REGISTERED NUMBER: 15316966 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

29 NOVEMBER 2023 TO 31 DECEMBER 2024

FOR

HOLD MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F L J De Ryckman De Betz

C G Forsyth

C E D Kempe

P W F Kempe

A G Louw

S A Macrae

REGISTERED OFFICE:

3rd Floor

21 Perrymount Rd

Haywards Heath

West Sussex

RH16 3TP

REGISTERED NUMBER:

15316966 (England and Wales)

AUDITORS:

Galloways Accounting

Statutory Auditors

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

4

133,934

CURRENT ASSETS

Debtors

5

1,241,749

Cash at bank

12,652

1,254,401

CREDITORS

Amounts falling due within one year

6

(3,051,356

)

NET CURRENT LIABILITIES

(1,796,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,663,021

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(1,663,121

)

SHAREHOLDERS' FUNDS

(1,663,021

)

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

S A Macrae - Director

F L J De Ryckman De Betz - Director

1.	STATUTORY INFORMATION

Hold Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

The company is reliant on financial support form related parties. The directors have received confirmation that this financial support will be provided for a period to 31 December 2026 and it is therefore the directors' opinion that the application of the going concern basis is appropriate for the preparation of the company's financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Capitalised website costs will be amortised on a straight-line basis over their estimated useful economic life once the website is brought into use.

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

3.

EMPLOYEES

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Website

Cost

£

COST

Additions

133,934

At 31 December 2024

133,934

NET BOOK VALUE

At 31 December 2024

133,934

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

1,090,839

Other debtors

150,910

1,241,749

Amounts owed by group undertakings are unsecured, have no fixed date of repayment and are payable on demand. At the balance sheet date, the loans carried interest at rates ranging between 0% and 5.15% per annum.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

517,366

Amounts owed to group undertakings

2,303,725

Taxation and social security

44,630

Other creditors

185,635

3,051,356

Amounts owed to group undertakings are unsecured, have no fixed date of repayment and are payable on demand. At the balance sheet date, the loans carried interest at rates ranging between 0% and 5.15% per annum.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Morris BSc FCCA (Senior Statutory Auditor)

For and on behalf of Galloways Accounting

8.	RELATED PARTY DISCLOSURES

Balances owed by and to group undertakings and the terms attributable to them are disclosed in notes 5 and 6 to the financial statements.

The company's turnover relates wholly to management services charged to fellow group undertakings.

The immediate parent undertaking is Hold Midco Limited, company registration number 12992667.

The ultimate parent is Hold Topco Limited, company registration number 11307569.