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REGISTERED NUMBER: 07512134 (England and Wales)















The Holling Partnership Limited

Financial Statements

for the Year Ended 31 March 2023






The Holling Partnership Limited (Registered number: 07512134)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Holling Partnership Limited

Company Information
for the year ended 31 March 2023







Directors: R C Holling
C R Holling





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 07512134 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

The Holling Partnership Limited (Registered number: 07512134)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 2,600 5,200
Tangible assets 5 4,493 3,846
7,093 9,046

Current assets
Debtors 6 48,456 60,604
Cash at bank 39,391 2,426
87,847 63,030
Creditors
Amounts falling due within one year 7 50,494 44,204
Net current assets 37,353 18,826
Total assets less current liabilities 44,446 27,872

Provisions for liabilities 854 731
Net assets 43,592 27,141

Capital and reserves
Called up share capital 8 100 100
Retained earnings 43,492 27,041
Shareholders' funds 43,592 27,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 3 October 2023 and were signed on its behalf by:





R C Holling - Director


The Holling Partnership Limited (Registered number: 07512134)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

The Holling Partnership 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.

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.

Turnover
Turnover represents amounts receivable for film production services net of VAT.

Turnover is recognised at the point of invoicing a customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

The Holling Partnership Limited (Registered number: 07512134)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Intangible fixed assets
Development
costs
£
Cost
At 1 April 2022
and 31 March 2023 13,000
Amortisation
At 1 April 2022 7,800
Amortisation for year 2,600
At 31 March 2023 10,400
Net book value
At 31 March 2023 2,600
At 31 March 2022 5,200

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 April 2022 28,563 5,150 33,713
Additions - 2,145 2,145
At 31 March 2023 28,563 7,295 35,858
Depreciation
At 1 April 2022 27,134 2,733 29,867
Charge for year 357 1,141 1,498
At 31 March 2023 27,491 3,874 31,365
Net book value
At 31 March 2023 1,072 3,421 4,493
At 31 March 2022 1,429 2,417 3,846

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 9,500
Other debtors 48,456 51,104
48,456 60,604

7. Creditors: amounts falling due within one year
2023 2022
£ £
Taxation and social security 50,494 44,204

The Holling Partnership Limited (Registered number: 07512134)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£ £
C R Holling
Balance outstanding at start of year 25,552 12,199
Amounts advanced 66,676 73,353
Amounts repaid (68,000 ) (60,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,228 25,552

R C Holling
Balance outstanding at start of year 25,552 12,199
Amounts advanced 66,676 73,353
Amounts repaid (68,000 ) (60,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,228 25,552