IRIS Accounts Production v24.2.0.383 10349113 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false false true false Ordinary 1p shares 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103491132023-03-31103491132024-03-31103491132023-04-012024-03-31103491132022-03-31103491132022-04-012023-03-31103491132023-03-3110349113ns15:EnglandWales2023-04-012024-03-3110349113ns14:PoundSterling2023-04-012024-03-3110349113ns10:Director12023-04-012024-03-3110349113ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110349113ns10:SmallEntities2023-04-012024-03-3110349113ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110349113ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110349113ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110349113ns10:FullAccounts2023-04-012024-03-311034911312023-04-012024-03-3110349113ns10:OrdinaryShareClass32023-04-012024-03-3110349113ns10:Director22023-04-012024-03-3110349113ns10:Director32023-04-012024-03-3110349113ns10:Director42023-04-012024-03-3110349113ns10:RegisteredOffice2023-04-012024-03-3110349113ns5:CurrentFinancialInstruments2024-03-3110349113ns5:CurrentFinancialInstruments2023-03-3110349113ns5:Non-currentFinancialInstruments2024-03-3110349113ns5:Non-currentFinancialInstruments2023-03-3110349113ns5:ShareCapital2024-03-3110349113ns5:ShareCapital2023-03-3110349113ns5:SharePremium2024-03-3110349113ns5:SharePremium2023-03-3110349113ns5:CapitalRedemptionReserve2024-03-3110349113ns5:CapitalRedemptionReserve2023-03-3110349113ns5:RetainedEarningsAccumulatedLosses2024-03-3110349113ns5:RetainedEarningsAccumulatedLosses2023-03-3110349113ns5:NetGoodwill2023-04-012024-03-3110349113ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110349113ns5:PlantMachinery2023-04-012024-03-3110349113ns5:FurnitureFittings2023-04-012024-03-3110349113ns5:ComputerEquipment2023-04-012024-03-3110349113ns5:NetGoodwill2023-03-3110349113ns5:NetGoodwill2024-03-3110349113ns5:NetGoodwill2023-03-3110349113ns5:PlantMachinery2023-03-3110349113ns5:FurnitureFittings2023-03-3110349113ns5:ComputerEquipment2023-03-3110349113ns5:PlantMachinery2024-03-3110349113ns5:FurnitureFittings2024-03-3110349113ns5:ComputerEquipment2024-03-3110349113ns5:PlantMachinery2023-03-3110349113ns5:FurnitureFittings2023-03-3110349113ns5:ComputerEquipment2023-03-3110349113ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-03-3110349113ns5:UnlistedNon-exchangeTraded2024-03-3110349113ns5:UnlistedNon-exchangeTraded2023-03-3110349113ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110349113ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110349113ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3110349113ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3110349113ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3110349113ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3110349113ns5:Secured2024-03-3110349113ns5:Secured2023-03-3110349113ns10:OrdinaryShareClass32024-03-31103491131ns10:Director12023-03-31103491131ns10:Director12022-03-31103491131ns10:Director12023-04-012024-03-31103491131ns10:Director12022-04-012023-03-31103491131ns10:Director12024-03-31103491131ns10:Director12023-03-3110349113ns10:Director222023-03-3110349113ns10:Director222022-03-3110349113ns10:Director222023-04-012024-03-3110349113ns10:Director222022-04-012023-03-3110349113ns10:Director222024-03-3110349113ns10:Director222023-03-31
REGISTERED NUMBER: 10349113 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HOLT COMMERCIAL LIMITED

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLT COMMERCIAL LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: D B Allen
P J Holt
N P Holt
L Pemberton





REGISTERED OFFICE: 16 Warwick Row
Coventry
West Midlands
CV1 1EJ





REGISTERED NUMBER: 10349113 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 265,530 318,636
Tangible assets 5 4,908 9,313
Investments 6 50 50
270,488 327,999

CURRENT ASSETS
Stocks 78,736 65,210
Debtors 7 349,661 308,565
Cash at bank and in hand 75,798 184,455
504,195 558,230
CREDITORS
Amounts falling due within one year 8 195,082 201,758
NET CURRENT ASSETS 309,113 356,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,601

684,471

CREDITORS
Amounts falling due after more than one
year

9

(72,346

)

(81,667

)

PROVISIONS FOR LIABILITIES (1,113 ) (1,113 )
NET ASSETS 506,142 601,691

CAPITAL AND RESERVES
Called up share capital 11 5,815 5,815
Share premium 227,565 227,565
Capital redemption reserve 2,056 2,056
Retained earnings 270,706 366,255
SHAREHOLDERS' FUNDS 506,142 601,691

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

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

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

BALANCE SHEET - continued
31 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 by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





P J Holt - Director


HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Holt Commercial 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 15% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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

Work in progress
Work in progress is valued on the basis of the lower of cost and net realisable value. Work in progress is calculated based on the work done at the year end and the likelihood of completion of the transaction.

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.


HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Property letting assets and liabilities
The company acts as an agent in the managing of client monies in respect of property lettings and is not liable as a principle for amounts due to clients. Notwithstanding the company's legal relationship with clients, it has followed generally accepted accounting practice by showing cash, debtors and creditors relating to property lettings as assets and liabilities of the company itself.

The company operates in accordance with the Royal Association of Chartered Surveyors regulations.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 531,060
AMORTISATION
At 1 April 2023 212,424
Amortisation for year 53,106
At 31 March 2024 265,530
NET BOOK VALUE
At 31 March 2024 265,530
At 31 March 2023 318,636

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 7,292 352 18,914 26,558
Additions - - 1,254 1,254
At 31 March 2024 7,292 352 20,168 27,812
DEPRECIATION
At 1 April 2023 3,317 240 13,688 17,245
Charge for year 596 28 5,035 5,659
At 31 March 2024 3,913 268 18,723 22,904
NET BOOK VALUE
At 31 March 2024 3,379 84 1,445 4,908
At 31 March 2023 3,975 112 5,226 9,313

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023
and 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50
At 31 March 2023 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 154,144 123,974
Other debtors 36,000 -
Directors' current accounts 78,382 92,369
Tax 28,378 26,325
Prepayments 52,757 65,897
349,661 308,565

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 58,226 22,433
Amounts owed to group undertakings 6,948 6,947
Tax - 90,324
Social security and other taxes 12,895 9,334
VAT 60,076 47,257
Other creditors 3,185 2,771
Accruals and deferred income 43,752 12,692
195,082 201,758

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,346 11,667
Preference shares 60,000 60,000
72,346 81,667

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 22,346 31,667

The bank loan is secured under a debenture held by Barclays Security Trustee Limited for the benefit of Barclays Bank UK PLC.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
606,480 Ordinary 1p shares 0.01 5,815 5,815

HOLT COMMERCIAL LIMITED (REGISTERED NUMBER: 10349113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P J Holt
Balance outstanding at start of year 78,382 382
Amounts advanced - 90,000
Amounts repaid - (12,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,382 78,382

D B Allen
Balance outstanding at start of year 13,988 28,988
Amounts advanced - 48,773
Amounts repaid (13,988 ) (63,773 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,988