Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3102023-04-01falseNo description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07571754 2023-04-01 2024-03-31 07571754 2022-04-01 2023-03-31 07571754 2024-03-31 07571754 2023-03-31 07571754 2022-04-01 07571754 c:Director3 2023-04-01 2024-03-31 07571754 d:CurrentFinancialInstruments 2024-03-31 07571754 d:CurrentFinancialInstruments 2023-03-31 07571754 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07571754 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07571754 d:ShareCapital 2023-04-01 2024-03-31 07571754 d:ShareCapital 2024-03-31 07571754 d:ShareCapital 2023-03-31 07571754 d:ShareCapital 2022-04-01 07571754 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07571754 d:RetainedEarningsAccumulatedLosses 2024-03-31 07571754 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07571754 d:RetainedEarningsAccumulatedLosses 2023-03-31 07571754 d:RetainedEarningsAccumulatedLosses 2022-04-01 07571754 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07571754 c:OrdinaryShareClass1 2024-03-31 07571754 c:OrdinaryShareClass1 2023-03-31 07571754 c:OrdinaryShareClass2 2023-04-01 2024-03-31 07571754 c:OrdinaryShareClass2 2024-03-31 07571754 c:OrdinaryShareClass2 2023-03-31 07571754 c:FRS102 2023-04-01 2024-03-31 07571754 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07571754 c:FullAccounts 2023-04-01 2024-03-31 07571754 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07571754 d:Subsidiary1 2023-04-01 2024-03-31 07571754 d:Subsidiary1 1 2023-04-01 2024-03-31 07571754 d:Subsidiary2 2023-04-01 2024-03-31 07571754 d:Subsidiary2 1 2023-04-01 2024-03-31 07571754 6 2023-04-01 2024-03-31 07571754 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07571754










HOULTS HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HOULTS HOLDINGS LIMITED
REGISTERED NUMBER: 07571754

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2,141
2,123

  
2,141
2,123

Current assets
  

Debtors: amounts falling due within one year
 5 
3,004,040
325,750

Cash at bank and in hand
 6 
18
8

  
3,004,058
325,758

Creditors: amounts falling due within one year
  
(200,000)
-

Net current assets
  
 
 
2,804,058
 
 
325,758

Total assets less current liabilities
  
2,806,199
327,881

  

Net assets
  
2,806,199
327,881


Capital and reserves
  

Called up share capital 
  
36
18

Profit and loss account
  
2,806,163
327,863

  
2,806,199
327,881


Page 1

 
HOULTS HOLDINGS LIMITED
REGISTERED NUMBER: 07571754
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2024.




A K Hoult
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
HOULTS HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
18
327,863
327,881



Profit for the year
-
90,000
90,000

Dividends: Equity capital
-
(90,000)
(90,000)



At 1 April 2023
18
327,863
327,881



Profit for the year
-
2,703,300
2,703,300

Dividends: Equity capital
-
(225,000)
(225,000)

Shares issued during the year
18
-
18


At 31 March 2024
36
2,806,163
2,806,199


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
HOULTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private limited company, which is incorporated and registered in England (no. 07571754). The address of the registered office is Maling Exchange, Hoults Yard, Walker Road, Newcastle upon Tyne, NE6 2HL. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
HOULTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
2,123


Additions
18



At 31 March 2024
2,141





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Hoults Limited
Maling Exchange, Hoults Yard, Walker Road, Newcastle upon Tyne, NE6 2HL
Ordinary
100%
Hoults Enterprises Limited
As above
Ordinary
100%

Page 5

 
HOULTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Subsidiary undertakings (continued)

The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Hoults Limited

3,599,356
160,301

Hoults Enterprises Limited

1
199,888

The results of Hoults Enterprises Limited are from the accounts for the 16 months ending 31 July 2024.


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
3,004,040
325,740

Called up share capital not paid
-
10

3,004,040
325,750



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18
8

18
8



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
200,000
-

200,000
-



8.


Share capital

Page 6

 
HOULTS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
£
£
Allotted, called up and fully paid



27,000 (2023 - 8,000) A Ordinary shares of £0.001 each
27.00
8.00
9,000 (2023 - ) B Ordinary shares of £0.001 each
9.00
-

36.00

8.00

Allotted, called up and partly paid



0 (2023 - 5,500) A Ordinary shares of £0.001 each
-
5.50
0 (2023 - 4,500) B Ordinary shares of £0.001 each
-
4.50

-

10.00


On 30 June 2023 the company allotted 13,500 A ordinary shares of £0.001 each in addition to 4,500 B ordinary shares of £0.001 each.
At 30 June 2023 the previously reported partly paid shareholding became fully paid.


9.


Related party transactions

On 30 June 2023 the board approved a Group reorganisation. 
Hoults Enterprises Limited became a wholly owned subsidiary of Hoults Holdings Limited by way of a share for share exchange facilitated by the issue of the additional shares described in note 8.
Hoults Enterprises Limited is a private company limited by shares incorporated in England and Wales. Its registered office is Maling Exchange, Hoults Yard, Walker Road, Newcastle upon Tyne, NE6 2HL and the company number is 07571775.  

 
Page 7