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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST JULY 2017 |
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HOLLY 1 LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST JULY 2017 |
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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 31ST JULY 2017 |
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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 31ST JULY 2017 |
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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 |
31ST JULY 2017 |
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31.7.17 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 |
8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 10 |
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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 31ST JULY 2017 |
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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 | - |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1st August 2016 |
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Additions |
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At 31st July 2017 |
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DEPRECIATION |
At 1st August 2016 |
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Charge for year |
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At 31st July 2017 |
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NET BOOK VALUE |
At 31st July 2017 |
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At 31st July 2016 |
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HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST JULY 2017 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st August 2016 |
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Additions |
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Disposals | ( |
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At 31st July 2017 |
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NET BOOK VALUE |
At 31st July 2017 |
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At 31st July 2016 |
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Fair value at 31st July 2017 is represented by: |
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£ |
Valuation in 2013 | 655,107 |
Valuation in 2014 | 550,396 |
Valuation in 2015 | 230,000 |
Valuation in 2017 | (129 | ) |
Cost | 2,305,850 |
3,741,224 |
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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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31.7.17 | 31.7.16 |
£ | £ |
Cost | 2,305,850 | 2,146,269 |
Aggregate depreciation | (207,224 | ) | (162,907 | ) |
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Investment property was valued on an open market basis basis on 31st July 2017 by the directors . |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
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 31ST JULY 2017 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.7.17 | 31.7.16 |
£ | £ |
Bank loans |
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The loans are secured by charges on the company's investment properties. |
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10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st August 2016 |
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Movement for the year | (129 | ) |
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At 31st July 2017 |
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