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REGISTERED NUMBER: 05805599 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hollaroo Limited

Hollaroo Limited (Registered number: 05805599)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Hollaroo Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr H E P Fordham
Mr J J Eagles
Ms K Kelly Batt





REGISTERED OFFICE: c/o Wilson Partners Limited,
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN





REGISTERED NUMBER: 05805599 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Hollaroo Limited (Registered number: 05805599)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,746 3,968

CURRENT ASSETS
Debtors 5 75,192 103,800
Cash at bank 19,992 8,376
95,184 112,176
CREDITORS
Amounts falling due within one year 6 (148,312 ) (134,417 )
NET CURRENT LIABILITIES (53,128 ) (22,241 )
TOTAL ASSETS LESS CURRENT LIABILITIES (49,382 ) (18,273 )

CREDITORS
Amounts falling due after more than one year 7 (178,719 ) (140,755 )
NET LIABILITIES (228,101 ) (159,028 )

CAPITAL AND RESERVES
Called up share capital 2,021 2,021
Share premium 780,084 780,084
Retained earnings (1,010,206 ) (941,133 )
SHAREHOLDERS' FUNDS (228,101 ) (159,028 )

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

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

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 8 April 2024 and were signed on its behalf by:





Mr H E P Fordham - Director


Hollaroo Limited (Registered number: 05805599)

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

1. STATUTORY INFORMATION

Hollaroo 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.

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.

The accounts have been prepared on a going concern basis as the directors believe that there will be sufficient finance available to the company to meet its obligations as they fall due for at least twelve months from the date of approval of these accounts.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts, relating to the year. Where services are contracted in advance, an adjustment is made to recognise income evenly over the contract period.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment.

Computer equipment - 50% on cost

Tangible fixed assets are stated at cost less depreciation.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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 statement of financial position date.


Hollaroo Limited (Registered number: 05805599)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable by the company to the directors pension scheme are charged to the profit and loss account in the period in which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 11,221
Additions 3,191
At 31 December 2023 14,412
DEPRECIATION
At 1 January 2023 7,253
Charge for year 3,413
At 31 December 2023 10,666
NET BOOK VALUE
At 31 December 2023 3,746
At 31 December 2022 3,968

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 41,840 62,000
Other debtors 33,352 41,800
75,192 103,800

Hollaroo Limited (Registered number: 05805599)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 6,480 10,000
Trade creditors 8,338 5,495
Taxation and social security 33,574 26,089
Other creditors 99,920 92,833
148,312 134,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 29,168 31,204
Other creditors 149,551 109,551
178,719 140,755

Included within Other Creditors is a Shareholder loan of £159,550 (2022: £119,550) of which £10,000 is scheduled to be repaid within 12 months. The balance is payable on demand but no later than 31 December 2030.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr H E P Fordham.