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REGISTERED NUMBER: 02807321 (England and Wales)















HOLLYWOOD REST HOME LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2023






HOLLYWOOD REST HOME LIMITED (REGISTERED NUMBER: 02807321)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLLYWOOD REST HOME LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: I S Sall
R S Sall
Mrs H Sall





SECRETARY: R S Sall





REGISTERED OFFICE: 791 Chester Road
Erdington
Birmingham
B24 0BX





REGISTERED NUMBER: 02807321 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

HOLLYWOOD REST HOME LIMITED (REGISTERED NUMBER: 02807321)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,193,393 1,100,105

CURRENT ASSETS
Debtors 5 1,620,268 1,579,858

CREDITORS
Amounts falling due within one year 6 512,149 407,738
NET CURRENT ASSETS 1,108,119 1,172,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,301,512

2,272,225

CREDITORS
Amounts falling due after more than one
year

7

(1,340,393

)

(1,431,915

)

PROVISIONS FOR LIABILITIES (35,204 ) (32,161 )
NET ASSETS 925,915 808,149

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 924,915 807,149
SHAREHOLDERS' FUNDS 925,915 808,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

HOLLYWOOD REST HOME LIMITED (REGISTERED NUMBER: 02807321)

Balance Sheet - continued
31 July 2023


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

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 20 November 2023 and were signed on its behalf by:





I S Sall - Director


HOLLYWOOD REST HOME LIMITED (REGISTERED NUMBER: 02807321)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Hollywood Rest Home Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 or revalued amount
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 10% on cost

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.

HOLLYWOOD REST HOME LIMITED (REGISTERED NUMBER: 02807321)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 1,024,143 111,366 21,532 110,855 1,267,896
Additions 83,004 - 28,614 - 111,618
At 31 July 2023 1,107,147 111,366 50,146 110,855 1,379,514
DEPRECIATION
At 1 August 2022 63,175 98,465 1,776 4,375 167,791
Charge for year - 1,290 3,918 13,122 18,330
At 31 July 2023 63,175 99,755 5,694 17,497 186,121
NET BOOK VALUE
At 31 July 2023 1,043,972 11,611 44,452 93,358 1,193,393
At 31 July 2022 960,968 12,901 19,756 106,480 1,100,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 80,995 20,563
Amounts owed by group undertakings 1,538,973 1,538,973
Other debtors 300 300
Prepayments - 20,022
1,620,268 1,579,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 126,615 95,890
Hire purchase contracts 14,592 14,592
Trade creditors 30,387 22,649
Tax 1,355 -
Social security and other taxes 311,381 193,601
Other creditors 21,619 68,106
Accrued expenses 6,200 12,900
512,149 407,738

HOLLYWOOD REST HOME LIMITED (REGISTERED NUMBER: 02807321)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans and overdrafts 78,380 78,380
Bank loans - 2-5 years 235,141 235,141
Bank loans more 5 yr by instal 960,697 1,037,627
Hire purchase contracts 66,175 80,767
1,340,393 1,431,915

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 960,697 1,037,627

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,352,598 1,429,528
Hire purchase contracts 80,767 95,359
1,433,365 1,524,887

The bank loan is secured by a debenture and a first charge on the company's freehold property.

Hire purchase liabilities are secured on the assets to which the finance relates.