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REGISTERED NUMBER: 14223035 (England and Wales)















Financial Statements for the Period 8 July 2022 to 31 December 2023

for

Horaceuk Ltd

Horaceuk Ltd (Registered number: 14223035)






Contents of the Financial Statements
for the Period 8 July 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Horaceuk Ltd

Company Information
for the Period 8 July 2022 to 31 December 2023







DIRECTORS: M Briant-Terlet
K Mazzilli





SECRETARY: Pramex International Ltd





REGISTERED OFFICE: 11 Old Jewry 11 Old Jewry
8th Floor
London
EC2R 8DU





REGISTERED NUMBER: 14223035 (England and Wales)





AUDITORS: WD Audit Limited (Statutory Auditor)
111 Charterhouse Street
5th Floor
London
ENGLAND
EC1M 6AW

Horaceuk Ltd (Registered number: 14223035)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 79,790

CURRENT ASSETS
Stocks 92,822
Debtors 5 134,133
Cash at bank 547,593
774,548
CREDITORS
Amounts falling due within one year 6 1,741,922
NET CURRENT LIABILITIES (967,374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(887,584

)

CAPITAL AND RESERVES
Called up share capital 1,000
Retained earnings (888,584 )
SHAREHOLDERS' FUNDS (887,584 )

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 4 October 2024 and were signed on its behalf by:





M Briant-Terlet - Director


Horaceuk Ltd (Registered number: 14223035)

Notes to the Financial Statements
for the Period 8 July 2022 to 31 December 2023

1. STATUTORY INFORMATION

Horaceuk 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixture and fitting: 20% straight Line
Office Equipment: 20% staright Line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock held as at 31.12.23 was valued at £92,822.

Taxation
Taxation for the period 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 period 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.

Horaceuk Ltd (Registered number: 14223035)

Notes to the Financial Statements - continued
for the Period 8 July 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 83,753
At 31 December 2023 83,753
DEPRECIATION
Charge for period 3,963
At 31 December 2023 3,963
NET BOOK VALUE
At 31 December 2023 79,790

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 77,173
Other debtors 29,354
Accrued income and prepayments 27,606
134,133

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 182,102
Amounts owed to group undertakings 1,482,061
Taxation and social security 46,460
Other creditors 31,299
1,741,922

Horaceuk Ltd (Registered number: 14223035)

Notes to the Financial Statements - continued
for the Period 8 July 2022 to 31 December 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 80,000
Between one and five years 332,500
412,500

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

The Report of the Auditors was unqualified.

Roy Davis (Senior Statutory Auditor)
for and on behalf of WD Audit Limited (Statutory Auditor)

9. RELATED PARTY DISCLOSURES

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.

The total balance with the parent company at the balance sheet date is £1,482,061

10. ULTIMATE CONTROLLING PARTY

The immediate parent company is Olbo SAS, a company incorporated in France, for which the registered office is 141 rue d'Aboukir, 75002, Paris.

The company consider there no to be any ultimate controlling party.