REGISTERED NUMBER: |
H B Holt Holdings Limited |
Financial Statements for the Year Ended 30th November 2023 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
Regent's Court |
Princess Street |
Hull |
East Yorkshire |
HU2 8BA |
SOLICITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Merger reserve |
Retained earnings |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st December 2022 |
and 30th November 2023 |
NET BOOK VALUE |
At 30th November 2023 |
At 30th November 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
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 |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |