Registration number:
Franks & Holloway Holdings Limited
for the Year Ended 31 March 2023
Franks & Holloway Holdings Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Franks & Holloway Holdings Limited
(Registration number: 06700448)
Balance Sheet as at 31 March 2023
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2023 |
2022 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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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:
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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
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Franks & Holloway Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year was
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 April 2022 |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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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 |
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2023 |
2022 |
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Subsidiary undertakings |
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Woodbury
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Ordinary |
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England |
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Woodbury
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Ordinary |
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England |
Subsidiary undertakings |
Franks & Holloway Limited The principal activity of Franks & Holloway Limited is |
Franks & Holloway Consulting Limited The principal activity of Franks & Holloway Consulting Limited is |
Debtors |
Note |
2023 |
2022 |
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Amounts owed by related parties |
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Creditors |
Due within one year |
2023 |
2022 |
Other creditors |
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Franks & Holloway Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Related party transactions |
Loans to related parties
2023 |
Subsidiary |
Total |
At start of period |
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At end of period |
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2022 |
Subsidiary |
Total |
Advanced |
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At end of period |
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Loans from related parties
2023 |
Subsidiary |
Key management |
Total |
At start of period |
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At end of period |
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2022 |
Subsidiary |
Key management |
Total |
At start of period |
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Repaid |
( |
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At end of period |
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