REGISTERED NUMBER: |
HOOD HOLDINGS LTD |
FINANCIAL STATEMENTS FOR THE PERIOD 1ST DECEMBER 2021 TO 31ST DECEMBER 2022 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
NET BOOK VALUE |
At 31st December 2022 |
At 30th November 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
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. |