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REGISTERED NUMBER: 10349113 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HOLT COMMERCIAL LIMITED

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLT COMMERCIAL LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: D B Allen
P J Holt
N P Holt





REGISTERED OFFICE: 16 Warwick Row
Coventry
West Midlands
CV1 1EJ





REGISTERED NUMBER: 10349113 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 318,636 371,742
Tangible assets 5 9,313 14,828
Investments 6 50 77,435
327,999 464,005

CURRENT ASSETS
Stocks 65,210 26,500
Debtors 7 308,565 256,141
Cash at bank and in hand 184,455 58,149
558,230 340,790
CREDITORS
Amounts falling due within one year 8 201,758 199,248
NET CURRENT ASSETS 356,472 141,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,471

605,547

CREDITORS
Amounts falling due after more than one
year

9

(81,667

)

(91,667

)

PROVISIONS FOR LIABILITIES (1,113 ) (2,017 )
NET ASSETS 601,691 511,863

CAPITAL AND RESERVES
Called up share capital 11 5,815 6,065
Share premium 227,565 227,565
Capital redemption reserve 2,056 1,806
Retained earnings 366,255 276,427
SHAREHOLDERS' FUNDS 601,691 511,863

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.

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

BALANCE SHEET - continued
31 March 2023


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 24 October 2023 and were signed on its behalf by:





P J Holt - Director


HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 15% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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

Work in progress
Work in progress is valued on the basis of the lower of cost and net realisable value. Work in progress is calculated based on the work done at the year end and the likelihood of completion of the transaction.

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.


HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Property letting assets and liabilities
The company acts as an agent in the managing of client monies in respect of property lettings and is not liable as a principle for amounts due to clients. Notwithstanding the company's legal relationship with clients, it has followed generally accepted accounting practice by showing cash, debtors and creditors relating to property lettings as assets and liabilities of the company itself.

The company operates in accordance with the Royal Association of Chartered Surveyors regulations.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 531,060
AMORTISATION
At 1 April 2022 159,318
Amortisation for year 53,106
At 31 March 2023 212,424
NET BOOK VALUE
At 31 March 2023 318,636
At 31 March 2022 371,742

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 7,292 352 18,689 26,333
Additions - - 225 225
At 31 March 2023 7,292 352 18,914 26,558
DEPRECIATION
At 1 April 2022 2,615 203 8,687 11,505
Charge for year 702 37 5,001 5,740
At 31 March 2023 3,317 240 13,688 17,245
NET BOOK VALUE
At 31 March 2023 3,975 112 5,226 9,313
At 31 March 2022 4,677 149 10,002 14,828

6. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 April 2022 77,385 50 77,435
Impairments (77,385 ) - (77,385 )
At 31 March 2023 - 50 50
NET BOOK VALUE
At 31 March 2023 - 50 50
At 31 March 2022 77,385 50 77,435

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 123,974 156,707
Directors' current accounts 92,369 29,369
Tax 26,325 -
Prepayments 65,897 70,065
308,565 256,141

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 22,433 23,873
Amounts owed to group undertakings 6,947 83,311
Tax 90,324 5,408
Social security and other taxes 9,334 7,377
VAT 47,257 55,668
Other creditors 2,771 1,690
Accrued expenses 12,692 11,921
201,758 199,248

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
Preference shares 60,000 60,000
81,667 91,667

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,667 41,667

The bank loan is secured under a debenture held by Barclays Security Trustee Limited for the benefit of Barclays Bank UK PLC.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
606,480 Ordinary 1p shares 0.01 5,815 6,065

12. OTHER FINANCIAL COMMITMENTS

At 31 March 2023 the company had commitments totalling £6,125 (2022: £9,545) in respect of office leases.

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

13. 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
£    £   
P J Holt
Balance outstanding at start of year 382 -
Amounts advanced 90,000 382
Amounts repaid (12,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,382 382

D B Allen
Balance outstanding at start of year 28,988 -
Amounts advanced 48,773 28,988
Amounts repaid (63,773 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,988 28,988