Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2023-03-01falsefalseHolding company00 14697970 2023-02-28 14697970 2023-03-01 2024-01-31 14697970 2022-03-01 2023-02-28 14697970 2024-01-31 14697970 c:Director1 2023-03-01 2024-01-31 14697970 d:CurrentFinancialInstruments 2024-01-31 14697970 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14697970 d:ShareCapital 2023-03-01 2024-01-31 14697970 d:ShareCapital 2024-01-31 14697970 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-01-31 14697970 d:RetainedEarningsAccumulatedLosses 2024-01-31 14697970 c:FRS102 2023-03-01 2024-01-31 14697970 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-01-31 14697970 c:FullAccounts 2023-03-01 2024-01-31 14697970 c:PrivateLimitedCompanyLtd 2023-03-01 2024-01-31 14697970 2 2023-03-01 2024-01-31 14697970 6 2023-03-01 2024-01-31 14697970 e:PoundSterling 2023-03-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 14697970









COLLECTIV HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2024

 
COLLECTIV HOLDINGS LIMITED
REGISTERED NUMBER: 14697970

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Investments
 4 
722,252

  
722,252

Current assets
  

Debtors: amounts falling due within one year
 5 
1,484

Cash at bank and in hand
 6 
10,167

  
11,651

Creditors: amounts falling due within one year
 7 
(39,881)

Net current (liabilities)/assets
  
 
 
(28,230)

Total assets less current liabilities
  
694,022

  

Net assets
  
694,022


Capital and reserves
  

Called up share capital 
  
200

Profit and loss account
  
693,822

  
694,022


Page 1

 
COLLECTIV HOLDINGS LIMITED
REGISTERED NUMBER: 14697970
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 statement of income and retained earnings 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 29 January 2025.




................................................
John Parnell
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
COLLECTIV HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JANUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
872,262
872,262


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
872,262
872,262


Contributions by and distributions to owners

Dividends: Equity capital
-
(178,440)
(178,440)

Shares issued during the period
200
-
200


Total transactions with owners
200
(178,440)
(178,240)


At 31 January 2024
200
693,822
694,022

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
COLLECTIV HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Collectiv Holdings Limited is a private company, incorporated in England and Wales, limited by its share capital.  The Company was incorporated on 1 March 2023 and began trading on that date.  The principal activity of the company is that of a holding company.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
COLLECTIV HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration.


4.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


Additions
100
673,204
673,304


Revaluations
-
48,948
48,948



At 31 January 2024
100
722,152
722,252





5.


Debtors

2024
£


Amounts owed by group undertakings
1,484

1,484



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
10,167

10,167


Page 5

 
COLLECTIV HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
£

Other creditors
38,681

Accruals and deferred income
1,200

39,881


Included in other creditors is a loan amount in relation to the directors, John and Anna Parnell of £38,681.


8.


Controlling party

The Company is controlled by the director, John Parnell, by virtue of his shareholding, as described in the Director's report.

 
Page 6