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REGISTERED NUMBER: 02381371 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

HOLTEC (U.K.) LIMITED

HOLTEC (U.K.) LIMITED (REGISTERED NUMBER: 02381371)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLTEC (U.K.) LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: V M Godwin
D C Godwin





SECRETARY: V M Godwin





REGISTERED OFFICE: 21 Park Homer Drive
Wimborne
Dorset
BH21 2SR





REGISTERED NUMBER: 02381371 (England and Wales)





ACCOUNTANTS: Enhance
Chartered Accountants & Business Advisers
38 Middlehill Road
Wimborne
Dorset
BH21 2SE

HOLTEC (U.K.) LIMITED (REGISTERED NUMBER: 02381371)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 450,000 450,000
450,000 450,000

CURRENT ASSETS
Debtors 6 9,559 15,774
Cash at bank 39,659 26,012
49,218 41,786
CREDITORS
Amounts falling due within one year 7 72,025 98,033
NET CURRENT LIABILITIES (22,807 ) (56,247 )
TOTAL ASSETS LESS CURRENT LIABILITIES 427,193 393,753

CREDITORS
Amounts falling due after more than one
year

8

(83,000

)

-

PROVISIONS FOR LIABILITIES (38,924 ) (38,924 )
NET ASSETS 305,269 354,829

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 155,668 155,668
Retained earnings 149,501 199,061
SHAREHOLDERS' FUNDS 305,269 354,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

HOLTEC (U.K.) LIMITED (REGISTERED NUMBER: 02381371)

BALANCE SHEET - continued
30 June 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 19 November 2023 and were signed on its behalf by:




V M Godwin - Director



D C Godwin - Director


HOLTEC (U.K.) LIMITED (REGISTERED NUMBER: 02381371)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Holtec (U.K.) 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. No depreciation is provided.

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
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HOLTEC (U.K.) LIMITED (REGISTERED NUMBER: 02381371)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 14,195 3,678 17,873
DEPRECIATION
At 1 July 2022
and 30 June 2023 14,195 3,678 17,873
NET BOOK VALUE
At 30 June 2023 - - -
At 30 June 2022 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 450,000
NET BOOK VALUE
At 30 June 2023 450,000
At 30 June 2022 450,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2018 185,812
Cost 264,188
450,000

HOLTEC (U.K.) LIMITED (REGISTERED NUMBER: 02381371)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 264,188 264,188

Investment property was valued on an open market basis on 30 June 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,407 15,636
Other debtors 152 138
9,559 15,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,848 16,832
Taxation and social security 7,347 3,309
Other creditors 61,830 77,892
72,025 98,033

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 83,000 -

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 155,668

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £47,000 (2022 - £32,500) were paid to the directors .

lncluded within other creditors is a balance of £133,177 (2022: £76,998) due to the directors of the company. The loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, Valerie & David Godwin.