of Financial Position as at 30 June 2023

	Note	2023 £	2022 £
Fixed assets
Investments	5	41,974	41,975
Current assets
Debtors	6	733,204	627,883
Cash at bank and in hand		-	703
		733,204	628,586
Creditors: Amounts falling due within one year	7	(910,351)	(1,076,254)
Net current liabilities		(177,147)	(447,668)
Net liabilities		(135,173)	(405,693)
Capital and reserves
Called up share capital		792	792
Retained earnings		(135,965)	(406,485)
Shareholders' deficit		(135,173)	(405,693)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 1 March 2024 and signed on its behalf by:
 

.........................................

S S Patel

Director

Company registration number: 09107260

Centura Holdings Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

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:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activities of the company is an investment holding company.

2	Accounting policies

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 any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

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.

Centura Holdings Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

Going concern

The company made a profit in the year ended 30 June 2023 but had a net deficit of assets of £135,173 at that date.

At this date an amount of £856,396 was due to the parent undertaking who has confirmed that it will not call for repayment until such a time that the company has sufficient working capital. The parent undertaking has also confirmed it will provide further funds to enable the company to as meets its liabilities as they fall due for a period of at least 12 months from the date of signing of these accounts.

The company's affairs are uncomplicated and the company has no fixed overheads. The company has therefore felt little impact from the effects of economic uncertainty in the United Kingdom. Its subsidiaries continue to trade and there are no guarantees or securities provided by the company over its subsidiaries liabilities.

The directors have considered the cashflow requirements of the company for the next 12 months, which demonstrates that the company has sufficient working capital for a period exceeding 12 months from the approval of the financial statements.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Consolidation

The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 401 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its ultimate parent undertaking which prepares consolidated accounts which this company is included is Centura Group Limited.

3	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 1 March 2024 was Darren Bond, who signed for and on behalf of Brebners.

Centura Holdings Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

4	Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

5	Investments

	2023 £	2022 £
Investments in subsidiaries	41,974	41,975

Subsidiaries	£
Cost or valuation
At 1 July 2022 and 30 June 2022	562,423
Disposals	(1)
At 30 June 2023	562,422
Impairment
At 1 July 2022 and 30 June 2022	520,448
Carrying amount
At 30 June 2023	41,974
At 30 June 2022	41,975
On 31st March 2023 the company disposed of one of its subsidiaries, TL Fire Limited, for a value of £50,000.

6

Debtors

	2023 £	2022 £
Amounts owed by group undertakings	582,850	627,850
Other debtors	150,354	33
	733,204	627,883

Centura Holdings Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

7

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Amounts owed to group undertakings	903,701	1,070,479
Other creditors	6,650	5,775
	910,351	1,076,254

8	Related party transactions

Summary of transactions with parent and subsidiaries

In accordance with FRS 102 paragraph 33.1A, exemption is taken not to disclose transactions in the year between wholly owned group undertakings.
 

9	Parent and ultimate parent undertaking

The company's immediate and ultimate parent is Centura Group Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is Centura Group Limited. These financial statements are available upon request from Companies House.