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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
Page
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THEORICA HOLDINGS LTD Company Information for the year ended 30 June 2023
Director
Nicola Pedroni
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
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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
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THEORICA HOLDINGS LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,187 
- 
Investments
3,530,001 
6,819,782 
3,531,188 
6,819,782 
Current assets
Debtors
7,041,571 
4,280,428 
Investments
- 
891,388 
Cash at bank and in hand
15,939 
1,121,444 
7,057,510 
6,293,260 
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
Deferred tax
(1,391)
- 
Net assets
9,399,905 
8,803,619 
Capital and reserves
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
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THEORICA HOLDINGS LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 July 2022
- 
Additions
1,540 
At 30 June 2023
1,540 
Depreciation
Charge for the year
353 
At 30 June 2023
353 
Net book value
At 30 June 2023
1,187 
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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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
4,280,428 
Amounts falling due after more than one year
Other debtors
7,041,571 
- 
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 
1,187,402 
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).
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