Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282025-05-15truetrue2024-03-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22false 04673166 2024-03-01 2025-02-28 04673166 2023-03-01 2024-02-29 04673166 2025-02-28 04673166 2024-02-29 04673166 c:CompanySecretary1 2024-03-01 2025-02-28 04673166 c:Director1 2024-03-01 2025-02-28 04673166 c:Director2 2024-03-01 2025-02-28 04673166 c:RegisteredOffice 2024-03-01 2025-02-28 04673166 d:CurrentFinancialInstruments 2025-02-28 04673166 d:CurrentFinancialInstruments 2024-02-29 04673166 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 04673166 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 04673166 d:ShareCapital 2025-02-28 04673166 d:ShareCapital 2024-02-29 04673166 d:RetainedEarningsAccumulatedLosses 2025-02-28 04673166 d:RetainedEarningsAccumulatedLosses 2024-02-29 04673166 c:FRS102 2024-03-01 2025-02-28 04673166 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 04673166 c:FullAccounts 2024-03-01 2025-02-28 04673166 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04673166 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure
Registered number: 04673166







 
HOLDING-ON RIGHTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
HOLDING-ON RIGHTS LIMITED
 

COMPANY INFORMATION


DIRECTORS
H. A. Goldsmith CBE 
D. R. Goldsmith 




COMPANY SECRETARY
D. R. Goldsmith



REGISTERED NUMBER
04673166



REGISTERED OFFICE
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
HOLDING-ON RIGHTS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
HOLDING-ON RIGHTS LIMITED
REGISTERED NUMBER: 04673166

BALANCE SHEET
AS AT 28 FEBRUARY 2025

2025
2024
Note
£
£

CURRENT ASSETS
  

Debtors
 4 
-
38,745

Cash at bank and in hand
  
5,035
40,611

  
5,035
79,356

Creditors: amounts falling due within one year
 5 
(530,711)
(800,558)

NET LIABILITIES
  
(525,676)
(721,202)


CAPITAL AND RESERVES
  

Called up, allotted and fully paid share capital
  
300,002
300,002

Profit and loss account
  
(825,678)
(1,021,204)

EQUITY SHAREHOLDERS' DEFICIT
  
(525,676)
(721,202)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the Directors' Report and Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
15 May 2025.




H. A. Goldsmith CBE
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
HOLDING-ON RIGHTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


GENERAL INFORMATION

Holding-On Rights Limited (company number: 04673166), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN and trading address at 2nd Floor 60-62 Titchfield Street, London, W1W 7QG is a private limited company incorporated in England and Wales.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

At the Balance Sheet date, the company has net liabilities of £525,676 (2024: £721,202). The company relies on the support of the directors and its related parties who will continue to support the company for the forseeable future. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

  
2.3

STATEMENT OF CASH FLOWS

The company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7. from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.4

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

DEBTORS

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

Page 2

 
HOLDING-ON RIGHTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.ACCOUNTING POLICIES (continued)

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument 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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each          reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the           difference between an asset's carrying amount and best estimate, which is an approximation of the     amount that the company would receive for the asset if it were to be sold at the Balance Sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when        there is an 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.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price.

 
2.9

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period-end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
HOLDING-ON RIGHTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.ACCOUNTING POLICIES (continued)

 
2.10

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been       enacted or substantively enacted by the Balance Sheet date in the countries where the company         operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is             determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.



3.


EMPLOYEES



The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


DEBTORS

2025
2024
£
£

Amounts due within one year

Trade debtors
-
35,329

Other debtors
-
3,416

-
38,745


Page 4

 
HOLDING-ON RIGHTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


CREDITORS: Amounts falling due within one year

2025
2024
£
£

Trade creditors
-
433

Other taxation and social security
6,607
-

Other creditors
522,204
798,275

Accruals and deferred income
1,900
1,850

530,711
800,558



Page 5