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REGISTERED NUMBER: 12258535 (England and Wales)















Holtarka Ltd

Unaudited Financial Statements for the Year Ended 31 October 2023






Holtarka Ltd (Registered number: 12258535)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holtarka Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr R E B Cutler
Mrs C Cutler





REGISTERED OFFICE: 20-22
Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 12258535 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Holtarka Ltd (Registered number: 12258535)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,111 -
Tangible assets 5 550 733
1,661 733

CURRENT ASSETS
Debtors 6 125,551 21,365
Cash at bank 8,080 9,817
133,631 31,182
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

81,118

86,595
NET CURRENT ASSETS/(LIABILITIES) 52,513 (55,413 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,174

(54,680

)

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(13,332

)

(18,332

)

PROVISIONS FOR LIABILITIES (138 ) (139 )
NET ASSETS/(LIABILITIES) 40,704 (73,151 )

Holtarka Ltd (Registered number: 12258535)

Balance Sheet - continued
31 October 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 10 2
Retained earnings 40,694 (73,153 )
40,704 (73,151 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mr R E B Cutler - Director


Holtarka Ltd (Registered number: 12258535)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Holtarka Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents revenue, net of VAT, from commercial transactions under which the company supplies customers the goods and services that it is in business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for those goods and services.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Holtarka Ltd (Registered number: 12258535)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,667
At 31 October 2023 1,667
AMORTISATION
Charge for year 556
At 31 October 2023 556
NET BOOK VALUE
At 31 October 2023 1,111

Holtarka Ltd (Registered number: 12258535)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 1,417
DEPRECIATION
At 1 November 2022 684
Charge for year 183
At 31 October 2023 867
NET BOOK VALUE
At 31 October 2023 550
At 31 October 2022 733

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 125,551 21,365

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 1,176 800
Taxation and social security 68,875 64,733
Other creditors 6,067 16,062
81,118 86,595

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 13,332 18,332

Holtarka Ltd (Registered number: 12258535)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
- Ordinary £1 - 2
4 Ordinary A £1 4 -
3 Ordinary B £1 3 -
1 Ordinary C £1 1 -
1 Ordinary D £1 1 -
1 Ordinary E £1 1 -
10 2

The company issued 8 Ordinary shares as a bonus issue on 31 July 2023.

It then reclassified the share capital on 1 August 2023.

All shares rank pari passu in all respects.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances and credits to the directors of £137,503 (2022 - £6,990) and received £1,791 (2022 - £66,860) of repayments. At the balance sheet date the directors owed the company £123,774 (2022 - the company owed the directors £11,938). This loan is unsecured, interest is charged at 2.25% and repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year the company paid dividends totalling £115,122 (2022 - £179,090) to the directors.