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REGISTERED NUMBER: 13704065 (England and Wales)






















H B Holt Holdings Limited

Financial Statements for the Year Ended 30th November 2023






H B Holt Holdings Limited (Registered number: 13704065)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H B Holt Holdings Limited

Company Information
for the year ended 30th November 2023







DIRECTORS: Mrs M Holt
S M Holt



REGISTERED OFFICE: Unit 1
Holt Business Park
Rawcliffe Road
Airmyn
East Yorkshire
DN14 8FE



REGISTERED NUMBER: 13704065 (England and Wales)



AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA



SOLICITORS: Gosschalks
Queens Gardens
Dock Street
Hull
HU1 3DZ

H B Holt Holdings Limited (Registered number: 13704065)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,635,833 3,635,833

CURRENT ASSETS
Debtors 5 2 2

CREDITORS
Amounts falling due within one year 6 1,714,835 1,675,835
NET CURRENT LIABILITIES (1,714,833 ) (1,675,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,921,000

1,960,000

CREDITORS
Amounts falling due after more than one
year

7

-

100,000
NET ASSETS 1,921,000 1,860,000

CAPITAL AND RESERVES
Called up share capital 100 100
Merger reserve 1,799,900 1,799,900
Retained earnings 121,000 60,000
1,921,000 1,860,000

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 Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:





S M Holt - Director


H B Holt Holdings Limited (Registered number: 13704065)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

H B Holt 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.

Going Concern
In forming their going concern assessment, the directors have reviewed the anticipated trading performance of its subsidiary over the next 12 months. Having considered this and other available factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements and have therefore adopted the going concern basis in preparing these financial statements.

Preparation of consolidated financial statements
The financial statements contain information about H B Holt Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investments are reviewed for potential impairment annually. When an impairment review is deemed to be required, the recoverable amount of the asset is assessed with reference to the present value of future cash flows or expected fair value.

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.


H B Holt Holdings Limited (Registered number: 13704065)

Notes to the Financial Statements - continued
for the year ended 30th November 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.

Business combinations
Business combinations are accounted for using the purchase method as at acquisition date, which is the date on which control is transferred to the entity.

At the acquisition date, the group recognises goodwill at the acquisition date as:

- the fair value of the consideration (excluding contingent consideration) transferred; plus
- estimated amount of contingent consideration (see below); plus
- the fair value of the equity instruments issued; plus
- directly attributable transaction costs; less
- the net recognised amount (generally fair value) of the identifiable assets acquired and
- liabilities and contingent liabilities assumed.

When the excess is negative, this is recognised and separately disclosed on the face of the balance sheet as negative goodwill.

Consideration which is contingent on future events is recognised based on the estimated amount if the contingent consideration is probable and can be measured reliably. Any subsequent changes to the amount are treated as an adjustment to the cost of the acquisition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st December 2022
and 30th November 2023 3,635,833
NET BOOK VALUE
At 30th November 2023 3,635,833
At 30th November 2022 3,635,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2 2

H B Holt Holdings Limited (Registered number: 13704065)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,614,835 1,375,835
Other creditors 100,000 300,000
1,714,835 1,675,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 100,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Lamb FCA CF (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £158,000 (2022 - £181,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.