HORAO GROUP LTD

Company Registration Number:
11196062 (England and Wales)

Unaudited abridged accounts for the year ended 27 February 2023

Period of accounts

Start date: 28 February 2022

End date: 27 February 2023

HORAO GROUP LTD

Contents of the Financial Statements

for the Period Ended 27 February 2023

Balance sheet
Notes

HORAO GROUP LTD

Balance sheet

As at 27 February 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 140,381 150,443
Tangible assets: 4 3,915 557
Investments: 5 1 1
Total fixed assets: 144,297 151,001
Current assets
Stocks: 0 0
Debtors:   1,262,620 981,620
Cash at bank and in hand: 7,745 1,522
Investments:   0 0
Total current assets: 1,270,365 983,142
Creditors: amounts falling due within one year:   (4,000) (4,000)
Net current assets (liabilities): 1,266,365 979,142
Total assets less current liabilities: 1,410,662 1,130,143
Creditors: amounts falling due after more than one year:   (44,000) (48,000)
Provision for liabilities: (500) (500)
Total net assets (liabilities): 1,366,162 1,081,643
Capital and reserves
Called up share capital: 18,260 18,260
Share premium account: 1,509,018 1,509,018
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (161,116) (445,635)
Shareholders funds: 1,366,162 1,081,643

The notes form part of these financial statements

HORAO GROUP LTD

Balance sheet statements

For the year ending 27 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 January 2024
and signed on behalf of the board by:

Name: Lee Booth
Status: Director

The notes form part of these financial statements

HORAO GROUP LTD

Notes to the Financial Statements

for the Period Ended 27 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HORAO GROUP LTD

Notes to the Financial Statements

for the Period Ended 27 February 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

HORAO GROUP LTD

Notes to the Financial Statements

for the Period Ended 27 February 2023

3. Intangible Assets

Total
Cost £
At 28 February 2022 150,443
Additions 29,075
Disposals 0
Revaluations 0
Transfers 0
At 27 February 2023 179,518
Amortisation
At 28 February 2022 0
Charge for year 39,137
On disposals 0
At 27 February 2023 39,137
Net book value
At 27 February 2023 140,381
At 27 February 2022 150,443

HORAO GROUP LTD

Notes to the Financial Statements

for the Period Ended 27 February 2023

4. Tangible Assets

Total
Cost £
At 28 February 2022 557
Additions 3,358
Disposals 0
Revaluations 0
Transfers 0
At 27 February 2023 3,915
Depreciation
At 28 February 2022 0
Charge for year 0
On disposals 0
Other adjustments 0
At 27 February 2023 0
Net book value
At 27 February 2023 3,915
At 27 February 2022 557

HORAO GROUP LTD

Notes to the Financial Statements

for the Period Ended 27 February 2023

5. Fixed investments

Ownership of subsidiary company Venueserve UK LtdOwnership of subsidiary company Venueserve Group Limited