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Registration number: 14389742

HOLDINC LTD

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 September 2024

 

HOLDINC LTD

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

HOLDINC LTD

(Registration number: 14389742)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

177,813

Current assets

 

Stocks

5

124,824

-

Debtors

6

8,817

50

Cash at bank and in hand

 

196,900

814

 

330,541

864

Creditors: Amounts falling due within one year

7

(367,534)

(231,858)

Net current liabilities

 

(36,993)

(230,994)

Net liabilities

 

(36,993)

(53,181)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(36,994)

(53,182)

Shareholders' deficit

 

(36,993)

(53,181)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 20 March 2025
 

.........................................
S S Wood
Director

 

HOLDINC LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Sherbourne House, Milton Lilbourne, Pewsey, SN9 5LQ.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

 

HOLDINC LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

HOLDINC LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

173,580

5,292

178,872

Additions

815

-

815

Transfers

(174,395)

(5,292)

(179,687)

At 30 September 2024

-

-

-

Depreciation

At 1 October 2023

-

1,059

1,059

Transfers

-

(1,059)

(1,059)

At 30 September 2024

-

-

-

Carrying amount

At 30 September 2024

-

-

-

At 30 September 2023

173,580

4,233

177,813

Included within the net book value of land and buildings above is £Nil (2023 - £173,580) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

124,824

-

6

Debtors

2024
£

2023
£

Other debtors

-

50

Prepayments

8,817

-

8,817

50

 

HOLDINC LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals and deferred income

1,500

358

Other creditors

366,034

231,500

367,534

231,858