Phase 7 · Accounting

Group books

Hybrid bookkeeping — internal core for entities on Holstead, plus a read-only adapter for entities that stay on Xero or MYOB. Single P&L view across the consolidated group.

Chart of accounts Trial balance Banking · BAS prep Annual reviewClose advisor

Accounting advisor

Margin watch · Tax efficiency · Intra-group

Mock

Aus Action Sports throws off the only meaningful margin in the group right now (~28%); proposed entities are pre-revenue. Two tax-efficiency moves worth chasing this FY, two intra-group items needing paperwork before consolidation election.

Margin watch

Web Dev margin compressed by personal-use overhead

medium

Mixed personal/business cost lines hit Web Dev's P&L (subscriptions, vehicle, AI tooling) without clean split. Real margin likely 10-15% above the reported number.

Web Dev

Aus Action Sports — single-event revenue concentration

low

~60% of FY revenue comes from one summer events block. Margin headline (28%) hides the seasonal cash-flow gap from May-Sep.

Aus Action Sports

Tax efficiency

File ESIC eligibility for Oyra before 2026-05-12

~$20,000/yr

Oyra can self-assess as ESIC under Subdiv 360-A. Filing the principles-based test result with the ATO before founder-share issue protects investors' 20% offset + 10-year CGT exemption.

ITAA 1997 Subdiv 360-A

Time the tax consolidation election for after Tech Sub-Holding (if added)

~$8,000/yr

Election under Div 703 is irrevocable. Timing it to capture the future Tech Sub-Holding (if Daniel restructures) lets the loss-utilisation rules apply to all wholly-owned tech entities. Election before then forces a re-election or out-of-group treatment.

ITAA 1997 Div 703

Intra-group notes

Services agreement Web Dev → Aus Action Sports needs documenting

high

Web Dev runs ausactionsports.com.au but no agreement covers the recharge. Without a documented arm's-length services fee, Div 815 transfer-pricing scrutiny becomes a real audit risk if revenue grows.

Web DevAus Action Sports

IP licensing agreements between IP HoldCo and operating entities

medium

Patents in IP HoldCo aren't yet licensed to Oyra or Web Dev. Royalty rate setting matters for ESIC innovation test and for justifying the IP HoldCo's tax separation.

IP HoldCoOyra

Accounting advisor

Reading your P&Ls…

Working

Group revenue YTD

$310,000

FY25/26 to date

Net profit

$152,500

49% margin

Intra-group eliminated

$9,600

Single-entity rule applied

Live ledgers

Entities with books today

Group-consolidated P&L

Walks the structure from Family Trust, sums in-scope P&Ls, then nets out executed intercompany services / IP / management / charge flows so the same dollar isn't double-counted. Phase 7 (real ledger) keeps the same shape — only the underlying numbers change.

Pre-elimination revenue

$310,000

Across 2 consolidated entities with P&L

Intercompany eliminated

$3,600

4 executed activities

Consolidated revenue

$306,400

Net $152,500 · 50% margin

Per-entity contribution to consolidated revenue

Web Dev Pty Ltd$168,000 · 54%
Net $76,500 · 46% margin
Aus Action Sports Pty Ltd$142,000 · 46%
Net $76,000 · 54% margin

Eliminated by activity type

Services fee × 4$3,600

Eliminated activities (4)

Aus Action Sports Pty Ltd → Web Dev Pty LtdServices fee$800
Aus Action Sports Pty Ltd → Web Dev Pty LtdServices fee$800
Aus Action Sports Pty Ltd → Web Dev Pty LtdServices fee$800
Aus Action Sports Pty Ltd → Web Dev Pty LtdServices fee$1,200

Planned intercompany flows (3)

Will be netted out once status flips to executed / reconciled. Total to come: $22,000.

Multi-period P&L comparison

Entity	FY25/26 YTD revenue	FY24/25 revenue	Δ revenue	FY25/26 YTD net	FY24/25 net	Δ net
Aus Action Sports Pty Ltd	$142,000	$118,000	+$24,000	$76,000	$64,000	+$12,000
Web Dev Pty Ltd	$168,000	$152,000	+$16,000	$76,500	$69,000	+$7,500

Tax summary · group

Pre-tax-time briefing. Click any stat to drill into its source rows. Numbers derived from seed P&L + balance sheets + activity log; Phase 7 (Xero adapter) feeds real ledger figures.

GST liability heuristic ≈ $1,280 (8% of current liabilities, indicative only).

