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Registered number: 11195870
Holda Ltd
Unaudited Financial Statements
For the Period 1 March 2023 to 31 May 2024
Paramount Accountancy Ltd
Chartered Accountants
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Holda Ltd For the Period 1 March 2023 to 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Holda Ltd For the Period 1 March 2023 to 31 May 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Holda Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Holda Ltd and state those matters that we have agreed to state to the director of Holda Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holda Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Holda Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Holda Ltd . You consider that Holda Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Holda Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
27 July 2024
Paramount Accountancy Ltd
Chartered Accountants
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Page 1
Page 2
Statement of Financial Position
Registered number: 11195870
31 May 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,601,228 1,669,146
2,601,228 1,669,146
CURRENT ASSETS
Cash at bank and in hand 8,714 4,469
8,714 4,469
Creditors: Amounts Falling Due Within One Year 5 (471,870 ) (257,922 )
NET CURRENT ASSETS (LIABILITIES) (463,156 ) (253,453 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,138,072 1,415,693
Creditors: Amounts Falling Due After More Than One Year 6 (1,366,778 ) (948,096 )
NET ASSETS 771,294 467,597
CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 790,571 479,924
Income Statement (19,278 ) (12,328 )
SHAREHOLDERS' FUNDS 771,294 467,597
Page 2
Page 3
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Income Statement.
On behalf of the board
Mrs Mary Hardcastle
Director
27 July 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Holda Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11195870 . The registered office is Holda House, 23 Bell Street, Huddersfield, HD4 6PE.
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. 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.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Investment Property
31 May 2024
£
Fair Value
As at 1 March 2023 1,669,146
Additions 621,435
Revaluations 310,647
As at 31 May 2024 2,601,228
5. Creditors: Amounts Falling Due Within One Year
31 May 2024 28 February 2023
£ £
Bank loans and overdrafts 5,612 5,263
Accruals and deferred income 2,573 2,424
Director's loan account 463,685 250,235
471,870 257,922
Page 4
Page 5
6. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 28 February 2023
£ £
Bank loans 946,778 948,096
Other loans 420,000 -
1,366,778 948,096
7. Share Capital
31 May 2024 28 February 2023
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
Revaluation Reserve
£
As at 1 March 2023 479,924
Surplus on revaluation 310,647
As at 31 May 2024 790,571
Page 5