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HOROLO LIMITED

Registered Number
15142710
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2025

HOROLO LIMITED
Company Information
for the year from 1 May 2024 to 30 April 2025

Directors

HUSEYIN, Jaiden Kameron
HUSEYIN, Kyle Andrew

Registered Address

2 Leamington Avenue
Bromley
BR1 5BL

Registered Number

15142710 (England and Wales)
HOROLO LIMITED
Balance Sheet as at
30 April 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets325,92037,627
25,92037,627
Current assets
Debtors332,578
Cash at bank and on hand9607,782
99310,360
Creditors amounts falling due within one year4(43,066)(52,649)
Net current assets (liabilities)(42,073)(42,289)
Total assets less current liabilities(16,153)(4,662)
Net assets(16,153)(4,662)
Capital and reserves
Called up share capital100100
Profit and loss account(16,253)(4,762)
Shareholders' funds(16,153)(4,662)
The financial statements were approved and authorised for issue by the Board of Directors on 16 June 2025, and are signed on its behalf by:
HUSEYIN, Jaiden Kameron
Director
HUSEYIN, Kyle Andrew
Director

Registered Company No. 15142710
HOROLO LIMITED
Notes to the Financial Statements
for the year ended 30 April 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Research and development
All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.
Development costs
Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model). Amortisation is recognised using the straight-line basis and results in the carrying amount being expensed in profit or loss over the estimated useful life.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20252024
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 May 2437,62737,627
Additions1,0601,060
At 30 April 2538,68738,687
Amortisation and impairment
Charge for year12,76712,767
At 30 April 2512,76712,767
Net book value
At 30 April 2525,92025,920
At 30 April 2437,62737,627
4.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables-5,112
Amounts owed to related parties43,06647,537
Total43,06652,649
5.Related party transactions
Included in other creditors is an amount of £43,066 (2024: £47,537) due to HHCL Holdings Limited, the parent company.
6.Controlling party
The ultimate controlling party is HHCL Holdings Limited, a company registered in England and Wales.