Hollistock Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 07478326

		2024		2023
	Notes	€	€	€	€
FIXED ASSETS

CURRENT ASSETS
Debtors	4	2,197,000		2,197,000
Cash at bank and in hand		1,826		40,627

		2,198,826		2,237,627
Creditors: Amounts Falling Due Within One Year	5	(1,547,532 )		(1,573,447 )

NET CURRENT ASSETS (LIABILITIES)			651,294		664,180

TOTAL ASSETS LESS CURRENT LIABILITIES			651,294		664,180

NET ASSETS			651,294		664,180

CAPITAL AND RESERVES
Called up share capital	6		581,862		581,862
Profit and Loss Account			69,432		82,318

SHAREHOLDERS' FUNDS			651,294		664,180

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 27 October 2025 and were signed on its behalf by:

George Mihale

Director

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Hollistock Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07478326 . The registered office is Ground Floor, 13 Charles ll Street, London, SW1Y 4QU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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 true and fair view.

The financial statements are prepared in euros, 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 the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets include debtors and cash and bank balances.

Debtors

Other than loans, debtors do not carry any interest and are stated at their nominal value. Appropriateallowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Cash at bank and in hand

Cash at bank and in hand include cash in hand, deposits held at call with banks and other short term liquid investments with original maturities of three months or less.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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

Basic financial liabilities

Basic financial liabilities include creditors. Creditors are not interest bearing and are stated at their nominal value.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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Hollistock Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2.5. Foreign exchange

Transactions in currencies other than euros are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Debtors

	2024	2023
	€	€
Due within one year
Other debtors	2,197,000	2,197,000

Other debtors is made up of payments made in advance in respect of a Rights purchase where the final payment was due by 31 December 2024.

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	€	€
Trade creditors	2,566	1,179
Corporation tax	5,391	18,050
Accruals and deferred income	13,407	-
Amounts owed to related parties	1,526,168	1,554,218

	1,547,532	1,573,447

The amounts payable to related parties are unsecured, interest free and is repayable on demand.

6. Share Capital

	2024	2023
	€	€
Allotted, Called up and fully paid	581,862	581,862

7. Post Balance Sheet Events

There are no post balance sheet events after the reporting date.

8. Related Party Transactions

As at 31 December 2024, there was a balance of €1,526,168 (€1,554,218) that was payable to Solexim SA which is a related party due to the same ultimate controlling party. There were no other related party balances as at the reporting date.

9. Ultimate Controlling Party

The company's ultimate controlling party is Mr Florin Dilma by virtue of his shareholding in the company.

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