Holborn Retail Services Ltd 07235589 true 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Holborn Retail Services ceased to trade on 29 April 2019 with the closure of Hatton Garden store. Digita Accounts Production Advanced 6.30.9574.0 true April Lavers Damian Scott false 07235589 2023-07-01 2024-06-30 07235589 2024-06-30 07235589 bus:OrdinaryShareClass1 2024-06-30 07235589 core:RetainedEarningsAccumulatedLosses 2024-06-30 07235589 core:ShareCapital 2024-06-30 07235589 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07235589 bus:FRS102 2023-07-01 2024-06-30 07235589 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07235589 bus:FullAccounts 2023-07-01 2024-06-30 07235589 bus:RegisteredOffice 2023-07-01 2024-06-30 07235589 bus:Director1 2023-07-01 2024-06-30 07235589 bus:Director2 2023-07-01 2024-06-30 07235589 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07235589 bus:EntityNoLongerTradingButTradedInPast 2023-07-01 2024-06-30 07235589 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07235589 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 07235589 core:Goodwill 2023-07-01 2024-06-30 07235589 core:FurnitureFittings 2023-07-01 2024-06-30 07235589 2 2023-07-01 2024-06-30 07235589 countries:UnitedKingdom 2023-07-01 2024-06-30 07235589 2022-07-01 2023-06-30 07235589 2023-06-30 07235589 bus:OrdinaryShareClass1 2023-06-30 07235589 core:RetainedEarningsAccumulatedLosses 2023-06-30 07235589 core:ShareCapital 2023-06-30 07235589 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07235589

Holborn Retail Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Holborn Retail Services Ltd

Profit and Loss Account for the Year Ended 30 June 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Holborn Retail Services Ltd

(Registration number: 07235589)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Capital and reserves

 

Called up share capital

7

-

120,000

Retained earnings

-

(120,000)

Shareholders' funds/(deficit)

 

-

-

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
Damian Scott
Director

 

Holborn Retail Services Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
10 Piccadilly Arcade
London
SW1Y 6NH

These financial statements were authorised for issue by the Board on 27 March 2025.

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.

Going concern

Company has now ceased trading and is dormant.

Changes in circumstances

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Depreciation

Asset class

Depreciation method and rate

Fixtures and fittings

Straight line 25% and 35%

Amortisation

Asset class

Amortisation method and rate

Goodwill

Straight line 10%

Development costs

Straight line 20%

 

Holborn Retail Services Ltd

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Debtors

Current

2024
£

2023
£

 

-

-

 

Holborn Retail Services Ltd

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

4

Cash and cash equivalents

2024
£

2023
£

5

Creditors

2024
£

2023
£

6

Pension and other schemes

Defined contribution pension scheme

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 £Nil (2023 - £Nil).

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

120,000

120,000

120,000

120,000