true
Holly IP Limited
07641134
2016-05-31
3183
2672
3283
2772
100
100
3283
2772
3283
2772
2649
1926
6533
4175
9182
6101
1105
935
8077
5166
634
846
634
846
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 January 2015).
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
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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
468
2673
2673
2039
1827
212
3141
3141
2507
2295
212
Ordinary
100
1
100
100
Ordinary
1
100
100
100
2017-02-13
Dr S ALI
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Holly IP Limited
2015-06-01
2016-05-31
Holly IP Limited
2014-06-01
2015-05-31
Holly IP Limited
2014-05-31
Holly IP Limited
2015-05-31
Holly IP Limited
2015-05-31
Holly IP Limited
2016-05-31
2017-02-28