REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2016 |
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HOLLY 1 LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2016 |
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FOR |
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HOLLY 1 LTD |
HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 JULY 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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HOLLY 1 LTD |
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COMPANY INFORMATION |
for the Year Ended 31 JULY 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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13 - 17 Hursley Road |
Chandlers Ford |
Eastleigh |
SO53 2FW |
HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
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BALANCE SHEET |
31 JULY 2016 |
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31.7.16 | 31.7.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 9 |
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Retained earnings |
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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. |
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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 on
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HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 JULY 2016 |
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1. | STATUTORY INFORMATION |
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Holly 1 Ltd is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rental income from the investment properties. |
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Tangible fixed assets |
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Plant and machinery etc | - | 25% on cost |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008):- (i) investment |
properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve and |
(ii) no depreciation is provided in respect of freehold investment properties. The requirement of the Companies |
Act 2006 is to depreciate all properties, but that requirement conflicts with the generally accepted accounting |
principle set out in the Financial Reporting Standard for Smaller Entities (effective April 2008). The directors |
consider that to depreciate such properties would not give a true and fair view, but that true and fair view is given |
by following the Financial Reporting Standard for Smaller Entities (effective April 2008) as described above. If |
this departure had not been made the profit for the financial year would have been reduced by depreciation of |
£42,917 (2015: £30,898). |
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3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 August 2015 |
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Additions |
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At 31 July 2016 |
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DEPRECIATION |
At 1 August 2015 |
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Charge for year |
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At 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JULY 2016 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 August 2015 |
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Additions |
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At 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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Cost or valuation at 31 July 2016 is represented by: |
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£ |
Valuation in 2013 | 655,107 |
Valuation in 2014 | 550,396 |
Valuation in 2015 | 230,000 |
Cost | 2,145,873 |
3,581,376 |
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If investment property had not been revalued it would have been included at the following historical cost: |
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31.7.16 | 31.7.15 |
£ | £ |
Cost | 2,146,269 | 1,544,893 |
Aggregate depreciation | (162,907 | ) | (119,990 | ) |
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Investment property was valued on an open market basis basis on 31 July 2015 by the directors . |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.16 | 31.7.15 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.16 | 31.7.15 |
£ | £ |
Bank loans and overdrafts |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.16 | 31.7.15 |
£ | £ |
Bank loans |
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HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JULY 2016 |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
31.7.16 | 31.7.15 |
£ | £ |
Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more than 5 years | - | 369,080 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.7.16 | 31.7.15 |
£ | £ |
Bank loans |
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The loans are secured by charges on the company's investment properties. |
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9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 August 2015 |
and 31 July 2016 |
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