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Financial Statements for the Period 1 March 2021 to 31 March 2022 |
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Hollybrook Property Holdings Limited |
REGISTERED NUMBER:
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Financial Statements for the Period 1 March 2021 to 31 March 2022 |
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for |
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Hollybrook Property Holdings Limited |
Hollybrook Property Holdings Limited (Registered number: 04289915) |
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Contents of the Financial Statements |
for the Period 1 March 2021 to 31 March 2022 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Hollybrook Property Holdings Limited |
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Company Information |
for the Period 1 March 2021 to 31 March 2022 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Foresters Hall |
25/27 Westow Street |
Upper Norwood |
London |
SE19 3RY |
Hollybrook Property Holdings Limited (Registered number: 04289915) |
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Abridged Balance Sheet |
31 March 2022 |
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31/3/22 | 28/2/21 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Revaluation reserve | 6 |
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Retained earnings | 6 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Hollybrook Property Holdings Limited (Registered number: 04289915) |
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Abridged Balance Sheet - continued |
31 March 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Hollybrook Property Holdings Limited (Registered number: 04289915) |
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Notes to the Financial Statements |
for the Period 1 March 2021 to 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Hollybrook Property Holdings Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Critical accounting judgements and key sources of estimation uncertainty |
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
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Turnover |
The company's turnover is attributable to rents receivable, net of value added tax. Turnover is accounted for on an accruals basis. |
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Tangible fixed assets |
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Long Leasehold Properties | - |
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Furniture and Equipment | - |
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Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other creditors and, loans from banks and other third parties. |
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Debt instruments which are payable or receivable within one year are measured at the undiscounted amount of cash consideration expected to be paid or received. |
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Debt instruments which are payable or receivable after more than one year are initially measured at the fair value of the cash consideration and thereafter at amortised cost using the effective interest method. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
Hollybrook Property Holdings Limited (Registered number: 04289915) |
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Notes to the Financial Statements - continued |
for the Period 1 March 2021 to 31 March 2022 |
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2. | ACCOUNTING POLICIES - continued |
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Investments |
The company's leasehold properties are included at directors' valuation. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2021 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Totals |
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COST OR VALUATION |
At 1 March 2021 |
and 31 March 2022 |
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DEPRECIATION |
At 1 March 2021 |
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Charge for period |
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At 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 28 February 2021 |
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The company's leasehold properties are held as investments. The properties have been valued on an open market basis by the directors after obtaining professional advice. The company's investment properties have not been depreciated. |
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Cost or valuation at 31 March 2022 is represented by: |
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Long | Furniture |
Leasehold | and |
Properties | Equipment | Totals |
£ | £ | £ |
Valuation in 2006 | 491,728 | - | 491,728 |
Cost | 1,832,012 | 9,124 | 1,841,136 |
2,323,740 | 9,124 | 2,332,864 |
Hollybrook Property Holdings Limited (Registered number: 04289915) |
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Notes to the Financial Statements - continued |
for the Period 1 March 2021 to 31 March 2022 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/22 | 28/2/21 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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6. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 March 2021 |
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2,718,538 |
Profit for the period |
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At 31 March 2022 |
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2,920,678 |
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7. | RELATED PARTY DISCLOSURES |
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The company is ultimately owned by the Hollybrook Funded Unapproved Retirement Benefit Scheme of which Mr M Cox and Mrs P M Cox are Trustees and beneficiaries. |