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REGISTERED NUMBER: SC549249 (Scotland)















HOOD HOLDINGS LTD

FINANCIAL STATEMENTS FOR THE PERIOD 1ST DECEMBER 2021 TO 31ST DECEMBER 2022






HOOD HOLDINGS LTD (REGISTERED NUMBER: SC549249)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST DECEMBER 2021 TO 31ST DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOOD HOLDINGS LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST DECEMBER 2021 TO 31ST DECEMBER 2022







DIRECTOR: N J S Hood





REGISTERED OFFICE: 11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT





REGISTERED NUMBER: SC549249 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT

HOOD HOLDINGS LTD (REGISTERED NUMBER: SC549249)

BALANCE SHEET
31ST DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 200 200

CURRENT ASSETS
Debtors 5 209,795 149,000

CREDITORS
Amounts falling due within one year 6 208,945 149,100
NET CURRENT ASSETS/(LIABILITIES) 850 (100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,050

100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 950 -
1,050 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd February 2024 and were signed by:



N J S Hood - Director


HOOD HOLDINGS LTD (REGISTERED NUMBER: SC549249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST DECEMBER 2021 TO 31ST DECEMBER 2022


1. STATUTORY INFORMATION

Hood Holdings Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 1 ) .

HOOD HOLDINGS LTD (REGISTERED NUMBER: SC549249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST DECEMBER 2021 TO 31ST DECEMBER 2022


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st December 2021
and 31st December 2022 200
NET BOOK VALUE
At 31st December 2022 200
At 30th November 2021 200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 45,622 66,138
Other debtors 164,173 82,862
209,795 149,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 95,937 -
Taxation and social security 4,972 -
Other creditors 108,036 149,100
208,945 149,100

7. RELATED PARTY DISCLOSURES

Debtors includes an amount of £45,622 due from Hood Projects Ltd, a wholly owned subsidiary company.

Creditors includes an amount of £95,937 due to Hood Property Ltd, a wholly owned subsidiary company.

During the period, management charges of £30,335 were invoiced to Hood Property Dennyloanhead Ltd, a company controlled by the director. In addition, there were accrued management charges of £97,500 to Hood Property Cardona Ltd, a company also controlled by the director.

Debtors also includes an amount of £160,061 due from Hood Property Cardona Ltd.

Creditors also includes an amount of £84,343 due to Hood Property Dennyloanhead Ltd.