Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 09697076 Mr Jasbir Bath Mr Tejit Bath Ubertas Holdings Limited, incorporated in Jersey, true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09697076 2022-07-31 09697076 2023-07-31 09697076 2022-08-01 2023-07-31 09697076 frs-core:CurrentFinancialInstruments 2023-07-31 09697076 frs-core:Non-currentFinancialInstruments 2023-07-31 09697076 frs-core:ShareCapital 2023-07-31 09697076 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09697076 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09697076 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09697076 frs-bus:SmallEntities 2022-08-01 2023-07-31 09697076 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09697076 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09697076 1 2022-08-01 2023-07-31 09697076 frs-bus:Director1 2022-08-01 2023-07-31 09697076 frs-bus:Director2 2022-08-01 2023-07-31 09697076 frs-countries:EnglandWales 2022-08-01 2023-07-31 09697076 2021-07-31 09697076 2022-07-31 09697076 2021-08-01 2022-07-31 09697076 frs-core:CurrentFinancialInstruments 2022-07-31 09697076 frs-core:Non-currentFinancialInstruments 2022-07-31 09697076 frs-core:ShareCapital 2022-07-31 09697076 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09697076
Holthanger Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09697076
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 18,228,487 17,373,036
Debtors 5 1,000 126,000
Cash at bank and in hand 627,982 248,572
18,857,469 17,747,608
Creditors: Amounts Falling Due Within One Year 6 (14,563,672 ) (13,321,932 )
NET CURRENT ASSETS (LIABILITIES) 4,293,797 4,425,676
TOTAL ASSETS LESS CURRENT LIABILITIES 4,293,797 4,425,676
Creditors: Amounts Falling Due After More Than One Year 7 (4,297,960 ) (4,439,454 )
NET LIABILITIES (4,163 ) (13,778 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (4,263 ) (13,878 )
SHAREHOLDERS' FUNDS (4,163) (13,778)
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For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jasbir Bath
Director
17/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Holthanger Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09697076 . The registered office is 21-23 Mossop Street, London, SW3 2LY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
Manufacturing 1 -
3 2
4. Stocks
2023 2022
£ £
Stock 18,228,487 17,373,036
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other debtors - 125,000
Due after more than one year
Other debtors 1,000 1,000
1,000 126,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 61,296 67,846
Bank loans and overdrafts 10,750,000 11,950,000
Other taxes and social security 162 142
Other creditors 3,751,741 1,303,625
Credit card creditor 473 319
14,563,672 13,321,932
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 4,297,960 4,439,454
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Ubertas Holdings Limited, incorporated in Jersey, by virtue of its ownership of 100% of the issued share capital in the company.
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