REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST JULY 2023 |
FOR |
HOLLY 1 LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST JULY 2023 |
FOR |
HOLLY 1 LTD |
HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31ST JULY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HOLLY 1 LTD |
COMPANY INFORMATION |
for the Year Ended 31ST JULY 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
13 Hursley Road |
Chandlers Ford |
Eastleigh |
Hampshire |
SO53 2FW |
HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
BALANCE SHEET |
31ST JULY 2023 |
31.7.23 | 31.7.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31ST JULY 2023 |
1. | STATUTORY INFORMATION |
Holly 1 Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental income from the investment properties. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st August 2022 |
and 31st July 2023 |
DEPRECIATION |
At 1st August 2022 |
and 31st July 2023 |
NET BOOK VALUE |
At 31st July 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st August 2022 |
and 31st July 2023 |
NET BOOK VALUE |
At 31st July 2023 |
At 31st July 2022 |
HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST JULY 2023 |
5. | INVESTMENT PROPERTY - continued |
Fair value at 31st July 2023 is represented by: |
£ |
Valuation in 2013 | 655,107 |
Valuation in 2014 | 550,396 |
Valuation in 2015 | 230,000 |
Valuation in 2017 | (129 | ) |
Valuation in 2018 | 394,237 |
Valuation in 2019 | 46,565 |
Valuation in 2020 | 300,000 |
Valuation in 2021 | 253,434 |
Valuation in 2022 | 99,187 |
Cost | 2,037,203 |
4,566,000 |
If the investment properties had not been revalued they would have been included at the following historical cost: |
31.7.23 | 31.7.22 |
£ | £ |
Cost | 2,037,203 | 2,037,203 |
Aggregate depreciation | (441,749 | ) | (400,868 | ) |
Investment properties were valued on an open market basis basis on 31st July 2023 by the directors . |
6. | DEBTORS |
31.7.23 | 31.7.22 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Amounts owed by associates |
Other debtors |
Amounts falling due after more than one year: |
Amounts owed by associates |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to associates | 3,141 | 1,136 |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.23 | 31.7.22 |
£ | £ |
Bank loans |
Amounts owed to associates | 15,300 | 10,000 |
Other creditors |
HOLLY 1 LTD (REGISTERED NUMBER: 07718238) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST JULY 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
31.7.23 | 31.7.22 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more than 5 years | 2,178,849 | 2,123,877 |
Other loans more 5yrs instal | 14,872 | 22,024 |
2,193,721 | 2,145,901 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.7.23 | 31.7.22 |
£ | £ |
Bank loans |
The loans are secured by charges on the company's investment properties. |
10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st August 2022 |
and 31st July 2023 |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31st July 2023 and 31st July 2022: |
31.7.23 | 31.7.22 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |