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01/12/2023
30/11/2024
2024-11-30
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No description of principal activities is disclosed
2023-12-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
06003011
2023-12-01
2024-11-30
06003011
2024-11-30
06003011
2023-11-30
06003011
2022-12-01
2023-11-30
06003011
2023-11-30
06003011
2022-11-30
06003011
bus:RegisteredOffice
2023-12-01
2024-11-30
06003011
bus:Director1
2023-12-01
2024-11-30
06003011
bus:Director2
2023-12-01
2024-11-30
06003011
core:LandBuildings
core:LongLeaseholdAssets
2024-11-30
06003011
core:AfterOneYear
2024-11-30
06003011
core:AfterOneYear
2023-11-30
06003011
core:WithinOneYear
2024-11-30
06003011
core:WithinOneYear
2023-11-30
06003011
core:ShareCapital
2024-11-30
06003011
core:ShareCapital
2023-11-30
06003011
core:RetainedEarningsAccumulatedLosses
2024-11-30
06003011
core:RetainedEarningsAccumulatedLosses
2023-11-30
06003011
core:LandBuildings
core:LongLeaseholdAssets
2023-11-30
06003011
bus:Director1
2023-11-30
06003011
bus:Director1
2024-11-30
06003011
bus:Director1
2022-11-30
06003011
bus:Director1
2023-11-30
06003011
bus:Director1
2022-12-01
2023-11-30
06003011
bus:SmallEntities
2023-12-01
2024-11-30
06003011
bus:AuditExempt-NoAccountantsReport
2023-12-01
2024-11-30
06003011
bus:SmallCompaniesRegimeForAccounts
2023-12-01
2024-11-30
06003011
bus:PrivateLimitedCompanyLtd
2023-12-01
2024-11-30
06003011
bus:FullAccounts
2023-12-01
2024-11-30
Company registration number:
06003011
Holland Road Limited
Unaudited filleted financial statements
30 November 2024
Holland Road Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Holland Road Limited
Directors and other information
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Directors |
J Kabiri |
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|
S Kabiri |
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Company number |
06003011 |
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Registered office |
Office 420 |
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4 Spring Bridge Road |
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London |
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W5 2AA |
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Holland Road Limited
Statement of financial position
30 November 2024
|
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2024 |
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2023 |
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Note |
£ |
|
£ |
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£ |
|
£ |
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|
|
|
|
Fixed assets |
|
|
|
|
|
|
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Tangible assets |
|
4 |
718,694 |
|
|
|
718,694 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
718,694 |
|
|
|
718,694 |
|
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|
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|
Current assets |
|
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|
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|
|
|
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Debtors |
|
5 |
1,858 |
|
|
|
19,916 |
|
|
|
Cash at bank and in hand |
|
|
1,758 |
|
|
|
42,019 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
3,616 |
|
|
|
61,935 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
137,669) |
|
|
|
(
180,806) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current liabilities |
|
|
|
|
(
134,053) |
|
|
|
(
118,871) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
584,641 |
|
|
|
599,823 |
|
|
|
|
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|
|
|
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|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
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after more than one year |
|
7 |
|
|
(
502,052) |
|
|
|
(
501,698) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net assets |
|
|
|
|
82,589 |
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|
|
98,125 |
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|
|
|
|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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|
|
100 |
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|
|
100 |
|
Profit and loss account |
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|
|
|
82,489 |
|
|
|
98,025 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders funds |
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|
|
82,589 |
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|
|
98,125 |
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|
|
|
|
_______ |
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|
_______ |
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge 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
21 August 2025
, and are signed on behalf of the board by:
J Kabiri
Director
Company registration number:
06003011
Holland Road Limited
Notes to the financial statements
Year ended 30 November 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Office 420, 4 Spring Bridge Road, London, W5 2AA.
2.
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a fair view. The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.
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.
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:
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.
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.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined benefits plans
The company recognises a defined net benefit pension asset or liability in the statement of financial position as the net total of the present value of its obligations and the fair value of plan assets out of which the obligations are to be settled. The defined benefit liability is measured on a discounted present value basis using a rate determined by reference to market yields at the reporting date on high quality corporate bonds. Defined benefit obligations and the related expenses are measured using the projected unit credit method. Plan surpluses are recognised as a defined benefit asset only to the extent that the surplus is recoverable either through reduced contributions in the future or through refunds from the plan. Changes in the net defined benefit asset or liability arising from employee service are recognised in profit or loss as a current service cost where it relates to services in the current period and as a past service cost where it relates to services in prior periods. Costs relating to plan introductions, benefit changes, curtailments and settlements are recognised in profit or loss in the period in which they occur. Net interest is determined by multiplying the net defined benefit liability by the discount rate, both as determined at the start of the reporting period, taking account of any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. Net interest is recognised in profit or loss.
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.
Other long term benefits
Other long-term employee benefits are recognised as liabilities measured at the net total of the present value of the benefit obligation at the reporting date and the fair value of plan assets out of which the obligations are to be settled directly. The change in the liability is recognised in profit or loss, except to the extent that it is required to be included in the cost of an asset.
Termination benefits
Termination benefits are recognised as an expense in profit or loss immediately. Termination benefits are recognised as a liability and expense only when the company is demonstrably committed either to terminate the employment of an employee or group of employees before the normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Termination benefits are measured at the best estimate of the expenditure that would be required to settle the obligation at the reporting date. In the case of an offer made to encourage voluntary redundancy, measurement is based on the number of employees expected to accept the offer. When termination benefits are due more than 12 months after the end of the reporting period, they shall be measured at their discounted present value.
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
4.
Tangible assets
|
|
Long leasehold property |
Total |
|
|
|
|
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|
|
£ |
£ |
|
|
|
|
|
|
Cost |
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|
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|
At 1 December 2023 and 30 November 2024 |
718,694 |
718,694 |
|
|
|
|
|
|
|
_______ |
_______ |
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|
|
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Depreciation |
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At 1 December 2023 and 30 November 2024 |
- |
- |
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|
_______ |
_______ |
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Carrying amount |
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At 30 November 2024 |
718,694 |
718,694 |
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|
|
|
|
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|
_______ |
_______ |
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|
|
|
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|
At 30 November 2023 |
718,694 |
718,694 |
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|
|
|
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|
_______ |
_______ |
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|
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5.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
1,858 |
19,916 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other creditors |
|
137,669 |
180,806 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
502,052 |
501,698 |
|
|
|
_______ |
_______ |
|
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|
Bank loan is secured by a fixed and floating charge over the assets of the company.
9.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2024 |
|
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
J Kabiri |
(
176,408) |
50,937 |
(
125,471) |
|
|
|
|
|
_______ |
_______ |
_______ |
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|
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|
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|
2023 |
|
|
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|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
J Kabiri |
(
329,802) |
153,394 |
(
176,408) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
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