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REGISTERED NUMBER: 11694396 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st March 2024

for

House of Flavours (Holdings) Limited

House of Flavours (Holdings) Limited (Registered number: 11694396)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

House of Flavours (Holdings) Limited

Company Information
For The Year Ended 31st March 2024







DIRECTORS: D J Twiss
Miss L Meek





REGISTERED OFFICE: 10 Forest Vale Road
Forest Vale Industrial Estate
Cinderford
Gloucestershire
GL14 2PH





REGISTERED NUMBER: 11694396 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

House of Flavours (Holdings) Limited (Registered number: 11694396)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 521,734 533,159
Investments 5 1,092,951 1,092,951
1,614,685 1,626,110

CURRENT ASSETS
Debtors 6 15,000 -
Cash at bank 848,963 750,347
863,963 750,347
CREDITORS
Amounts falling due within one year 7 388,273 532,251
NET CURRENT ASSETS 475,690 218,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,090,375

1,844,206

CREDITORS
Amounts falling due after more than one
year

8

281,925

302,267
NET ASSETS 1,808,450 1,541,939

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 1,808,449 1,541,938
SHAREHOLDERS' FUNDS 1,808,450 1,541,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

House of Flavours (Holdings) Limited (Registered number: 11694396)

Balance Sheet - continued
31st March 2024


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 and authorised for issue by the Board of Directors and authorised for issue on 1st August 2024 and were signed on its behalf by:





Miss L Meek - Director


House of Flavours (Holdings) Limited (Registered number: 11694396)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

House of Flavours (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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

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

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 NIL (2023 - NIL).

House of Flavours (Holdings) Limited (Registered number: 11694396)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st April 2023
and 31st March 2024 571,242
DEPRECIATION
At 1st April 2023 38,083
Charge for year 11,425
At 31st March 2024 49,508
NET BOOK VALUE
At 31st March 2024 521,734
At 31st March 2023 533,159

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 1,092,951
NET BOOK VALUE
At 31st March 2024 1,092,951
At 31st March 2023 1,092,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 15,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 20 20
Amounts owed to group undertakings 320,463 440,523
Tax 7,521 6,600
VAT 2,500 2,500
Directors' current accounts 45,131 70,071
Accrued expenses 12,638 12,537
388,273 532,251

House of Flavours (Holdings) Limited (Registered number: 11694396)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 281,925 302,267

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Bank Loan 281,925 302,267

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 281,925 302,267

There is a fixed charge over the company's freehold property to secure the bank loan.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained
earnings
£   

At 1st April 2023 1,541,938
Profit for the year 266,511
At 31st March 2024 1,808,449

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Twiss.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
House of Flavours (Holdings) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of House of Flavours (Holdings) Limited for the year ended 31st March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of House of Flavours (Holdings) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of House of Flavours (Holdings) Limited and state those matters that we have agreed to state to the Board of Directors of House of Flavours (Holdings) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that House of Flavours (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of House of Flavours (Holdings) Limited. You consider that House of Flavours (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of House of Flavours (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 1st August 2024