Name: Hans  Retz

Name: HR HOLDINGS LIMITED

Date of Birth: 11 / 11 / 1963

Date Order Starts: 14 / 7 / 2025

Disqualification Length: 7 Years Years 0 Month(s)

CRO Number: 10078096

Last Known Address: Threeways, Weston Longville, , , NORWICH, NR9 5JU

Conduct: Hans Retz failed to ensure that HR Holdings Limited (“HRH”) maintained and preserved adequate accounting records, or in the alternative, following liquidation failed to deliver up adequate accounting records such as were maintained to the Liquidator upon request for the period 01 January 2021 to 21 February 2023 (“the period”), the date of liquidation. The absence of accounting records has resulted in the following consequences: • After registering for VAT on 11 April 2016, HRH was required to submit quarterly VAT returns. During the period, HRH submitted 6 VAT returns for the quarters ended February 2021 to May 2022 (inclusive). Following a review of HRH’s bank statements the sales receipts received by HRH during the period differ significantly to the outputs declared on the VAT returns submitted to HMRC. In the absence of sales and purchase invoices, it is not possible to verify the accuracy of the VAT returns submitted to HMRC. • The final VAT return submitted by HRH was for the quarter ended May 2022, with HRH failing to submit VAT returns for the quarters ended August 2022 and November 2022. In the absence of sales and purchase invoices, it is not possible to determine an accurate VAT liability position of HRH at the date of liquidation. • In the absence of sales invoices determine the source of HRH’s income totalling at least £5,392,420 during the period. • In the absence of purchase invoices or other records determine the reason for expenditure totalling £3,101,501 during the period and confirm that it was in the best interest of the company. • Following a review of HRH’s bank statements, payments identified to individuals during the period total £2,396,259. In the absence of payroll and other records, it is not possible to verify whether these payments represented wages paid to staff and/or subcontractors and establish the accuracy of PAYE returns submitted to HMRC. • It is not possible to determine the reasons for payments to Mr Retz with a net outflow of £59,460 and his remuneration and any other benefit he derived from HRH, and the position of any Director’s loan account at liquidation. • Determine the purpose of cash withdrawals from HRH’s bank account totalling £20,394, and whether the cash withdrawals were utilised in the best interests of the company. • Establish the amounts owed to HRH at the date of liquidation and therefore pursue such debts to the benefit of HRH’s creditors and determine the status of book debts totalling £558,359, as recorded in the accounts for the period ended 31 December 2020. • It is not possible to determine the reason for the decline in the financial position of HRH from a positive profit and loss reserves balance of £80,560 as per the last set of accounts, compared to the deficiency as regards to creditors totalling £433,140 at the date of liquidation. • Establish the accuracy of the Statement of Affairs lodged at the date of liquidation. 

This information is correct as at 24 / 6 / 2025

Name: HR HOLDINGS LIMITED

Date of Birth: 11 / 11 / 1963

Date Order Starts: 14 / 7 / 2025

Disqualification Length: 7 Years Years 0 Month(s)

CRO Number: 10078096

Last Known Address: Threeways, Weston Longville, , , NORWICH, NR9 5JU

Conduct: Hans Retz failed to ensure that HR Holdings Limited (“HRH”) maintained and preserved adequate accounting records, or in the alternative, following liquidation failed to deliver up adequate accounting records such as were maintained to the Liquidator upon request for the period 01 January 2021 to 21 February 2023 (“the period”), the date of liquidation. The absence of accounting records has resulted in the following consequences: • After registering for VAT on 11 April 2016, HRH was required to submit quarterly VAT returns. During the period, HRH submitted 6 VAT returns for the quarters ended February 2021 to May 2022 (inclusive). Following a review of HRH’s bank statements the sales receipts received by HRH during the period differ significantly to the outputs declared on the VAT returns submitted to HMRC. In the absence of sales and purchase invoices, it is not possible to verify the accuracy of the VAT returns submitted to HMRC. • The final VAT return submitted by HRH was for the quarter ended May 2022, with HRH failing to submit VAT returns for the quarters ended August 2022 and November 2022. In the absence of sales and purchase invoices, it is not possible to determine an accurate VAT liability position of HRH at the date of liquidation. • In the absence of sales invoices determine the source of HRH’s income totalling at least £5,392,420 during the period. • In the absence of purchase invoices or other records determine the reason for expenditure totalling £3,101,501 during the period and confirm that it was in the best interest of the company. • Following a review of HRH’s bank statements, payments identified to individuals during the period total £2,396,259. In the absence of payroll and other records, it is not possible to verify whether these payments represented wages paid to staff and/or subcontractors and establish the accuracy of PAYE returns submitted to HMRC. • It is not possible to determine the reasons for payments to Mr Retz with a net outflow of £59,460 and his remuneration and any other benefit he derived from HRH, and the position of any Director’s loan account at liquidation. • Determine the purpose of cash withdrawals from HRH’s bank account totalling £20,394, and whether the cash withdrawals were utilised in the best interests of the company. • Establish the amounts owed to HRH at the date of liquidation and therefore pursue such debts to the benefit of HRH’s creditors and determine the status of book debts totalling £558,359, as recorded in the accounts for the period ended 31 December 2020. • It is not possible to determine the reason for the decline in the financial position of HRH from a positive profit and loss reserves balance of £80,560 as per the last set of accounts, compared to the deficiency as regards to creditors totalling £433,140 at the date of liquidation. • Establish the accuracy of the Statement of Affairs lodged at the date of liquidation. 

This information is correct as at 24 / 6 / 2025

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