31 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 24.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07335006 2023-09-01 2024-08-31 07335006 2024-08-31 07335006 2023-08-31 07335006 2022-09-01 2023-08-31 07335006 2023-08-31 07335006 2022-08-31 07335006 core:PlantMachinery 2023-09-01 2024-08-31 07335006 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 07335006 bus:Director1 2023-09-01 2024-08-31 07335006 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 07335006 core:PlantMachinery 2023-08-31 07335006 core:FurnitureFittingsToolsEquipment 2023-08-31 07335006 core:MotorVehicles 2023-08-31 07335006 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 07335006 core:PlantMachinery 2024-08-31 07335006 core:FurnitureFittingsToolsEquipment 2024-08-31 07335006 core:MotorVehicles 2024-08-31 07335006 core:WithinOneYear 2024-08-31 07335006 core:WithinOneYear 2023-08-31 07335006 core:OtherReservesSubtotal 2022-09-01 2023-08-31 07335006 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 07335006 core:OtherReservesSubtotal 2023-09-01 2024-08-31 07335006 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 07335006 core:AfterOneYear 2023-08-31 07335006 core:ShareCapital 2024-08-31 07335006 core:ShareCapital 2023-08-31 07335006 core:OtherReservesSubtotal 2024-08-31 07335006 core:OtherReservesSubtotal 2023-08-31 07335006 core:RetainedEarningsAccumulatedLosses 2024-08-31 07335006 core:RetainedEarningsAccumulatedLosses 2023-08-31 07335006 core:ShareCapital 2022-08-31 07335006 core:RetainedEarningsAccumulatedLosses 2022-08-31 07335006 core:PreviouslyStatedAmount core:ShareCapital 2024-08-31 07335006 core:HedgingReserve 2023-08-31 07335006 core:HedgingReserve 2024-08-31 07335006 core:HedgingReserve 2023-08-31 07335006 core:HedgingReserve 2022-09-01 2023-08-31 07335006 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07335006 core:MotorVehicles 2023-09-01 2024-08-31 07335006 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 07335006 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-08-31 07335006 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 07335006 core:Non-currentFinancialInstruments 2024-08-31 07335006 core:Non-currentFinancialInstruments 2023-08-31 07335006 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 07335006 core:PlantMachinery 2023-08-31 07335006 core:FurnitureFittingsToolsEquipment 2023-08-31 07335006 core:MotorVehicles 2023-08-31 07335006 bus:Director1 2022-08-31 07335006 bus:Director1 2023-08-31 07335006 bus:Director1 2022-09-01 2023-08-31 07335006 bus:SmallEntities 2023-09-01 2024-08-31 07335006 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07335006 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07335006 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07335006 bus:FullAccounts 2023-09-01 2024-08-31 07335006 core:OtherCapitalReserve 2023-08-31 07335006 core:OtherCapitalReserve 2022-09-01 2023-08-31 07335006 core:OtherCapitalReserve 2024-08-31 07335006 1 2023-09-01 2024-08-31
Company registration number: 07335006
Holding Creatives Limited
Unaudited filleted financial statements
31 August 2024
Holding Creatives Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Holding Creatives Limited
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 4,795,522 4,602,067
Investments 6 490,077 476,297
_______ _______
5,285,599 5,078,364
Current assets
Stocks 1,491,597 676,322
Debtors 7 1,318,982 2,293,077
Cash at bank and in hand 539,551 286,397
_______ _______
3,350,130 3,255,796
Creditors: amounts falling due
within one year 8 ( 2,212,597) ( 1,378,167)
_______ _______
Net current assets 1,137,533 1,877,629
_______ _______
Total assets less current liabilities 6,423,132 6,955,993
Creditors: amounts falling due
after more than one year 9 - ( 910,834)
Provisions for liabilities ( 289,598) ( 286,707)
_______ _______
Net assets 6,133,534 5,758,452
_______ _______
Capital and reserves
Called up share capital 1 1
Other reserves 836,635 836,635
Profit and loss account 5,296,898 4,921,816
_______ _______
Shareholders funds 6,133,534 5,758,452
_______ _______
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 May 2025 , and are signed on behalf of the board by:
Mr P Mikic
Director
Company registration number: 07335006
Holding Creatives Limited
Statement of changes in equity
Year ended 31 August 2024
Called up share capital Other reserves Profit and loss account
£ £ £
At 1 September 2022 1 - 3,193,692
Profit for the year 2,753,759
Other comprehensive income for the year (note ) - 836,635 ( 836,635)
_______ _______ _______
Total comprehensive income for the year - 836,635 1,917,124
Dividends paid and payable ( 189,000)
_______ _______ _______
Total investments by and distributions to owners - - ( 189,000)
_______ _______ _______
At 31 August 2023 and 1 September 2023 1 836,635 4,921,815
Profit for the year 635,083
Other comprehensive income for the year (note ) - 836,635 -
_______ _______ _______
Total comprehensive income for the year - - 635,083
Dividends paid and payable ( 260,000)
_______ _______ _______
Total investments by and distributions to owners - - ( 260,000)
_______ _______ _______
At 31 August 2024 1 836,635 5,296,898
_______ _______ _______
Holding Creatives Limited
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office FF10 Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 33.33 % straight line
Fittings fixtures and equipment - 33.33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 31 (2023: 25 ).
5. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 September 2023 4,500,000 148,244 39,608 64,747 4,752,599
Additions 195,432 33,739 - - 229,171
_______ _______ _______ _______ _______
At 31 August 2024 4,695,432 181,983 39,608 64,747 4,981,770
_______ _______ _______ _______ _______
Depreciation
At 1 September 2023 - 92,234 38,516 19,782 150,532
Charge for the year - 14,993 941 19,782 35,716
_______ _______ _______ _______ _______
At 31 August 2024 - 107,227 39,457 39,564 186,248
_______ _______ _______ _______ _______
Carrying amount
At 31 August 2024 4,695,432 74,756 151 25,183 4,795,522
_______ _______ _______ _______ _______
At 31 August 2023 4,500,000 56,010 1,092 44,965 4,602,067
_______ _______ _______ _______ _______
6. Investments
Other investments other than loans Total
£ £
Cost
At 1 September 2023 476,297 476,297
Additions 13,780 13,780
_______ _______
At 31 August 2024 490,077 490,077
_______ _______
Impairment
At 1 September 2023 and 31 August 2024 - -
_______ _______
Carrying amount
At 31 August 2024 490,077 490,077
_______ _______
At 31 August 2023 476,297 476,297
_______ _______
7. Debtors
2024 2023
£ £
Trade debtors 502,421 669,541
Other debtors 816,561 1,623,536
_______ _______
1,318,982 2,293,077
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 20,833 86,333
Trade creditors 2,133,417 269,032
Corporation tax - 823,309
Social security and other taxes 34,865 29,489
Other creditors 23,482 170,004
_______ _______
2,212,597 1,378,167
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors - 910,834
_______ _______
10. Fair value reserve
Included within other reserves is the fair value reserve as follows:
2024 2023
£ £
At start of year 836,635 -
Reclassification from fair value reserve to profit and loss account - 836,635
_______ _______
At end of year 836,635 836,635
_______ _______
11. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr P Mikic - - -
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr P Mikic ( 96) 1,099,423 1,099,327
_______ _______ _______
12. Controlling party
The company is under the control of P Mikic.