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Registration number: 06700448

Franks & Holloway Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Franks & Holloway Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Franks & Holloway Holdings Limited

(Registration number: 06700448)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

524,710

524,710

Current assets

 

Debtors

5

29,715

29,715

Creditors: Amounts falling due within one year

6

(31,600)

(31,600)

Net current liabilities

 

(1,885)

(1,885)

Net assets

 

522,825

522,825

Capital and reserves

 

Called up share capital

150

150

Profit and loss account

522,675

522,675

Total equity

 

522,825

522,825

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 10 November 2023
 

R L Franks
Director

   
     
 

Franks & Holloway Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Woodbury
Worgret Hill
Wareham
Dorset
BH20 6AD

These financial statements were authorised for issue by the director on 10 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exmption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Franks & Holloway Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in subsidiaries

524,710

524,710

Subsidiaries

£

Cost or valuation

At 1 April 2022

524,710

At 31 March 2023

524,710

Carrying amount

At 31 March 2023

524,710

At 31 March 2022

524,710

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Franks & Holloway Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Franks & Holloway Limited

Woodbury
Worgret Hill Wareham
BH20 6AD

Ordinary

100%

100%

 

England

     

Franks & Holloway Consulting Limited

Woodbury
Worgret Hill Wareham
BH20 6AD

Ordinary

100%

100%

 

England

     

Subsidiary undertakings

Franks & Holloway Limited

The principal activity of Franks & Holloway Limited is that of selling reinforced concrete.

Franks & Holloway Consulting Limited

The principal activity of Franks & Holloway Consulting Limited is currently dormant.

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

7

29,715

29,715

 

29,715

29,715

6

Creditors

Due within one year

2023
£

2022
£

Other creditors

31,600

31,600

 

Franks & Holloway Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Related party transactions

Loans to related parties

2023

Subsidiary
£

Total
£

At start of period

29,815

29,815

At end of period

29,815

29,815

2022

Subsidiary
£

Total
£

Advanced

29,815

29,815

At end of period

29,815

29,815

Loans from related parties

2023

Subsidiary
£

Key management
£

Total
£

At start of period

100

31,600

31,700

At end of period

100

31,600

31,700

2022

Subsidiary
£

Key management
£

Total
£

At start of period

285

1,600

1,885

Repaid

(185)

30,000

29,815

At end of period

100

31,600

31,700