ACCOUNTS - Final Accounts preparation

Holly Global Services Limited

Registered number: 15608691

Information for filing with
Registrar

For the period ended 31 August 2025

15608691

31 August 2025

HOLLY GLOBAL SERVICES LIMITED

REGISTERED NUMBER: 15608691

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

		2025
Note		£


Current assets
Debtors	4	4,235,343
Cash and cash equivalents		1,097,509
		5,332,852
Creditors: amounts falling due within one year	5	(5,205,396)
Net current assets			127,456
Total assets less current liabilities			127,456

Net assets			127,456

Capital and reserves
Called up share capital	7	2
Profit and loss account		127,454
Total equity		127,456

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P Verity

Director

Date: 23 December 2025

The notes on pages 2 to 9 form part of these financial statements.

Page 1

15608691

31 August 2025

HOLLY GLOBAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

1.	General information

Holly Global Services Limited is a private company, limited by shares, incorporated and registered in England and Wales. The Company's registered number is 15608691. The address of its registered office is 30 Old Bailey, London, United Kingdom, EC4M 7AU.
The principal activity of the Company is that of a service company, providing professional services to related entities.
The Company was incorporated on 2 April 2024. During the period, the Company extended its accounting period to end on 31 August 2025 to align with the accounting periods of related entities. The financial statements are for the first financial period ended 31 August 2025.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 have been presented in Pound Sterling, as this is the currency of the primary economic environment in which the Company operates, and amounts are rounded to the nearest pound.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have assessed the Company’s ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. Based on this assessment, they are satisfied that the Company has adequate resources to meet its financial obligations as they fall due and to sustain its trading activities. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Page 2

15608691

31 August 2025

HOLLY GLOBAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating charges'.

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover, in the form of recharges to related entities, is recognised as services are rendered and the associated costs are incurred. The Company applies a mark-up to these related costs.

2.5

Other operating income

The Company recognises rental income when it is earned and collectible, as rental activities do not constitute part of the Company’s principal operations. The rental income is presented in the Statement of Comprehensive Income within "other operating income".

2.6

Interest receivable and similar income

Interest receivable on the Company's bank deposits, which are included within cash and cash equivalents, is recognised in profit or loss on a straight-line basis.

Page 3

15608691

31 August 2025

HOLLY GLOBAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when the services are rendered. Amounts not paid are shown in other creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.9

Debtors

Debtors are measured at transaction price, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

15608691

31 August 2025

HOLLY GLOBAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.13

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 debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Page 5

15608691

31 August 2025

HOLLY GLOBAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.13

Financial instruments (continued)

Basic 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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors and other loans, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss).

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Employees

The average monthly number of employees, including the directors, during the period was 2.

Page 6

15608691

31 August 2025

HOLLY GLOBAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

Debtors

					2025
					£

	Due after more than one year
	Deferred tax asset	12,254
		12,254
	Due within one year
	Amounts owed by joint ventures and associated undertakings	4,022,058
	Other debtors	65,119
	Prepayments and accrued income	135,814
	Deferred tax asset	98
		4,235,343

Amounts owed by related parties are unsecured, interest-free and payable on demand.
Other debtors relate to VAT repayable of £65,199.

5.	Creditors: amounts falling due within one year
		2025
		£

	Trade creditors	326,921
	Amounts owed to related parties	3,669,729
	Corporation tax	80,203
	Other taxation and social security	1,335
	Other creditors	794
	Accruals and deferred income	1,126,414
		5,205,396

Amounts owed to related parties are unsecured, interest-free and repayable on demand.

Page 7

15608691

31 August 2025

HOLLY GLOBAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

6.	Deferred taxation

		2025
		£

	Charged to profit or loss	12,352
	At end of year	12,352

	The deferred tax asset is made up as follows:
					2025
					£

	Long-term fixed asset timing differences	12,254
	Short-term timing differences	98
		12,352

The deferred tax asset is expected to be utilised over the next few years as capital allowance claims reduce taxable profits in future periods. Accordingly, the asset has been classified as a non-current asset.

7.	Called up share capital
		2025
		£

		Allotted, called up and fully paid

		2 Ordinary shares of £1 each	2

Each ordinary share has attached to it full voting, dividend and capital distribution (including on winding up) rights. They do not confer any rights of redemption.

Upon incorporation on 2 April 2024, the Company issued two ordinary shares at par.

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £390 were payable to the fund at period-end and are included in other creditors.

9.	Related party transactions
	Under paragraph 1AC.35 of the FRS 102, the Company is not required to disclose related party transactions that have been concluded under normal conditions.

Page 8

15608691

31 August 2025

HOLLY GLOBAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2025

10.	Post balance sheet events

There have been no significant events affecting the Company since the period-end.

11.	Controlling party

The Company's ultimate controlling parties are Forvis Mazars, LLP, a partnership incorporated in the United States, and Forvis Mazars Group Société Coopérative, a cooperative society incorporated in Belgium, by virtue of their equal shareholding in the Company.

Page 9