Company registration number 10093169 (England and Wales)
Hollins Chagall Limited
Unaudited financial statements
For the year ended 30 April 2025
Hollins Chagall Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Hollins Chagall Limited
Balance sheet
As at 30 April 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
156,471
117,171
Debtors
3
9,574
160
Cash at bank and in hand
2,416
36,100
168,461
153,431
Creditors: amounts falling due within one year
4
(26,303)
(9,523)
Net current assets
142,158
143,908
Capital and reserves
Called up share capital
5
36,434
36,434
Capital redemption reserve
60
60
Profit and loss reserves
105,664
107,414
Total equity
142,158
143,908

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 September 2025 and are signed on its behalf by:
Mr S L Goodman
Director
Company registration number 10093169 (England and Wales)
Hollins Chagall Limited
Notes to the financial statements
For the year ended 30 April 2025
- 2 -
1
Accounting policies
Company information

Hollins Chagall Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 3, First Floor, Victoria Court, Bexton Road, Knutsford, Cheshire, WA16 0PF.

1.1
Basis of preparation

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 sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its net realisable value is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.3
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.

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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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.

Hollins Chagall Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.4
Taxation

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

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
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
9,574
160
Hollins Chagall Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 4 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
10,297
1,440
Taxation and social security
-
0
427
Other creditors
787
-
0
Accruals and deferred income
15,219
7,656
26,303
9,523
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
A Ordinary of £1 each
136
136
136
136
B Ordinary of £1 each
36,274
36,274
36,274
36,274
C Ordinary of £1 each
24
24
24
24
36,434
36,434
36,434
36,434

The A and C shares are issued and not paid.

Hollins Chagall Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 5 -
6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
Purchases
2025
2024
£
£
Entities with common control
39,300
24,958

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities with common control
9,494
-

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Entities with common control
8,300
-
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