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REGISTERED NUMBER: 09824849 (England and Wales)















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: S A Brown
R S Kelvin CBE
P S Tisdale





Registered office: F4 Beehive Yard
Bath
Somerset
BA1 5BT





Registered number: 09824849 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

That Holdco Limited (Registered number: 09824849)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 580 580

Current assets
Debtors 5 10,318 1,850
Cash at bank 37 43,454
10,355 45,304
Creditors
Amounts falling due within one year 6 7,207 5,069
Net current assets 3,148 40,235
Total assets less current liabilities 3,728 40,815

Creditors
Amounts falling due after more than one
year

7

131,882

156,998
Net liabilities (128,154 ) (116,183 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings (128,254 ) (116,283 )
Shareholders' funds (128,154 ) (116,183 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

That Holdco Limited (Registered number: 09824849)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





S A Brown - Director


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 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

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 3 (2022 - 3 ) .

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 (400 ) 1,850

Amounts falling due after more than one year:
Other debtors 10,718 -

Aggregate amounts 10,318 1,850

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 (196 ) 351
Other creditors 7,403 4,718
7,207 5,069

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Amounts owed to group undertakings 129,482 129,482
Other creditors 2,400 27,516
131,882 156,998

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
90 Ordinary A £1 90 90
10 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.