REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2024 |
for |
Hollybrook (85-91 Lea Bridge Road) Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2024 |
for |
Hollybrook (85-91 Lea Bridge Road) Ltd |
Hollybrook (85-91 Lea Bridge Road) Ltd (Registered number: 14288078) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Hollybrook (85-91 Lea Bridge Road) Ltd |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Foresters Hall |
25/27 Westow Street |
Upper Norwood |
London |
SE19 3RY |
Hollybrook (85-91 Lea Bridge Road) Ltd (Registered number: 14288078) |
Abridged Balance Sheet |
31 March 2024 |
31/3/24 | 31/3/23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Retained earnings | 5 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Hollybrook (85-91 Lea Bridge Road) Ltd (Registered number: 14288078) |
Abridged Balance Sheet - continued |
31 March 2024 |
The financial statements were approved by the director and authorised for issue on |
Hollybrook (85-91 Lea Bridge Road) Ltd (Registered number: 14288078) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Hollybrook (85-91 Lea Bridge Road) Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company has reported a net loss of £10,176 for the year. At the Balance Sheet date the sum of the company's liabilities exceeded the sum of its assets by £35,275. The company's liabilities at the Balance Sheet date includes £31,007 owed to a corporate entity controlled by the company's director and £13,028 owed to the company's parent undertaking. The boards of both creditor companies have indicated that there is currently no intention to seek immediate repayment of these loans, a position that is likely to remain unchanged for the foreseeable future. The boards have also indicated a preparedness to make further advances to the company in future, if required, to fund its short- to medium-term operating activities. |
In light of the above the director considers that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like loans from banks and other third parties. |
Debt instruments which are payable or receivable within one year are measured at the undiscounted amount of cash consideration expected to be paid or received. |
Debt instruments which are payable or receivable after more than one year are initially measured at the fair value of the cash consideration and thereafter at amortised cost using the effective interest method. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Hollybrook (85-91 Lea Bridge Road) Ltd (Registered number: 14288078) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/24 | 31/3/23 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Attached to the shares are a right to vote in general meetings, a right to receive dividends if declared by the company and a right to participate in distributions of capital, including on winding up.The shares do not confer any right of redemption. |
5. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2023 | ( |
) |
Deficit for the year | ( |
) |
At 31 March 2024 | ( |
) |
6. | RELATED PARTY DISCLOSURES |
Creditors at the Balance Sheet date includes £31,007 owed to a corporate entity controlled by the company's director. |
7. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary undertaking of PMC Property Group Limited, incorporated in England. |