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Registration number: 04190191

Holland & Harris Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Holland & Harris Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Holland & Harris Limited

Company Information

Director | S Catargiu

Company secretary | Laggan Secretaries Limited

Registered office | 5th Floor, North Side 7/10 Chandos Street Cavendish Square London W1G 9DQ

Holland & Harris Limited

(Registration number: 04190191)
Balance Sheet as at 31 December 2025

| Note | 2025 € | 2024 €
Fixed assets |  |  |
Intangible assets | 4 | 21 | 217
Tangible assets | 5 | 1,182 | 2,579
Investments | 6 | - | 22,760
|  | 1,203 | 25,556
Current assets |  |  |
Stocks |  | - | 66,151
Debtors | 7 | 621,445 | 379,417
Cash at bank and in hand |  | 1,106,101 | 433,172
|  | 1,727,546 | 878,740
Creditors: Amounts falling due within one year | 8 | (1,034,491) | (218,483)
Net current assets |  | 693,055 | 660,257
Total assets less current liabilities |  | 694,258 | 685,813
Creditors: Amounts falling due after more than one year | 8 | (250,000) | (250,000)
Net assets |  | 444,258 | 435,813
Capital and reserves |  |  |
Called up share capital |  | 117,776 | 117,776
Retained earnings |  | 326,482 | 318,037
Shareholders' funds |  | 444,258 | 435,813

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 May 2026

......................................... S Catargiu Director

Holland & Harris Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ
United Kingdom

These financial statements were authorised for issue by the director on 15 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

The preparation of financial statements in compliance with FRS 102 requires the directors to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are innitially recognised at the rate of exchange ruling at the date of the transaction.
At the end of each reporting period, foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical costs are translated at the rate ruling at the date of the transaction. All differences are charged to profit and loss account.

Holland & Harris Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% straight line
Equipment, fixtures & fittings | 20% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Trademark | 20% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Holland & Harris Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Holland & Harris Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Recognition and measurement
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in Profit or Loss Account.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 3).

Holland & Harris Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Trademarks, patents and licenses € | Total €
Cost or valuation
At 1 January 2025 | 12,106 | 12,106
At 31 December 2025 | 12,106 | 12,106
Amortisation
At 1 January 2025 | 11,889 | 11,889
Amortisation charge | 196 | 196
At 31 December 2025 | 12,085 | 12,085
Carrying amount
At 31 December 2025 | 21 | 21
At 31 December 2024 | 217 | 217

5 | Tangible assets

| Office equipment € | Other tangible assets € | Total €
Cost or valuation
At 1 January 2025 | 9,111 | 1,840 | 10,951
Additions | 295 | - | 295
At 31 December 2025 | 9,406 | 1,840 | 11,246
Depreciation
At 1 January 2025 | 6,532 | 1,840 | 8,372
Charge for the year | 1,692 | - | 1,692
At 31 December 2025 | 8,224 | 1,840 | 10,064
Carrying amount
At 31 December 2025 | 1,182 | - | 1,182
At 31 December 2024 | 2,579 | - | 2,579

Holland & Harris Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Investments

| 2025 € | 2024 €
Unlisted investments | - | 1,160
Investments in associates | - | 21,600
| - | 22,760

Unlisted Investments | €
Cost
At 1 January 2025 | 1,160
Disposals | (1,160)
At 31 December 2025 | -
Provision
Carrying amount
At 31 December 2025 | -
At 31 December 2024 | 1,160

Associates | €
Cost
At 1 January 2025 | 21,600
Provision
Eliminated on disposals | 21,600
Carrying amount
At 31 December 2025 | -
At 31 December 2024 | 21,600

7 | Debtors

Current | 2025 € | 2024 €
Trade debtors | 269,809 | 178,391
Prepayments | 31 | 311
Other debtors | 351,605 | 200,715
| 621,445 | 379,417

Holland & Harris Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 € | 2024 €
Due within one year |  |
Trade creditors | 97,972 | 150,041
Taxation and social security | 2,774 | 10,338
Accruals and deferred income | 933,266 | 52,793
Other creditors | 479 | 5,311
| 1,034,491 | 218,483

Creditors: amounts falling due after more than one year

| 2025 € | 2024 €
Due after one year |  |
Other financial liabilities | 250,000 | 250,000

9 | Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are pensions of €479 (2024 - €506).

10 | Related party transactions

Summary of transactions with other related parties

At the balance sheet date, the balance oustanding of short term loan due to a director and shareholder was €200,000 (2024: €200,000), The loan is interest free and repayable on demand.
At the balance sheet date, the balance due to a company under common control was €50,000 (2024: €50,000).

11 | Parent and ultimate parent undertaking

The ultimate controlling party is Antony David Janse Van Vuuren.