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REGISTERED NUMBER: 10288594 (England and Wales)











Financial Statements

for the Year Ended 31 July 2023

for

HOLBORN TRADING LTD.

HOLBORN TRADING LTD. (REGISTERED NUMBER: 10288594)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLBORN TRADING LTD.

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr J H Smith
Mr K O Rechache





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10288594 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

HOLBORN TRADING LTD. (REGISTERED NUMBER: 10288594)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,653 3,989

CURRENT ASSETS
Debtors 5 868,498 485,964
Cash at bank and in hand 728,042 551,850
1,596,540 1,037,814
CREDITORS
Amounts falling due within one year 6 530,651 259,945
NET CURRENT ASSETS 1,065,889 777,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,070,542

781,858

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,070,442 781,758
SHAREHOLDERS' FUNDS 1,070,542 781,858

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

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

HOLBORN TRADING LTD. (REGISTERED NUMBER: 10288594)

Balance Sheet - continued
31 July 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 9 November 2023 and were signed on its behalf by:




Mr K O Rechache - Director



Mr J H Smith - Director


HOLBORN TRADING LTD. (REGISTERED NUMBER: 10288594)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Holborn Trading Ltd. 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.

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

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

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.

Foreign currencies
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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.

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements

HOLBORN TRADING LTD. (REGISTERED NUMBER: 10288594)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2022 5,786 5,823 11,609
Additions 496 3,379 3,875
At 31 July 2023 6,282 9,202 15,484
DEPRECIATION
At 1 August 2022 4,671 2,949 7,620
Charge for year 910 2,301 3,211
At 31 July 2023 5,581 5,250 10,831
NET BOOK VALUE
At 31 July 2023 701 3,952 4,653
At 31 July 2022 1,115 2,874 3,989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 238,817 119,019
Other debtors 98,594 92,594
Directors' current accounts 181,869 274,351
Prepayments and accrued income 349,218 -
868,498 485,964

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 5,200 239
Tax 395,370 186,685
Social security and other taxes 6,632 (443 )
VAT 117,997 62,597
Other creditors 652 -
Accruals and deferred income 4,800 10,867
530,651 259,945

HOLBORN TRADING LTD. (REGISTERED NUMBER: 10288594)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
Mr J H Smith
Balance outstanding at start of year 138,146 -
Amounts advanced 64,861 249,888
Amounts repaid (104,830 ) (111,742 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,177 138,146

Mr K O Rechache
Balance outstanding at start of year 136,206 -
Amounts advanced 52,020 247,677
Amounts repaid (104,533 ) (111,471 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 83,693 136,206

As at the balance sheet date, included in debtors due within one year is £181,869 (2022: £274,351), due and payable by the directors. During the period interest was charged on the overdrawn loan account at 2.0%.