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REGISTERED NUMBER: 14068701 (England and Wales)












Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Hold The Line (Polo) Limited

Hold The Line (Polo) Limited (Registered number: 14068701)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


Hold The Line (Polo) Limited

Company Information
for the Year Ended 30 April 2025







DIRECTOR: Ms M S Eden





REGISTERED OFFICE: Ground Floor
123 Pall Mall
St. James's
London
SW1Y 5EA





REGISTERED NUMBER: 14068701 (England and Wales)





ACCOUNTANTS: Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA

Hold The Line (Polo) Limited (Registered number: 14068701)

Report of the Director
for the Year Ended 30 April 2025

The director presents her report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of an event management company.

DIRECTOR
Ms M S Eden held office during the whole of the period from 1 May 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms M S Eden - Director


9 June 2025

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hold The Line (Polo) Limited


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 April 2025 set out on pages four to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA


9 June 2025

Hold The Line (Polo) Limited (Registered number: 14068701)

Income Statement
for the Year Ended 30 April 2025

30.4.25 30.4.24
£    £   

TURNOVER - -

Administrative expenses (348,701 ) (125,919 )
(348,701 ) (125,919 )

Other operating income 3,621 756
OPERATING LOSS (345,080 ) (125,163 )


Interest payable and similar expenses (41,506 ) (10,289 )
LOSS BEFORE TAXATION (386,586 ) (135,452 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (386,586 ) (135,452 )

Hold The Line (Polo) Limited (Registered number: 14068701)

Balance Sheet
30 April 2025

30.4.25 30.4.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,553,330 1,197,303

CURRENT ASSETS
Debtors 5 22,592 263,864
Cash at bank 140,926 93,833
163,518 357,697
CREDITORS
Amounts falling due within one year 6 (68,572 ) (152,300 )
NET CURRENT ASSETS 94,946 205,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,648,276

1,402,700

CREDITORS
Amounts falling due after more than one year 7 (2,179,313 ) (1,547,151 )
NET LIABILITIES (531,037 ) (144,451 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (531,038 ) (144,452 )
(531,037 ) (144,451 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the director and authorised for issue on 9 June 2025 and were signed by:





Ms M S Eden - Director


Hold The Line (Polo) Limited (Registered number: 14068701)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Hold The Line (Polo) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Brand Development costs are being amortised evenly over their estimated useful life of ten years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The financial statements have been prepared on a going concern basis even though the company shows net liabilities of £531,037 (2024: £144,451) in the balance sheet.

The ultimate controlling party has confirmed his intention to provide sufficient financial support to the company so as to enable it to meet its liabilities as they fall due and to enable it to carry on its business for the foreseeable future. Consequently, the director concluded that the company has adequate resources to pay its liabilities as and when due for the foreseeable future. For these reasons, he continues to adopt the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

Hold The Line (Polo) Limited (Registered number: 14068701)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2024 1,197,303
Additions 356,027
At 30 April 2025 1,553,330
NET BOOK VALUE
At 30 April 2025 1,553,330
At 30 April 2024 1,197,303

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Other debtors 22,592 263,864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Trade creditors 64,072 148,800
Other creditors 4,500 3,500
68,572 152,300

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.25 30.4.24
£    £   
Other creditors 2,179,313 1,547,151

8. RELATED PARTY DISCLOSURES

The company has received loans from Alexandre Garese, the ultimate beneficial owner, amounting to the principal amount of €2,500,000 (equivalent to £2,127,189). As at year end, balance payable was €2,561,260, equivalent to £2,179,313 (2024: €1,811,944, equivalent to £1,547,151), including interest of €61,260 (equivalent to £52,124). The loans have interest payable of 2% and are repayable in September 2028.

Included in other debtors is an amount of £12,850 (2024: £6,809) due from Hold the Line Productions Ltd, a company under common management.

9. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the ultimate controlling party is Mr A Garese .