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REGISTERED NUMBER: 01499545 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2022

for

The Hollies Nursing & Residential Home
Ltd

The Hollies Nursing & Residential Home
Ltd (Registered number: 01499545)






Contents of the Financial Statements
for the year ended 30 April 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Hollies Nursing & Residential Home
Ltd

Company Information
for the year ended 30 April 2022







DIRECTORS: K S Holden
Mrs M Holden
Mrs C L Milligan
C Holden





SECRETARY: K S Holden





REGISTERED OFFICE: The Grange
Church Street
Clayton le Moors
Accington
Lancashire
BB5 5HT





BUSINESS ADDRESS: Grange Healthcare
Unit 9 & 10, Holmes Mill
Greenacre Street
Clitheroe
Lancashire
BB7 1EB





REGISTERED NUMBER: 01499545 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

The Hollies Nursing & Residential Home
Ltd (Registered number: 01499545)

Abridged Balance Sheet
30 April 2022

30/4/22 30/4/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,046,895 1,055,406
Investments 6 100 100
1,046,995 1,055,506

CURRENT ASSETS
Stocks 1,800 1,800
Debtors 67,829 105,257
Cash at bank and in hand 53,889 123,865
123,518 230,922
CREDITORS
Amounts falling due within one year 301,032 132,004
NET CURRENT (LIABILITIES)/ASSETS (177,514 ) 98,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

869,481

1,154,424

CREDITORS
Amounts falling due after more than one
year

7

(257,406

)

(323,454

)

PROVISIONS FOR LIABILITIES (7,975 ) (8,172 )
NET ASSETS 604,100 822,798

CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Revaluation reserve 10 140,310 140,310
Retained earnings 443,790 662,488
SHAREHOLDERS' FUNDS 604,100 822,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The Hollies Nursing & Residential Home
Ltd (Registered number: 01499545)

Abridged Balance Sheet - continued
30 April 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 September 2022 and were signed on its behalf by:





Mrs C L Milligan - Director


The Hollies Nursing & Residential Home
Ltd (Registered number: 01499545)

Notes to the Financial Statements
for the year ended 30 April 2022

1. STATUTORY INFORMATION

The Hollies Nursing & Residential Home Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis. The company has net current liabilities in the current and previous financial year. The company is reliant on the continued financial support of the bank, its subsidiary and its directors by way of loans. The directors are of the opinion that trading performance will improve over the next financial year and that the relevant support will be maintained. No adjustments have been made that may have been found necessary if any other basis of preparation had been used.

Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

The income is recognised at the point of delivery of the goods and services. The company provides nursing and residential care to the private sector and via local authority funding. The income is recognised in line with the period over which the services are provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.


The Hollies Nursing & Residential Home
Ltd (Registered number: 01499545)

Notes to the Financial Statements - continued
for the year ended 30 April 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2021 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2021
and 30 April 2022 14,330
AMORTISATION
At 1 May 2021
and 30 April 2022 14,330
NET BOOK VALUE

At 30 April 2022 -
At 30 April 2021 -

The Hollies Nursing & Residential Home
Ltd (Registered number: 01499545)

Notes to the Financial Statements - continued
for the year ended 30 April 2022

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2021 1,478,867
Additions 16,787
At 30 April 2022 1,495,654
DEPRECIATION
At 1 May 2021 423,461
Charge for year 25,298
At 30 April 2022 448,759
NET BOOK VALUE
At 30 April 2022 1,046,895
At 30 April 2021 1,055,406

Cost or valuation at 30 April 2022 is represented by:

Totals
£   
Valuation in 2012 140,310
Cost 1,355,344
1,495,654

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30/4/22 30/4/21
£    £   
Cost 919,690 919,690
Aggregate depreciation 44,144 44,144

Value of land in freehold land and buildings 367,876 367,876

Freehold land and buildings were valued on an open market basis on 5 January 2012 by Christies & Co .

The Hollies Nursing & Residential Home
Ltd (Registered number: 01499545)

Notes to the Financial Statements - continued
for the year ended 30 April 2022

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2021
and 30 April 2022 100
NET BOOK VALUE
At 30 April 2022 100
At 30 April 2021 100

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30/4/22 30/4/21
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 36,454

8. SECURED DEBTS

The following secured debts are included within creditors:

30/4/22 30/4/21
£    £   
Bank loans 323,510 385,854

Group bank and other loan funding is secured by fixed and floating charges over the assets both tangible and intangible, present and future, of the company.

The hire purchase finance is secured upon the associated asset.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30/4/22 30/4/21
value: £    £   
20,000 Ordinary £1.00 20,000 20,000

10. RESERVES
Revaluation
reserve
£   
At 1 May 2021
and 30 April 2022 140,310