Company No:
Contents
Note | 30.04.2023 | |
£ | ||
Fixed assets | ||
Intangible assets | 3 |
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Tangible assets | 4 |
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Investments | 5 |
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5,883,299 | ||
Current assets | ||
Cash at bank and in hand |
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305,300 | ||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (690,178) | |
Total assets less current liabilities | 5,193,121 | |
Creditors: amounts falling due after more than one year | 7 | (
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Net assets |
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Capital and reserves | ||
Called-up share capital | 8 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Actea Holdings Limited (registered number:
Richard John Bland
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Actea Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1f Long Acre, Saltash, PL12 6LZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Trademarks, patents and licences |
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Plant and machinery |
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Vehicles |
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Fixtures and fittings |
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Office equipment |
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Computer equipment |
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Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 29.11.2021 to 30.04.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Trademarks, patents and licences |
Total | ||
£ | £ | ||
Cost | |||
At 29 November 2021 |
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Additions |
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At 30 April 2023 |
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Accumulated amortisation | |||
At 29 November 2021 |
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Charge for the financial period |
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At 30 April 2023 |
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Net book value | |||
At 30 April 2023 |
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Plant and machinery | Vehicles | Fixtures and fittings | Office equipment | Computer equipment | Total | ||||||
£ | £ | £ | £ | £ | £ | ||||||
Cost | |||||||||||
At 29 November 2021 |
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Additions |
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At 30 April 2023 |
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Accumulated depreciation | |||||||||||
At 29 November 2021 |
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Charge for the financial period |
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At 30 April 2023 |
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Net book value | |||||||||||
At 30 April 2023 |
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Investments in subsidiaries
30.04.2023 | |
£ | |
Cost | |
At 29 November 2021 | 0 |
Additions |
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At 30 April 2023 |
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Carrying value at 30 April 2023 |
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30.04.2023 | |
£ | |
Amounts owed to own subsidiaries |
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Other loans |
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Accruals |
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Taxation and social security |
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30.04.2023 | |
£ | |
Amounts owed to directors |
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Other loans |
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Amounts repayable after more than 5 years are included in creditors falling due over one year:
30.04.2023 | |
£ | |
Other loans (repayable by instalments) |
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30.04.2023 | |
£ | |
Allotted, called-up and fully-paid | |
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Transactions with entities in which the entity itself has a participating interest
As a Holding Company with wholly owned subsidiaries, the company has taken the advantage of the exemption contained in s. 1AC.35 of FRS102, and not disclosed transactions or balances with wholly owned group entities.
Transactions with the entity's directors
At the period end, the Directors were owed £424,992 from the Company. No interest is charged on this balance and the loan is due to be repaid in 10 years.