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Company Registration No. 12092430 (England and Wales)
Holos Performance Ltd Unaudited accounts for the year ended 31 July 2023
Holos Performance Ltd Unaudited accounts Contents
Page
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Holos Performance Ltd Company Information for the year ended 31 July 2023
Directors
Matthew McEntegart Liam McEntegart
Company Number
12092430 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU
Accountants
Milltree Accounting Limited Mills Farmhouse Oakley Green Road WINDSOR Berkshire SL4 4QF
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Holos Performance Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
63,121 
97,432 
Current assets
Debtors
98,407 
40,230 
Cash at bank and in hand
20,943 
44,032 
119,350 
84,262 
Creditors: amounts falling due within one year
(25,323)
(27,584)
Net current assets
94,027 
56,678 
Total assets less current liabilities
157,148 
154,110 
Creditors: amounts falling due after more than one year
(28,156)
- 
Net assets
128,992 
154,110 
Capital and reserves
Called up share capital
1,476 
1,476 
Share premium
159,524 
159,524 
Profit and loss account
(32,008)
(6,890)
Shareholders' funds
128,992 
154,110 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by
Matthew McEntegart Director Company Registration No. 12092430
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Holos Performance Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Holos Performance Ltd is a private company, limited by shares, registered in England and Wales, registration number 12092430. The registered office is 20-22 Wenlock Road, London, N1 7GU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. Amortisation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives using the straight line method: Platform development - 3 years.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The company meets its day-to-day working capital requirements through its bank facilities and intra group treasury management. The current economic conditions continue to create uncertainty over (a) the level of demand for the company's products; and (b) the availability of bank finance for the foreseeable future. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
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Holos Performance Ltd Notes to the Accounts for the year ended 31 July 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2022
141,106 
Additions
14,904 
At 31 July 2023
156,010 
Amortisation
At 1 August 2022
43,674 
Charge for the year
49,215 
At 31 July 2023
92,889 
Net book value
At 31 July 2023
63,121 
At 31 July 2022
97,432 
Intangible fixed assets represent platform development costs.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,616 
15,230 
Amounts due from group undertakings etc.
84,955 
25,000 
Other debtors
1,836 
- 
98,407 
40,230 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,490 
6,381 
Trade creditors
1,167 
2,083 
Taxes and social security
1,143 
- 
Other creditors
5,503 
- 
Loans from directors
13,020 
19,120 
25,323 
27,584 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,156 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,476 Ordinary shares of £1 each
1,476 
1,476 
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Holos Performance Ltd Notes to the Accounts for the year ended 31 July 2023
9
Transactions with related parties
A director has provided funding to the Company in the form of a directors loan. The loan is unsecured and without any charge on the assets of the Company, is repayable on demand and is non-interest bearing.
10
Post balance sheet events
In August 2023 the company took the decision to discontinue its gym management operation, this will result in a reduction of annual turnover of approximately £123,000.
11
Average number of employees
During the year the average number of employees was 4 (2022: 2).
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