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REGISTERED NUMBER: 14068701 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 April 2024

for

Hold The Line (Polo) Limited

Hold The Line (Polo) Limited (Registered number: 14068701)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hold The Line (Polo) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Ms M S Eden





REGISTERED OFFICE: Ground Floor
123 Pall Mall
St. James's
London
SW1Y 5EA





REGISTERED NUMBER: 14068701 (England and Wales)





ACCOUNTANTS: Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA

Hold The Line (Polo) Limited (Registered number: 14068701)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,197,303 -

CURRENT ASSETS
Debtors 5 263,864 1
Cash at bank 93,833 -
357,697 1
CREDITORS
Amounts falling due within one year 6 (152,300 ) (9,000 )
NET CURRENT ASSETS/(LIABILITIES) 205,397 (8,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,402,700

(8,999

)

CREDITORS
Amounts falling due after more than one year 7 (1,547,151 ) -
NET LIABILITIES (144,451 ) (8,999 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (144,452 ) (9,000 )
(144,451 ) (8,999 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 21 November 2024 and were signed by:





Ms M S Eden - Director


Hold The Line (Polo) Limited (Registered number: 14068701)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Hold The Line (Polo) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Brand Development costs are being amortised evenly over their estimated useful life of ten years.

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.

Going concern
The financial statements have been prepared on a going concern basis even though the company shows net liabilities of £144,451 (2023: £8,999) in the balance sheet.

The ultimate controlling party has confirmed his intention to provide sufficient financial support to the company so as to enable it to meet its liabilities as they fall due and to enable it to carry on its business for the foreseeable future. Consequently, the director concluded that the company has adequate resources to pay its liabilities as and when due for the foreseeable future. For these reasons, he continues to adopt the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Hold The Line (Polo) Limited (Registered number: 14068701)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,197,303
At 30 April 2024 1,197,303
NET BOOK VALUE
At 30 April 2024 1,197,303

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 263,864 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 148,800 -
Other creditors 3,500 9,000
152,300 9,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 1,547,151 -

8. RELATED PARTY DISCLOSURES

During the year, the company has received loans from Alexandr Garese, the ultimate beneficial owner, amounting to the principal amount of €1,800,000 (equivalent to £1,551,140). As at year end, balance payable was €1,811,944 (equivalent to £1,547,151, including interest of €11,945 (equivalent to £10,289). The loans have interest payable of 2% and are repayable in September 2028.

Included in debtors is an amount of £6,809 (2023: £NIL) due from Hold the Line Productions Ltd, a company under common management.

9. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the ultimate controlling party is Mr A Garese .