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Registered number: 06698920
House of Colour International Limited
Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06698920
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 13,961 11,276
Tangible Assets 5 935 937
Investments 6 610,092 610,092
624,988 622,305
CURRENT ASSETS
Debtors 7 15,966 65,389
Cash at bank and in hand 242,705 33,101
258,671 98,490
Creditors: Amounts Falling Due Within One Year 8 (371,483 ) (195,197 )
NET CURRENT ASSETS (LIABILITIES) (112,812 ) (96,707 )
TOTAL ASSETS LESS CURRENT LIABILITIES 512,176 525,598
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,481 ) -
NET ASSETS 510,695 525,598
CAPITAL AND RESERVES
Called up share capital 9 1,123 1,333
Capital redemption reserve 210 -
Profit and Loss Account 509,362 524,265
SHAREHOLDERS' FUNDS 510,695 525,598
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For the year ending 30 April 2025 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.
On behalf of the board
Mr M King
Director
14/01/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
House of Colour International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06698920 . The registered office is 14a Meadway Court, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover includes Licence fees earned from the ownership of the Intellectual Property owned by the company.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Trademarks. They are amortised to the profit and loss account over their estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% on cost
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual value of the assets. The useful economic lives and residual value are reassessed annually. They are amended when necessary to reflect current estimates, future investments and the physical condition of the assets.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairments.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 May 2024 11,870
Additions 3,451
As at 30 April 2025 15,321
Amortisation
As at 1 May 2024 594
Provided during the period 766
As at 30 April 2025 1,360
...CONTINUED
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Net Book Value
As at 30 April 2025 13,961
As at 1 May 2024 11,276
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2024 1,842
Additions 913
Disposals (891 )
As at 30 April 2025 1,864
Depreciation
As at 1 May 2024 905
Provided during the period 615
Disposals (591 )
As at 30 April 2025 929
Net Book Value
As at 30 April 2025 935
As at 1 May 2024 937
6. Investments
Other
£
Cost or Valuation
As at 1 May 2024 610,092
Additions 5,553
As at 30 April 2025 615,645
Provision
As at 1 May 2024 -
Added in period 5,553
As at 30 April 2025 5,553
Net Book Value
As at 30 April 2025 610,092
As at 1 May 2024 610,092
Other investments represent shares in subsidiary undertakings.
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7. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 14,572 42,616
Other debtors 1,394 22,773
15,966 65,389
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,887 -
Amounts owed to group undertakings 301,343 16,696
Other creditors 25,912 121,525
Taxation and social security 29,341 56,976
371,483 195,197
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,123 1,333
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