REGISTERED NUMBER: |
That Holdco Limited |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
That Holdco Limited |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
That Holdco Limited (Registered number: 09824849) |
Contents of the Financial Statements |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
That Holdco Limited |
Company Information |
for the year ended 31 December 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
250 Fowler Avenue |
Farnborough |
Hampshire |
GU14 7JP |
That Holdco Limited (Registered number: 09824849) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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. |
That Holdco Limited (Registered number: 09824849) |
Balance Sheet - continued |
31 December 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
That Holdco Limited (Registered number: 09824849) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | Statutory information |
That Holdco Limited is a |
2. | Accounting policies |
Accounting convention |
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. |
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below. |
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and the ultimate controlling party will give continued support. Hence, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Turnover |
Turnover is recognised at the fair value of the consideration received or receivable for rent, and is shown net of VAT and other sales related taxes. |
Judgements and key sources of estimation uncertainty |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
That Holdco Limited (Registered number: 09824849) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
2. | Accounting policies - continued |
Investments in subsidiaries |
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
Impairment of fixed assets |
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at |
transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised. |
Basic financial liabilities |
Basic financial liabilities, including creditors, and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. |
Taxation |
The tax expense represents the sum of the tax currently payable and deferred tax. |
Current tax |
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. |
Deferred tax |
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Cash at bank and in hand |
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks. |
Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
3. | Employees and directors |
The average number of employees during the year was |
That Holdco Limited (Registered number: 09824849) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
4. | Fixed asset investments |
Subsidiaries |
Details of the company's subsidiaries at 31 December 2022 are as follows: |
Name of undertaking | Address | Class of | %Held |
shares held | Direct | Indirect |
That Bournemouth Company 2 Limited | 1 | Ordinary | 60.00 |
That Bournemouth Company 3 Limited | 1 | Ordinary | 60.00 |
That Clifton Company Limited | 1 | Ordinary | 60.00 |
That Portsmouth Company Limited | 1 | Ordinary | 60.00 |
That Torquay Company Limited | 1 | Ordinary | 100.00 |
That Portsmouth Company 2 Limited | 1 | Ordinary | 60.00 |
That Bath Company Limited | 1 | Ordinary | 60.00 |
That Torquay H1 Limited | 1 | Ordinary | 100.00 |
That Torquay H2 Limited | 1 | Ordinary | 100.00 |
That Torquay Offices Limited | 1 | Ordinary | 100.00 |
That Torquay Ground floor Limited | 1 | Ordinary | 100.00 |
That Torquay Hotel Limited | 1 | Ordinary | 100.00 |
That Bournemouth Company 4 Limited | 1 | Ordinary | 60.00 |
That Torquay Company 2 Limited | 1 | Ordinary | 60.00 |
Registered office addresses (all UK unless otherwise indicated): |
1. F4 Beehive Yard, Bath, England, BA1 5BT |
£ |
Brought forward | 580 |
Movement | (0 | ) |
Carried forward | 580 |
5. | Debtors |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Other debtors | ( |
) |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
Included in other debtors is £10,718 (2022 £nil), owed from a connected company. |
That Holdco Limited (Registered number: 09824849) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors | ( |
) |
Other creditors |
7. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary A | £1 | 90 | 90 |
Ordinary B | £1 | 10 | 10 |
100 | 100 |
9. | Financial commitments |
The Royal bank of Scotland PLC and Torbay Council have fixed and floating charges over the company's investment property. |
10. | Related party disclosures |
The company has taken advantage of the exemption available in FRS 102 from the requirement to disclose transactions with group companies. |
Included in creditors, amounts due after more than one year, is an amount of £2,400 (2022: £4,116) owed to a director. |