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REGISTERED NUMBER: 10294565 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 AUGUST 2023 TO 30 SEPTEMBER 2023

FOR

THE FRANCHISE HOLDINGS LIMITED

THE FRANCHISE HOLDINGS LIMITED (REGISTERED NUMBER: 10294565)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 30 SEPTEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE FRANCHISE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2023 TO 30 SEPTEMBER 2023







DIRECTOR: Mr T Chan





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 10294565 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

THE FRANCHISE HOLDINGS LIMITED (REGISTERED NUMBER: 10294565)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

30.9.23 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,264 6,629

CURRENT ASSETS
Debtors 5 1,055,225 1,101,408
Cash at bank 138,025 116,501
1,193,250 1,217,909
CREDITORS
Amounts falling due within one year 6 600,044 1,028,868
NET CURRENT ASSETS 593,206 189,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,470

195,670

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 599,370 195,570
SHAREHOLDERS' FUNDS 599,470 195,670

THE FRANCHISE HOLDINGS LIMITED (REGISTERED NUMBER: 10294565)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





Mr T Chan - Director


THE FRANCHISE HOLDINGS LIMITED (REGISTERED NUMBER: 10294565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

The Franchise Holdings 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

THE FRANCHISE HOLDINGS LIMITED (REGISTERED NUMBER: 10294565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 August 2023
and 30 September 2023 22,150
Depreciation
At 1 August 2023 15,521
Charge for period 365
At 30 September 2023 15,886
Net book value
At 30 September 2023 6,264
At 31 July 2023 6,629

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 31.7.23
£    £   
Trade debtors 428,000 638,400
Other debtors 627,225 463,008
1,055,225 1,101,408

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 31.7.23
£    £   
Trade creditors 2,000 20,794
Taxation and social security 254,278 140,169
Other creditors 343,766 867,905
600,044 1,028,868

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 31.7.23
value: £    £   
100 Ordinary £1 100 100