IRIS Accounts Production v24.1.0.578 05516884 director 1.8.22 31.7.23 31.7.23 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055168842022-07-31055168842023-07-31055168842022-08-012023-07-31055168842021-07-31055168842021-08-012022-07-31055168842022-07-3105516884ns15:EnglandWales2022-08-012023-07-3105516884ns14:PoundSterling2022-08-012023-07-3105516884ns10:Director12022-08-012023-07-3105516884ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105516884ns10:SmallEntities2022-08-012023-07-3105516884ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105516884ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105516884ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105516884ns10:FullAccounts2022-08-012023-07-3105516884ns10:OrdinaryShareClass12022-08-012023-07-3105516884ns10:RegisteredOffice2022-08-012023-07-3105516884ns5:CurrentFinancialInstruments2023-07-3105516884ns5:CurrentFinancialInstruments2022-07-3105516884ns5:Non-currentFinancialInstruments2023-07-3105516884ns5:Non-currentFinancialInstruments2022-07-3105516884ns5:ShareCapital2023-07-3105516884ns5:ShareCapital2022-07-3105516884ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3105516884ns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-3105516884ns5:RetainedEarningsAccumulatedLosses2023-07-3105516884ns5:RetainedEarningsAccumulatedLosses2022-07-3105516884ns5:PlantMachinery2022-08-012023-07-3105516884ns5:ComputerEquipment2022-07-3105516884ns5:ComputerEquipment2023-07-3105516884ns5:ComputerEquipment2022-07-3105516884ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105516884ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3105516884ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3105516884ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3105516884ns5:Secured2023-07-3105516884ns5:Secured2022-07-3105516884ns10:OrdinaryShareClass12023-07-3105516884ns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-31
REGISTERED NUMBER: 05516884 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

HOLLYHOCK PROPERTIES LIMITED

HOLLYHOCK PROPERTIES LIMITED (REGISTERED NUMBER: 05516884)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HOLLYHOCK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr S J Wilkes





REGISTERED OFFICE: 14 Vicarage Lane
Kings Bromley
Staffordshire
DE13 7HY





REGISTERED NUMBER: 05516884 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

HOLLYHOCK PROPERTIES LIMITED (REGISTERED NUMBER: 05516884)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 - -
Investment property 6 190,000 177,000
190,000 177,000

Current assets
Debtors 7 58 58
Cash at bank 3,133 6,553
3,191 6,611
Creditors
Amounts falling due within one year 8 32,990 25,816
Net current liabilities (29,799 ) (19,205 )
Total assets less current liabilities 160,201 157,795

Creditors
Amounts falling due after more than one
year

9

(119,000

)

(119,000

)

Provisions for liabilities (9,500 ) (7,030 )
Net assets 31,701 31,765

Capital and reserves
Called up share capital 11 2 2
Non distributable reserve 12 40,500 29,970
Retained earnings (8,801 ) 1,793
Shareholders' funds 31,701 31,765

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 director acknowledges his 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.

HOLLYHOCK PROPERTIES LIMITED (REGISTERED NUMBER: 05516884)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 22 April 2024 and were signed by:





Mr S J Wilkes - Director


HOLLYHOCK PROPERTIES LIMITED (REGISTERED NUMBER: 05516884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Hollyhock Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

HOLLYHOCK PROPERTIES LIMITED (REGISTERED NUMBER: 05516884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 3,866
DEPRECIATION
At 1 August 2022
and 31 July 2023 3,866
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 177,000
Revaluations 13,000
At 31 July 2023 190,000
NET BOOK VALUE
At 31 July 2023 190,000
At 31 July 2022 177,000

The property owned by the company, 7 Burwaye Close, Lichfield is held for the purposes of renting for the foreseeable future. The property is valued in the balance sheet at a value assessed by the director. The director believes that this reflects it's current fair value and no formal professional valuation has been undertaken in the year.

The increase in fair value of £13,000 during the year has been credited to the profit and loss account. A deferred tax liability of £2,470 associated with the revaluation has been recognised in the accounts. The net effect of the fair value adjustment of £10,530 has been credited to a separate non-distributable reserve account.

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2016 20,000
Valuation in 2019 5,000
Valuation in 2020 10,000
Valuation in 2022 2,000
Valuation in 2023 13,000
Cost 140,000
190,000

HOLLYHOCK PROPERTIES LIMITED (REGISTERED NUMBER: 05516884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 58 58

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 261 261
Other creditors 32,729 25,555
32,990 25,816

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 119,000 119,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 119,000 119,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 119,000 119,000

The loan of £119,000 is secured by way of a legal charge over the investment property owned by the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

HOLLYHOCK PROPERTIES LIMITED (REGISTERED NUMBER: 05516884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


12. RESERVES
Non
distributable
reserve
£   
At 1 August 2022 29,970
Fair value adjustment 10,530

At 31 July 2023 40,500

13. RELATED PARTY DISCLOSURES

At the year end the company owed the director £31,919 (2022: £24,805). This loan is interest free and repayable on demand.