Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseBeing distributor of tyres and cosmetics33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04190191 2023-01-01 2023-12-31 04190191 2022-01-01 2022-12-31 04190191 2023-12-31 04190191 2022-12-31 04190191 c:Director2 2023-01-01 2023-12-31 04190191 d:PlantMachinery 2023-01-01 2023-12-31 04190191 d:PlantMachinery 2023-12-31 04190191 d:PlantMachinery 2022-12-31 04190191 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04190191 d:OfficeEquipment 2023-01-01 2023-12-31 04190191 d:OfficeEquipment 2023-12-31 04190191 d:OfficeEquipment 2022-12-31 04190191 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04190191 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04190191 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 04190191 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 04190191 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 04190191 d:CurrentFinancialInstruments 2023-12-31 04190191 d:CurrentFinancialInstruments 2022-12-31 04190191 d:Non-currentFinancialInstruments 2023-12-31 04190191 d:Non-currentFinancialInstruments 2022-12-31 04190191 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04190191 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04190191 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04190191 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04190191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 04190191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 04190191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 04190191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 04190191 d:ShareCapital 2023-12-31 04190191 d:ShareCapital 2022-12-31 04190191 d:RetainedEarningsAccumulatedLosses 2023-12-31 04190191 d:RetainedEarningsAccumulatedLosses 2022-12-31 04190191 c:FRS102 2023-01-01 2023-12-31 04190191 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04190191 c:FullAccounts 2023-01-01 2023-12-31 04190191 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04190191 6 2023-01-01 2023-12-31 04190191 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-01-01 2023-12-31 04190191 e:Euro 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04190191










HOLLAND & HARRIS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HOLLAND & HARRIS LIMITED
REGISTERED NUMBER: 04190191

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note

Fixed assets
  

Intangible assets
 4 
689
1,712

Tangible assets
 5 
3,115
4,700

Investments
 6 
49,160
49,160

  
52,964
55,572

Current assets
  

Debtors: amounts falling due within one year
 7 
511,601
125,316

Cash at bank and in hand
  
835,255
419,780

  
1,346,856
545,096

Creditors: amounts falling due within one year
 8 
(737,441)
(155,622)

Net current assets
  
 
 
609,415
 
 
389,474

Total assets less current liabilities
  
662,379
445,046

Creditors: amounts falling due after more than one year
 9 
(250,000)
-

  

Net assets
  
412,379
445,046


Capital and reserves
  

Called up share capital 
  
117,776
117,776

Profit and loss account
  
294,603
327,270

  
412,379
445,046


Page 1

 
HOLLAND & HARRIS LIMITED
REGISTERED NUMBER: 04190191
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2024.




Edoardo Daffonchio
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
HOLLAND & HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales, registration number 04190191. The address of the registered office is 5th Floor North Side, 7/10 Chandos Street, Cavendish Square, London, United Kingdom, W1G 9DQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis based on the continued support of the company's creditors and financiers which, in the opinion of the directors, the company has for the foreseeable future

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
HOLLAND & HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
HOLLAND & HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Trademarks
-
20%
straight line

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
HOLLAND & HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 6

 
HOLLAND & HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Patents




Cost


At 1 January 2023
12,106



At 31 December 2023

12,106



Amortisation


At 1 January 2023
10,394


Charge for the year on owned assets
1,023



At 31 December 2023

11,417



Net book value



At 31 December 2023
689



At 31 December 2022
1,712



Page 7

 
HOLLAND & HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Office equipment
Total




Cost or valuation


At 1 January 2023
1,840
7,924
9,764



At 31 December 2023

1,840
7,924
9,764



Depreciation


At 1 January 2023
1,840
3,224
5,064


Charge for the year on owned assets
-
1,585
1,585



At 31 December 2023

1,840
4,809
6,649



Net book value



At 31 December 2023
-
3,115
3,115



At 31 December 2022
-
4,700
4,700


6.


Fixed asset investments





Investments in associates
Unlisted investments
Total




Cost or valuation


At 1 January 2023
48,000
1,160
49,160



At 31 December 2023
48,000
1,160
49,160




Page 8

 
HOLLAND & HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022


Trade debtors
424,177
89,909

Other debtors
85,596
35,135

Prepayments and accrued income
1,828
272

511,601
125,316



8.


Creditors: Amounts falling due within one year

2023
2022

Trade creditors
16,953
95,614

Other taxation and social security
72,836
6,702

Other creditors
550,482
2,158

Accruals and deferred income
97,170
51,148

737,441
155,622



9.


Creditors: Amounts falling due after more than one year

2023
2022

Other loans
250,000
-


Page 9

 
HOLLAND & HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022


Amounts falling due 1-2 years

Other loans
50,000
-


50,000
-

Amounts falling due 2-5 years

Other loans
200,000
-


200,000
-


250,000
-



11.


Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to €2,474 (2022: €2,915).
Contributions totalling €482 (2022: €472) were payable to the scheme at the end of the year and are included in creditors.


12.


Related party transactions

Summary of transactions and balances with associate:
Tuttestetica Srl:
During the year, the company purchased consultancy and raw materials up to the value of €116,803 (2022: €253,058). At the balance sheet date, the amount due to the company was €Nil (2022: €5,739)
Summary of transactions and balances with other related parties:
At the balance sheet date, the outstanding balance of a short term loan due to a director and shareholder was €753,008 (2022 - €Nil). The loan is interest free and repayable on demand.
At the balance sheet date, the balance due to a company under common control was €50,000 (2022: €Nil). 
During the year, the Company has been provided with other legal and professional services worth of €Nil (2022 - other professional services: €8,500) from companies under common control.
At the balance sheet date, the amount due to a director was of €4,601 (2022: €Nil).

Page 10

 
HOLLAND & HARRIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Controlling party

The ultimate controlling party is Antony David Janse Van Vuuren.

 
Page 11