true
Holly IP Limited
07641134
2015-05-31
2672
-119
2772
-19
100
100
2772
-19
2772
-19
1926
-1264
4175
1675
6101
411
935
210
5166
201
846
1245
0
117
846
1128
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Website-Over useful life of 4 years
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
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 entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Equipment
Method for Equipment
0.0000
468
468
468
351
117
2673
2673
1827
1545
282
3141
3141
2295
1896
399
Ordinary
100
1
100
100
Ordinary
1
100
100
100
2016-02-09
Dr S ALI
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Holly IP Limited
2014-06-01
2015-05-31
Holly IP Limited
2013-06-01
2014-05-31
Holly IP Limited
2013-05-31
Holly IP Limited
2014-05-31
Holly IP Limited
2014-05-31
Holly IP Limited
2015-05-31
2016-02-18