1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,311,421 194,515 23,836 218,351 1,093,070 1,116,906 870,802 28,325 842,477 842,477 xbrli:pure xbrli:shares iso4217:GBP 08592848 2023-01-01 2023-12-31 08592848 2023-12-31 08592848 2022-12-31 08592848 2022-01-01 2022-12-31 08592848 2022-12-31 08592848 2021-12-31 08592848 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08592848 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08592848 bus:Director1 2023-01-01 2023-12-31 08592848 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 08592848 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 08592848 core:WithinOneYear 2023-12-31 08592848 core:WithinOneYear 2022-12-31 08592848 core:AfterOneYear 2022-12-31 08592848 core:ShareCapital 2023-12-31 08592848 core:ShareCapital 2022-12-31 08592848 core:RetainedEarningsAccumulatedLosses 2023-12-31 08592848 core:RetainedEarningsAccumulatedLosses 2022-12-31 08592848 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 08592848 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-12-31 08592848 core:Non-currentFinancialInstruments 2023-12-31 08592848 core:Non-currentFinancialInstruments 2022-12-31 08592848 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 08592848 bus:SmallEntities 2023-01-01 2023-12-31 08592848 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08592848 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08592848 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08592848 bus:FullAccounts 2023-01-01 2023-12-31 08592848 bus:OrdinaryShareClass1 2023-12-31 08592848 bus:OrdinaryShareClass1 2022-12-31 08592848 core:AfterOneYear 2023-01-01 2023-12-31 08592848 core:OtherRelatedParties 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 08592848
HOHS Holdings Ltd
Unaudited financial statements
For the year ended
31 December 2023
HOHS Holdings Ltd
Statement of financial position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
1,093,070
1,116,906
Investments
7
842,477
842,477
-----------
-----------
1,935,547
1,959,383
Current assets
Cash at bank and in hand
749
453
Creditors: Amounts falling due within one year
8
( 1,172,268)
( 1,178,744)
-----------
-----------
Net current liabilities
( 1,171,519)
( 1,178,291)
-----------
-----------
Total assets less current liabilities
764,028
781,092
Creditors: Amounts falling due after more than one year
9
( 65,488)
Provisions
Taxation including deferred tax
( 35,084)
( 35,938)
---------
---------
Net assets
728,944
679,666
---------
---------
Capital and reserves
Called up share capital
10
207,500
207,500
Profit and loss account
521,444
472,166
---------
---------
Shareholders funds
728,944
679,666
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HOHS Holdings Ltd
Statement of financial position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 6 September 2024 , and are signed on behalf of the board by:
D P Church
Director
Company registration number: 08592848
HOHS Holdings Ltd
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company, registration number 08592848 , is a private company limited by shares, registered in England and Wales. The address of the registered office is Units G2 - G4 Boundary Road, Great Yarmouth, Norfolk, NR31 0LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis .
Going concern
The accounts have been prepared on a going concern basis which assumes the continued support of the subsidiary company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Turnover represents rental income from the letting of the company's freehold property. Income from property rental is accounted for in the period in which it relates.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
4. Employee numbers
The average number of employees during the year was 1 (2022: 1 ).
5. Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
6. Tangible assets
Freehold property
£
Cost
At 1 January 2023 and 31 December 2023
1,311,421
-----------
Depreciation
At 1 January 2023
194,515
Charge for the year
23,836
-----------
At 31 December 2023
218,351
-----------
Carrying amount
At 31 December 2023
1,093,070
-----------
At 31 December 2022
1,116,906
-----------
Included within freehold land and buildings is land with a value of £120,000 which is not depreciated.
7. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 31 December 2023
870,802
---------
Impairment
At 1 January 2023 and 31 December 2023
28,325
---------
Carrying amount
At 31 December 2023
842,477
---------
At 31 December 2022
842,477
---------
The company owns 100% of the issued share capital of Hydramec Offshore Hydraulic Systems Limited (registration number 04364570).
8. Creditors: Amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
61,124
71,600
Amounts owed to group undertakings and undertakings in which the company has a participating interest
944,254
893,461
Social security and other taxes
3,890
46,683
Other creditors
163,000
167,000
-----------
-----------
1,172,268
1,178,744
-----------
-----------
Included within creditors amounts falling due within one year is an amount of £61,124 (2022: £71,600) which is secured by a fixed and floating charge over the assets of the company.
9. Creditors: Amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
65,488
----
-------
Included within creditors amounts falling due after more than one year is an amount of £0 (2022: £65,488) which is secured by a fixed and floating charge over the assets of the company.
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
207,500
207,500
207,500
207,500
---------
---------
---------
---------
11. Related party transactions
As at 31 December 2023 the company owed subsidiary company Hydramec Offshore Hydraulic Systems Limited £944,254 (2022: £893,461). No interest is payable on this loan.