H Couzyn Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00594105 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 7 APRIL 2019

FOR

H COUZYN LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

C B Bonas

SECRETARY:

Mrs C Miller

REGISTERED OFFICE:

Thavies Inn House

3-4 Holborn Circus

London

EC1N 2PL

REGISTERED NUMBER:

00594105 (England and Wales)

AUDITORS:

Cameron Baum Hollander Limited

Chartered Accountants

Statutory Auditor

88 Crawford Street

London

W1H 2EJ

FIXED ASSETS

Investments

3

300

300

CURRENT ASSETS

Debtors

4

127,937

98,667

Cash at bank

301,679

258,541

429,616

357,208

CREDITORS

Amounts falling due within one year

5

279,781

234,519

NET CURRENT ASSETS

149,835

122,689

TOTAL ASSETS LESS CURRENT LIABILITIES

150,135

122,989

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

150,035

122,889

SHAREHOLDERS' FUNDS

150,135

122,989

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 November 2019 and were signed by:

C B Bonas - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK Pound Sterling which is the the functional currency of the company.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and

the revenue can be reliably measured. Revenue is measured as the fair valuer of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period in which the services are provided in

accordance with the stage of completion of the contract when the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are re-measured to

market value at each balance sheet date. Gains and losses on re-measurement are recognised in the Income

statement for the period. Where market value cannot be reliably determined, such investments are stated at

historic cost less impairment.

Investments in listed Company shares are measured to market value at each balance sheet date. Gains and

losses on re-measurement are recognised in the Income statement for the period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 8 April 2018

and 7 April 2019

300

NET BOOK VALUE

At 7 April 2019

300

At 7 April 2018

300

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

58,250

68,238

Amounts owed by group undertakings

30,361

30,361

Other debtors

39,326

68

127,937

98,667

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

41

-

Amounts owed to group undertakings

279,645

234,120

Taxation and social security

95

399

279,781

234,519

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Geoffrey Hollander (Senior Statutory Auditor)

for and on behalf of Cameron Baum Hollander Limited

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose transactions with

fellow group undertakings on the grounds that it is a wholly owned subsidiary of Bonas Family Holdings Limited,

a company preparing consolidated accounts which are publicly available.

8.	ULTIMATE PARENT UNDERTAKING

As at 7 April 2019, the smallest and largest group of undertakings of which the company was a member and for

which group accounts will be drawn up was that headed by the ultimate parent undertaking, Bonas Family

Holdings Limited, a company registered in England and Wales.

9.	SUBSIDIARY UNDERTAKINGS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Country of

Class of

Group

registration/

Nature of

share capital

Holding

operation

business

held

%

Clerkhill Limited

England and Wales

Investment trading

Ordinary shares

100

Holition Limited

England and Wales

3D technology

Ordinary shares

72.90

Holition Beauty Limited

England and Wales

Non-trading

Ordinary shares

72.90

The aggregate of the share capital and reserves as at 7 April 2019 and of the profit and loss for the year ended

on that date for the subsidiary undertakings were as follows:

Aggregate of share

capital and reserves

Profit(/loss

)

£

£

Clerkhill Limited

(517,156

)

16,420

Holition Limited

(1,136,853

)

(429,549

)

Holition Beauty Limited

100

-