REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 July 2024 |
for |
Hollybank House (Derby) Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 July 2024 |
for |
Hollybank House (Derby) Ltd |
Hollybank House (Derby) Ltd (Registered number: 07690057) |
Contents of the Financial Statements |
for the Year Ended 31 July 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Hollybank House (Derby) Ltd |
Company Information |
for the Year Ended 31 July 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Hollybank House (Derby) Ltd (Registered number: 07690057) |
Balance Sheet |
31 July 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Hollybank House (Derby) Ltd (Registered number: 07690057) |
Notes to the Financial Statements |
for the Year Ended 31 July 2024 |
1. | STATUTORY INFORMATION |
Hollybank House (Derby) Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in sterling, which is the functional currency of the entity. |
Monetary amounts in these financial statements are rounded to the nearest £. |
Turnover |
The turnover shown in the profit and loss account represents residents' fees earned during the year. |
Tangible fixed assets |
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. |
Depreciation is recognised as to write off the cost of assets less their residual values over their useful lives on the following bases: |
Freehold property | 2% straight line |
Land | 0% |
Plant and machinery | 10% straight line, 33% straight line |
The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss. |
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. |
Government grants |
Government and local authority revenue-based grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the group will comply with the conditions attached to them and the grants will be received. |
Government grants are recognised using the accrual model. |
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. |
Employee and retirement benefits |
The costs of short-term employee benefits are recognised as a liability and an expense. |
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Hollybank House (Derby) Ltd (Registered number: 07690057) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 August 2023 |
Additions |
At 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for year |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
Hollybank House (Derby) Ltd (Registered number: 07690057) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2024 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary shares | 1 | 2 | 2 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES |
The company is part of a cross group guarantee securing the borrowings of a group entity of £6,149,714 (2023 - £6,363,301) which consists of a fixed and floating charge over all of the property and assets of the company. |
11. | PARENT COMPANY |
The immediate and ultimate parent company is Only Care Limited whose registered office address is 5 Churchill Court, 58 Station Road, North Harrow, HA2 7SA. The group financial statements can be obtained from Companies House. |