Company registration number 07483938 (England and Wales)
HT (RETAIL CLUB) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
HT (RETAIL CLUB) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HT (RETAIL CLUB) LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1
1
Current assets
Debtors
3
100
100
Creditors: amounts falling due within one year
4
(1,071)
(1,071)
Net current liabilities
(971)
(971)
Net liabilities
(970)
(970)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(1,070)
(1,070)
Total equity
(970)
(970)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on
18 December 2023
18 December 2023
18 December 2023
and are signed on its behalf by:
2023-12-18
Mr S Thakrar
Director
Company registration number 07483938 (England and Wales)
HT (RETAIL CLUB) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
HT (Retail Club) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 31-37 Park Royal Road, Park Royal, London, NW10 7LQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
2
Intangible fixed assets
Trademark
£
Cost
At 1 April 2022 and 31 March 2023
1
Amortisation and impairment
At 1 April 2022 and 31 March 2023
Carrying amount
At 31 March 2023
1
At 31 March 2022
1
HT (RETAIL CLUB) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
100
100
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
1,071
1,071
5
Parent company
The company is a subsidiary of HT Drinks Holdings Ltd, which is the ultimate parent company and Mr P Thakrar is the ultimate controlling party.
The smallest and largest group in which the results of the company are consolidated is that headed by HT Drinks Holdings Ltd. The consolidated financial statements of this company are available to the public and may be obtained from Companies House. No other group financial statements include the results of the company.