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Registered number: SC516416










HOLLYMOY PROPERTY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
HOLLYMOY PROPERTY LIMITED
 

COMPANY INFORMATION


Director
Alan Florence 




Registered number
SC516416



Registered office
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
HOLLYMOY PROPERTY LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HOLLYMOY PROPERTY LIMITED
FOR THE YEAR ENDED 30 NOVEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hollymoy Property Limited for the year ended 30 November 2023 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Hollymoy Property Limited in accordance with the terms of our engagement letter dated 16 May 2018Our work has been undertaken solely to prepare for your approval the financial statements of Hollymoy Property Limited and state those matters that we have agreed to state to the director of Hollymoy Property Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hollymoy Property Limited and its director for our work or for this report. 

It is your duty to ensure that Hollymoy Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hollymoy Property Limited. You consider that Hollymoy Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Hollymoy Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



EQ Accountants Limited
 
Chartered Accountants
  
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
7 March 2024
Page 1

 
HOLLYMOY PROPERTY LIMITED
REGISTERED NUMBER: SC516416

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

CURRENT ASSETS
  

Stocks
 3 
23,088
23,088

Cash at bank and in hand
  
2,980
3,904

  
26,068
26,992

Creditors: amounts falling due within one year
 4 
(49,892)
(49,892)

NET CURRENT LIABILITIES
  
 
 
(23,824)
 
 
(22,900)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(23,824)
(22,900)

  

NET LIABILITIES
  
(23,824)
(22,900)


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
(23,924)
(23,000)

  
(23,824)
(22,900)


For the year ended 30 November 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 March 2024.




Alan Florence
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
HOLLYMOY PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


GENERAL INFORMATION

The company is limited by shares and incorporated in Scotland. The address of the registered office is Westby, 64 West High Street, Forfar, DD8 1BJ.  The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

GOING CONCERN

The accounts have been prepared on the going concern basis. The company has net liabilities and is dependend on the continuing support of the director. It is envisaged that this support will continue for the forseeable future.

 
2.3

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


STOCKS

2023
2022
£
£

Work in progress (goods to be sold)
23,088
23,088

23,088
23,088


Page 3

 
HOLLYMOY PROPERTY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Amounts owed to group undertakings
49,352
49,352

Accruals and deferred income
540
540

49,892
49,892



Page 4