Registered number
12780133
Houlahan Capital Limited
Filleted Accounts
31 July 2023
Houlahan Capital Limited
Registered number: 12780133
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,123 2,783
Investments 4 1,116,819 936,444
1,118,942 939,227
Current assets
Debtors 5 70,450 363,561
Cash at bank and in hand 1,058 55,713
71,508 419,274
Creditors: amounts falling due within one year 6 (137,238) (497,441)
Net current liabilities (65,730) (78,167)
Total assets less current liabilities 1,053,212 861,060
Creditors: amounts falling due after more than one year 7 (118,979) -
Net assets 934,233 861,060
Capital and reserves
Called up share capital 1 1
Profit and loss account 934,232 861,059
Shareholder's funds 934,233 861,060
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Houlahan
Director
Approved by the board on 26 April 2024
Houlahan Capital Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 5,459
Additions 940
At 31 July 2023 6,399
Depreciation
At 1 August 2022 2,676
Charge for the year 1,600
At 31 July 2023 4,276
Net book value
At 31 July 2023 2,123
At 31 July 2022 2,783
4 Investments
Other
investments
£
Cost
At 1 August 2022 936,444
Additions 180,375
At 31 July 2023 1,116,819
5 Debtors 2023 2022
£ £
Trade debtors 20,000 57,500
Other debtors 50,450 306,061
70,450 363,561
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,240 26,500
Taxation and social security costs 39,603 234,751
Other creditors 95,395 236,190
137,238 497,441
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 118,979 -
8 Other information
Houlahan Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 London Wall Place
London
EC2Y 5AU
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