Acorah Software Products - Accounts Production 16.3.350 false true false 7 June 2024 31 December 2024 31 December 2024 15768286 Mrs C E Holm true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15768286 2024-06-06 15768286 2024-12-31 15768286 2024-06-07 2024-12-31 15768286 frs-core:CurrentFinancialInstruments 2024-12-31 15768286 frs-core:ShareCapital 2024-12-31 15768286 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15768286 frs-bus:PrivateLimitedCompanyLtd 2024-06-07 2024-12-31 15768286 frs-bus:FilletedAccounts 2024-06-07 2024-12-31 15768286 frs-bus:SmallEntities 2024-06-07 2024-12-31 15768286 frs-bus:AuditExempt-NoAccountantsReport 2024-06-07 2024-12-31 15768286 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-07 2024-12-31 15768286 1 2024-06-07 2024-12-31 15768286 frs-bus:Director1 2024-06-07 2024-12-31 15768286 frs-countries:EnglandWales 2024-06-07 2024-12-31
Registered number: 15768286
The Holm Edit Ltd
Financial Statements
For the Period 7 June 2024 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15768286
31 December 2024
Notes £ £
CURRENT ASSETS
Debtors 4 31
Cash at bank and in hand 2,458
2,489
Creditors: Amounts Falling Due Within One Year 5 (17,341 )
NET CURRENT ASSETS (LIABILITIES) (14,852 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,852 )
NET LIABILITIES (14,852 )
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (14,952 )
SHAREHOLDERS' FUNDS (14,852)
Page 1
Page 2
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs C E Holm
Director
23 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Holm Edit Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15768286 . The registered office is 128 City Road, London, EC1V 2NX.
The company was incorporated on the 7th June 2024. The company's principal activity is that of consulting, sustainable living and brand positioning.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Financial Instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
...CONTINUED
Page 3
Page 4
2.3. Financial Instruments - continued
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Debtors
31 December 2024
£
Due within one year
Trade debtors 31
Page 4
Page 5
5. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Bank loans and overdrafts 256
Other creditors 17,085
17,341
6. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 100
7. Directors Advances, Credits and Guarantees
Included in other creditors due within one year are loans from the director, Mrs C Holm amounting to £14,536.
8. Controlling Parties
The company's ultimate controlling party is Mrs C Holm by virtue of their interest in the share capital of the company.
Page 5