Registered number
09937208
Holloway Properties 2016 Limited
Filleted Accounts
31 March 2024
Holloway Properties 2016 Limited
Registered number: 09937208
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,661 10,661
Tangible assets 4 400,000 400,000
410,661 410,661
Current assets
Cash at bank and in hand 4,969 4,028
Creditors: amounts falling due within one year 5 (99,101) (102,783)
Net current liabilities (94,132) (98,755)
Total assets less current liabilities 316,529 311,906
Creditors: amounts falling due after more than one year 6 (289,902) (289,902)
Provisions for liabilities (3,800) (3,800)
Net assets 22,827 18,204
Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 16,200 16,200
Profit and loss account 6,625 2,002
Shareholders' funds 22,827 18,204
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ewart Holloway
Director
Approved by the board on 23 September 2024
Holloway Properties 2016 Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Acquisition costs
Cost
At 1 April 2023 10,661
At 31 March 2024 10,661
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 10,661
At 31 March 2023 10,661
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 400,000
At 31 March 2024 400,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 400,000
At 31 March 2023 400,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,541 440
Other creditors 97,560 102,343
99,101 102,783
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 289,902 289,902
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 289,902 289,902
Interest only mortgage
8 Revaluation reserve 2024 2023
£ £
At 1 April 2023 16,200 16,200
At 31 March 2024 16,200 16,200
9 Related party transactions
As at the balance sheet date the company owed the directors £97,560 (2023 £102,343)
10 Controlling party
The company is controlled by the directors
11 Other information
Holloway Properties 2016 Limited is a private company limited by shares and incorporated in England. Its registered office is:
East Farm Lodge
Main Road
Osmington
Dorset
DT3 6EX
Holloway Properties 2016 Limited 09937208 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mr Ewart Holloway No description of principal activity 09937208 2022-04-01 2023-03-31 09937208 core:WithinOneYear 2023-03-31 09937208 core:AfterOneYear 2023-03-31 09937208 core:ShareCapital 2023-03-31 09937208 core:OtherReservesSubtotal 2023-03-31 09937208 core:RetainedEarningsAccumulatedLosses 2023-03-31 09937208 core:RevaluationReserve 2022-03-31 09937208 2023-04-01 2024-03-31 09937208 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09937208 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09937208 bus:Director40 2023-04-01 2024-03-31 09937208 1 2023-04-01 2024-03-31 09937208 2 2023-04-01 2024-03-31 09937208 countries:England 2023-04-01 2024-03-31 09937208 bus:FRS102 2023-04-01 2024-03-31 09937208 bus:FilletedAccounts 2023-04-01 2024-03-31 09937208 2024-03-31 09937208 core:WithinOneYear 2024-03-31 09937208 core:AfterOneYear 2024-03-31 09937208 core:ShareCapital 2024-03-31 09937208 core:OtherReservesSubtotal 2024-03-31 09937208 core:RetainedEarningsAccumulatedLosses 2024-03-31 09937208 core:Goodwill 2024-03-31 09937208 core:LandBuildings 2024-03-31 09937208 core:RevaluationReserve 2024-03-31 09937208 2023-03-31 09937208 core:Goodwill 2023-03-31 09937208 core:LandBuildings 2023-03-31 09937208 core:RevaluationReserve 2023-03-31 iso4217:GBP xbrli:pure