General Information
2020 Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12146641, registration address Merlin House Brunel Road, Theale, Berkshire, England, RG7 4AB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2023 : 3).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 January 2024 |
84,004 |
|
84,004 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2024 |
84,004 |
|
84,004 |
| Amortisation |
| At 01 January 2024 |
8,226 |
|
8,226 |
| Charge for year |
4,200 |
|
4,200 |
| On disposals |
- |
|
- |
| At 31 December 2024 |
12,426 |
|
12,426 |
| Net book values |
| At 31 December 2024 |
71,578 |
|
71,578 |
| At 31 December 2023 |
75,778 |
|
75,778 |
|
| 4. |
Investments
| Cost |
Investments in group undertakings |
|
Total |
| |
£ |
|
£ |
| At 01 January 2024 |
3,023,855 |
|
3,023,855 |
| Additions |
- |
|
- |
| Transfer to/from tangible fixed assets |
0 |
|
0 |
| Disposals |
(8,855) |
|
(8,855) |
| At 31 December 2024 |
3,015,000 |
|
3,015,000 |
|
| 5. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Amount Owed by Group Undertakings |
395,419 |
|
188,535 |
| Other Debtors |
673,772 |
|
633,434 |
|
1,069,191 |
|
821,969 |
|
| 6. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Amounts Owed to Group Undertakings |
329,835 |
|
358,572 |
| Other Creditors |
750,000 |
|
570,000 |
| Directors' Current Accounts |
1,438,582 |
|
1,415,010 |
|
2,518,417 |
|
2,343,582 |
|
| 7. |
Share premium account
|
2024
£ |
|
2023
£ |
| Equity Share Premium b/fwd |
1,253,468 |
|
1,253,468 |
|
1,253,468 |
|
1,253,468 |
|
2
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