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REGISTERED NUMBER: 02514733 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Spectrum Holdings Limited

Spectrum Holdings Limited (Registered number: 02514733)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Spectrum Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: C P Roche





REGISTERED OFFICE: 64 Orton Lane
Wombourne
Wolverhampton
WV5 9AW





REGISTERED NUMBER: 02514733 (England and Wales)






Spectrum Holdings Limited (Registered number: 02514733)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100,001 100,001

CURRENT ASSETS
Debtors 5 11,761 11,761
NET CURRENT ASSETS 11,761 11,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,762

111,762

CAPITAL AND RESERVES
Called up share capital 6 69,627 69,627
Retained earnings 42,135 42,135
SHAREHOLDERS' FUNDS 111,762 111,762

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2024 and were signed by:




C P Roche - Director


Spectrum Holdings Limited (Registered number: 02514733)

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

1. STATUTORY INFORMATION

Spectrum Holdings Limited 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.

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.

Related party exemption
The company has taken advantage of exemption available in accordance with FRS 102 'Section 33 Paragraph 33.1A' whereby it has not disclosed transactions with any wholly owned subsidiary undertaking.

Investments in subsidiaries
Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at costs less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 1 (2022 - 1 ) .

Spectrum Holdings Limited (Registered number: 02514733)

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

4. FIXED ASSET INVESTMENTS

The value of £100,001 relates to the original Investment in the whole of the share capital of Spectrum Franchising Ltd.

Spectrum Franchising Ltd trades under the franchise brand, Rainbow Restoration, and at 31st December 2023 that company had a net asset value of £1,202,543 (2022 - £1,182,007).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 11,761 11,761

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,875 Ordinary £1 1 1,875 1,875
25,200 B Ordinary 1p 1p 252 252
67,500 C Ordinary £1 1 67,500 67,500
69,627 69,627

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Consortium Group RF Ltd.