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Registered number: 09356678
Little Hollow Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09356678
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 13,845
Tangible Assets 5 2,583 2,468
Investments 6 30 30
2,613 16,343
CURRENT ASSETS
Debtors 7 46 -
Cash at bank and in hand 1,244 257
1,290 257
Creditors: Amounts Falling Due Within One Year 8 (41,847 ) (44,210 )
NET CURRENT ASSETS (LIABILITIES) (40,557 ) (43,953 )
TOTAL ASSETS LESS CURRENT LIABILITIES (37,944 ) (27,610 )
NET LIABILITIES (37,944 ) (27,610 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (38,044 ) (27,710 )
SHAREHOLDERS' FUNDS (37,944) (27,610)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hendre Moolman
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Little Hollow Ltd is a private company, limited by shares, incorporated in United States, registered number 09356678 . The registered office is 15 Waters End, Stotfold, Bedfordshire, SG5 4QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of investments made in cryptocurrency held at cost. As these investments have an indefinite economic useful life, they are not amortised and are reviewed for impairment annualy.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance basis
Computer Equipment 20% on reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 2,523 2,872 5,395
Additions 590 218 808
As at 31 December 2023 3,113 3,090 6,203
Depreciation
As at 1 January 2023 1,866 1,061 2,927
Provided during the period 288 405 693
As at 31 December 2023 2,154 1,466 3,620
Net Book Value
As at 31 December 2023 959 1,624 2,583
As at 1 January 2023 657 1,811 2,468
6. Investments
Unlisted
£
Cost
As at 1 January 2023 30
As at 31 December 2023 30
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 30
As at 1 January 2023 30
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 46 -
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Directors' loan accounts 41,847 44,210
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Hendre Moolman by virtue of his ownership of 100% of the issued share capital in the company.
Page 5