IRIS Accounts Production v24.2.0.383 02885743 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028857432022-12-31028857432023-12-31028857432023-01-012023-12-31028857432021-12-31028857432022-01-012022-12-31028857432022-12-3102885743ns15:EnglandWales2023-01-012023-12-3102885743ns14:PoundSterling2023-01-012023-12-3102885743ns10:Director12023-01-012023-12-3102885743ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102885743ns10:SmallEntities2023-01-012023-12-3102885743ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102885743ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102885743ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102885743ns10:FullAccounts2023-01-012023-12-3102885743ns10:OrdinaryShareClass12023-01-012023-12-3102885743ns10:Director22023-01-012023-12-3102885743ns10:RegisteredOffice2023-01-012023-12-3102885743ns5:CurrentFinancialInstruments2023-12-3102885743ns5:CurrentFinancialInstruments2022-12-3102885743ns5:ShareCapital2023-12-3102885743ns5:ShareCapital2022-12-3102885743ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3102885743ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3102885743ns5:RetainedEarningsAccumulatedLosses2023-12-3102885743ns5:RetainedEarningsAccumulatedLosses2022-12-3102885743ns5:FurnitureFittings2022-12-3102885743ns5:ComputerEquipment2022-12-3102885743ns5:FurnitureFittings2023-01-012023-12-3102885743ns5:ComputerEquipment2023-01-012023-12-3102885743ns5:FurnitureFittings2023-12-3102885743ns5:ComputerEquipment2023-12-3102885743ns5:FurnitureFittings2022-12-3102885743ns5:ComputerEquipment2022-12-3102885743ns5:CostValuation2022-12-3102885743ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3102885743ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3102885743ns10:OrdinaryShareClass12023-12-3102885743ns5:RetainedEarningsAccumulatedLosses2022-12-3102885743ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3102885743ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 02885743 (England and Wales)













HOLLYBUSH PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






HOLLYBUSH PROPERTIES LIMITED (REGISTERED NUMBER: 02885743)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HOLLYBUSH PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs S M Case
Mr C J Case





REGISTERED OFFICE: 3&4 Park Place
Cardiff
United Kingdom
CF10 3DP





REGISTERED NUMBER: 02885743 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

HOLLYBUSH PROPERTIES LIMITED (REGISTERED NUMBER: 02885743)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,139 67,185
Investments 5 104 104
Investment property 6 7,735,241 7,695,254
7,777,484 7,762,543

CURRENT ASSETS
Debtors 7 371,316 122,168
Cash at bank and in hand 2,039,488 2,328,100
2,410,804 2,450,268
CREDITORS
Amounts falling due within one year 8 261,707 274,599
NET CURRENT ASSETS 2,149,097 2,175,669
TOTAL ASSETS LESS CURRENT LIABILITIES 9,926,581 9,938,212

PROVISIONS FOR LIABILITIES 449,577 454,597
NET ASSETS 9,477,004 9,483,615

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 1,318,008 1,318,008
Retained earnings 10 8,158,896 8,165,507
SHAREHOLDERS' FUNDS 9,477,004 9,483,615

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2024 and were signed on its behalf by:



Mrs S M Case - Director


HOLLYBUSH PROPERTIES LIMITED (REGISTERED NUMBER: 02885743)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Hollybush 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.

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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 173,515 11,409 184,924
Additions 1,710 1,204 2,914
At 31st December 2023 175,225 12,613 187,838
DEPRECIATION
At 1st January 2023 109,283 8,456 117,739
Charge for year 26,668 1,292 27,960
At 31st December 2023 135,951 9,748 145,699
NET BOOK VALUE
At 31st December 2023 39,274 2,865 42,139
At 31st December 2022 64,232 2,953 67,185

HOLLYBUSH PROPERTIES LIMITED (REGISTERED NUMBER: 02885743)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 104
NET BOOK VALUE
At 31st December 2023 104
At 31st December 2022 104

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 7,695,254
Additions 39,987
At 31st December 2023 7,735,241
NET BOOK VALUE
At 31st December 2023 7,735,241
At 31st December 2022 7,695,254

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2021 1,073,160
Valuation in 2019 276,636
Valuation in 2016 50,000
Valuation in 2015 357,548
Cost 5,977,897
7,735,241

Investment property comprises a number of commercial properties. The fair value of the investment properties has been arrived at on the basis of a valuation carried out on each property by Chris John & Partners, who are not connected with the company at 31 December 2016. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. The directors have reviewed fair values in the current period and have revised the fair values accordingly.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 61,238 32,897
Other debtors 310,078 89,271
371,316 122,168

HOLLYBUSH PROPERTIES LIMITED (REGISTERED NUMBER: 02885743)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,032 21,090
Amounts owed to group undertakings 92,748 92,748
Taxation and social security 73,227 44,034
Other creditors 85,700 116,727
261,707 274,599

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st January 2023 8,165,507 1,318,008 9,483,515
Profit for the year 158,536 158,536
Dividends (165,147 ) (165,147 )
At 31st December 2023 8,158,896 1,318,008 9,476,904

11. RELATED PARTY DISCLOSURES

The advances made to the director during the year will be repaid in full within 9 months of the year-end date.