Company No:
Contents
| Note | 31.10.2024 | |
| £ | ||
| Fixed assets | ||
| Investments | 3 |
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| 254,035 | ||
| Current assets | ||
| Debtors | 4 |
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| Cash at bank and in hand | 5 |
|
| 473,568 | ||
| Creditors: amounts falling due within one year | 6 | (
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| Net current assets | 472,237 | |
| Total assets less current liabilities | 726,272 | |
| Net assets |
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| Capital and reserves | ||
| Called-up share capital | 7 |
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| Profit and loss account |
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| Total shareholders' funds |
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Director's responsibilities:
The financial statements of Harod Holdings Limited (registered number:
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Martin Lewis Dubbey
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Harod Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Suite 126, 43 Bedford Street, London, WC2E 9HA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit and loss. Investments in equity shares which are not publicly traded and where the fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
| Period from 05.09.2023 to 31.10.2024 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including the director |
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Investments in subsidiaries
| 31.10.2024 | |
| £ | |
| Cost | |
| At 05 September 2023 | 0 |
| Additions |
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| At 31 October 2024 |
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| Carrying value at 31 October 2024 |
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| Other investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 05 September 2023 |
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| Additions |
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| At 31 October 2024 |
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| Carrying value at 31 October 2024 |
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| 31.10.2024 | |
| £ | |
| Other debtors |
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| 31.10.2024 | |
| £ | |
| Cash at bank and in hand |
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| 31.10.2024 | |
| £ | |
| Other creditors |
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| 31.10.2024 | |
| £ | |
| Allotted, called-up and fully-paid | |
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Transactions with the entity's director
| 31.10.2024 | |
| £ | |
| Amounts owed from director | 22,000 |
Other related party transactions
The company has taken advantage of the exemption in FRS 102 33.1A "Related Party Disclosures" from disclosing transactions with other members of the group.