Company Registration No. 12037735 (England and Wales)
THEORICA HOLDINGS LTD
Unaudited accounts
for the year ended 30 June 2023
THEORICA HOLDINGS LTD
Unaudited accounts
Contents
THEORICA HOLDINGS LTD
Company Information
for the year ended 30 June 2023
Company Number
12037735 (England and Wales)
Registered Office
A AND L, SUITE 1-3 THE HOP EXCHANGE
24 SOUTHWARK STREET
LONDON
SE1 1TY
ENGLAND
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
THEORICA HOLDINGS LTD
Accountants' report
Accountants' report to the director of THEORICA HOLDINGS LTD on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
THEORICA HOLDINGS LTD for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of THEORICA HOLDINGS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of THEORICA HOLDINGS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THEORICA HOLDINGS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THEORICA HOLDINGS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of THEORICA HOLDINGS LTD. You consider that THEORICA HOLDINGS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of THEORICA HOLDINGS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
5 February 2024
THEORICA HOLDINGS LTD
Statement of financial position
as at 30 June 2023
Investments
3,530,001
6,819,782
Debtors
7,041,571
4,280,428
Cash at bank and in hand
15,939
1,121,444
Creditors: amounts falling due within one year
(1,187,402)
(28,995)
Net current assets
5,870,108
6,264,265
Total assets less current liabilities
9,401,296
13,084,047
Creditors: amounts falling due after more than one year
-
(4,280,428)
Provisions for liabilities
Net assets
9,399,905
8,803,619
Called up share capital
1
1
Profit and loss account
9,399,904
8,803,618
Shareholders' funds
9,399,905
8,803,619
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 14 February 2024 and were signed on its behalf by
Nicola Pedroni
Director
Company Registration No. 12037735
THEORICA HOLDINGS LTD
Notes to the Accounts
for the year ended 30 June 2023
THEORICA HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 12037735. The registered office is A AND L, SUITE 1-3 THE HOP EXCHANGE, 24 SOUTHWARK STREET, LONDON, SE1 1TY, ENGLAND.
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.
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in Euros.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
THEORICA HOLDINGS LTD
Notes to the Accounts
for the year ended 30 June 2023
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 July 2022
6,809,782
10,000
6,819,782
Additions
-
3,520,000
3,520,000
Disposals
(6,809,781)
-
(6,809,781)
Valuation at 30 June 2023
1
3,530,000
3,530,001
Amounts falling due within one year
Amounts falling due after more than one year
7
Investments held as current assets
2023
2022
Unlisted investments
-
891,388
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
11,058
-
Loans from directors
1,176,344
28,995
9
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
-
4,280,428
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).