Company registration number 08934127 (England and Wales)
Hollins Degas Limited
Unaudited financial statements
For the year ended 30 April 2024
Hollins Degas Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Hollins Degas Limited
Balance sheet
As at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
-
242,307
Debtors
3
257,717
479,570
Cash at bank and in hand
42,468
42,564
300,185
764,441
Creditors: amounts falling due within one year
4
(141,822)
(511,427)
Net current assets
158,363
253,014
Capital and reserves
Called up share capital
5
17,528
17,528
Share premium account
95,850
95,850
Capital redemption reserve
60
60
Profit and loss reserves
44,925
139,576
Total equity
158,363
253,014

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 January 2025 and are signed on its behalf by:
Mr S L Goodman
Director
Company registration number 08934127 (England and Wales)
Hollins Degas Limited
Statement of changes in equity
For the year ended 30 April 2024
- 2 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 May 2022
17,588
95,850
-
0
473,667
587,105
Year ended 30 April 2023:
Loss and total comprehensive income
-
-
-
(2,591)
(2,591)
Own shares acquired
-
-
-
(331,500)
(331,500)
Redemption of shares
5
(60)
-
0
60
-
0
-
0
Balance at 30 April 2023
17,528
95,850
60
139,576
253,014
Year ended 30 April 2024:
Loss and total comprehensive income
-
-
-
(94,651)
(94,651)
Balance at 30 April 2024
17,528
95,850
60
44,925
158,363
Hollins Degas Limited
Notes to the financial statements
For the year ended 30 April 2024
- 3 -
1
Accounting policies
Company information

Hollins Degas Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 3, First Floor, Victoria Court, Bexton Road, Knutsford, Cheshire, WA16 0PF.

1.1
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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Stocks

Stocks are stated at the lower of cost and net realisable value.

1.3
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.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
437,548
Other debtors
257,717
42,022
257,717
479,570
Hollins Degas Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 4 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,440
72,391
Other creditors
137,932
436,586
Accruals and deferred income
2,450
2,450
141,822
511,427
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
A Ordinary shares of £1 each
140
140
140
140
B Ordinary shares of £1 each
17,388
17,388
17,388
17,388
17,528
17,528
17,528
17,528

Share capital which remains unpaid totalled £8,153 at the end of the year (2023 - £8.153)

6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
Purchases
2024
2023
£
£
Entities with common control
-
4,013
Management Fees Receivable
2024
2023
£
£
Entities with common control
249,000
-

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Entities with common control
137,932
508,977
Hollins Degas Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
6
Related party transactions
(Continued)
- 5 -

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Entities with common control
249,000
471,093
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