BAS — Q3 (Jan-Mar 2026)· Aus Action Sports Pty Ltd2026-04-28
Tax return — FY24/25 — Aus Action Sports· Aus Action Sports Pty Ltd2026-10-31
Tax return — FY24/25 — Web Dev· Web Dev Pty Ltd2026-10-31
Tax return — FY24/25 — Family Trust· Family Trust2026-10-31

Group balance sheet

As-at point-in-time. Sums in-scope balances, then nets out matching intercompany receivables × payables. Phase 7 (Xero adapter) keeps the same shape — only the underlying numbers change.

Total assets (consolidated)

$67,500

Pre-elim $69,900

Total liabilities (consolidated)

$13,600

Pre-elim $16,000

Equity (consolidated)

$53,900

Equity passes through unchanged on consolidation

Intercompany eliminations

Intercompany receivables

$2,400

Intercompany payables

$2,400

Net imbalance

Entity	Curr. assets	Non-curr. assets	Curr. liab.	Equity	IC rec.	IC pay.
Aus Action Sports Pty Ltd	$18,500	$4,200	$6,800	$15,900	—	$2,400
Web Dev Pty Ltd	$32,400	$6,800	$9,200	$30,000	$2,400	—
Family Trust	$8,000	$0	$0	$8,000	—	—

Equity reconciliation breakdown

Splits the consolidated equity into equity attributable to the principal (Daniel) versus minority interests held by other stakeholders. Phase 7 wires real investment-in-subsidiary lines and full intra-group dividend wash.

Standalone equity (sum): $53,900
Minority interest carve-out: —
Principal-attributable equity: $53,900

GST overview

Entity	Type	GST status	Notes
Family Trust	Trust	Not yet set	—
HoldCo Pty Ltd	Pty Ltd	Not yet set	—
IP HoldCo Pty Ltd	Pty Ltd	Not yet set	—
Action Sports Sub-Holding	Pty Ltd	Not yet set	—
Unspoken Union Pty Ltd	Pty Ltd	Not yet set	—
Aus Action Sports Pty Ltd	Pty Ltd	Not yet set	—
Web Dev Pty Ltd	Pty Ltd	Not yet set	—
Oyra Pty Ltd	Pty Ltd	Below $75k	Voluntarily unregistered for GST until annual turnover crosses the $75k AUD threshold. ATO requires registration within 21 days of crossing — track revenue closely once revenue ramps. Until then, prices are GST-free and no BAS lodgement required.
HELM	Pty Ltd	Not yet set	—
Spokespot Pty Ltd	Pty Ltd	Not yet set	—
Bike Express	Pty Ltd	Not yet set	—

Ledger provider mix

Internal · Holstead

Family Trust
Aus Action Sports Pty Ltd

Holstead (proposed)

HoldCo Pty Ltd
IP HoldCo Pty Ltd
Action Sports Sub-Holding
Unspoken Union Pty Ltd
Oyra Pty Ltd
HELM
Spokespot Pty Ltd
Bike Express

Xero (read-only adapter)

Web Dev Pty Ltd

Phase 7F adds a Xero / MYOB read adapter so external ledger data flows in alongside Holstead-native entries.

P&L by entity

Click any card to open the per-entity accounting view — obligations, financial documents, intra-group activity, and the profitability advisor in one place.

Aus Action Sports Pty Ltd

FY25/26 YTD · Internal · Holstead

$76,000

Net profit

Revenue: $142,000
COGS: $28,000
Expenses: $38,000
Tax provision: $0

Open per-entity view →

Web Dev Pty Ltd

FY25/26 YTD · Xero (read-only adapter)

$76,500

Net profit

Revenue: $168,000
COGS: $24,000
Expenses: $42,000
Tax provision: $25,500

Open per-entity view →

Chart of accounts · standard template

Code	Account	Category
100	Cash at bank	Asset
110	Trade receivables	Asset
150	Prepayments	Asset
200	Trade payables	Liability
210	GST liability	Liability
220	PAYG withholding	Liability
230	Div 7A loan payable	Liability
300	Share capital	Equity
310	Retained earnings	Equity
400	Trading revenue	Revenue
410	Service fees	Revenue
420	IP licensing income	Revenue
500	Cost of services	Cost of services
600	Insurance	Expense
610	Subscriptions	Expense
620	Professional fees	Expense
630	Travel	Expense
640	Office	Expense

Coming in Phase 7

Live wiring sub-phases: 7A bookkeeping core (chart of accounts, journals, transactions); 7B reporting (P&L, balance sheet, cash flow, trial balance); 7C GST and BAS prep; 7D intra-group reconciliation under the single-entity rule; 7E year-end and period close; 7F Xero/MYOB read adapter.