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REGISTERED NUMBER: 07690057 (England and Wales)















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: R R Dhamecha
A K S Dhamecha





REGISTERED OFFICE: 5 Churchill Court
58 Station Road
North Harrow
Harrow
HA2 7SA





REGISTERED NUMBER: 07690057 (England and Wales)

Hollybank House (Derby) Ltd (Registered number: 07690057)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,393,725 1,371,137

CURRENT ASSETS
Debtors 5 914,327 818,644
Cash at bank and in hand 216,960 224,026
1,131,287 1,042,670
CREDITORS
Amounts falling due within one year 6 424,129 327,670
NET CURRENT ASSETS 707,158 715,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,100,883

2,086,137

PROVISIONS FOR LIABILITIES 13,445 2,037
NET ASSETS 2,087,438 2,084,100

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 2,087,436 2,084,098
SHAREHOLDERS' FUNDS 2,087,438 2,084,100

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 2 December 2024 and were signed on its behalf by:





R R Dhamecha - Director


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 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.

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 property2% straight line
Land0%
Plant and machinery10% 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 51 (2023 - 48 ) .

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 1,455,861 37,903 1,493,764
Additions 7,965 44,285 52,250
At 31 July 2024 1,463,826 82,188 1,546,014
DEPRECIATION
At 1 August 2023 116,469 6,158 122,627
Charge for year 23,217 6,445 29,662
At 31 July 2024 139,686 12,603 152,289
NET BOOK VALUE
At 31 July 2024 1,324,140 69,585 1,393,725
At 31 July 2023 1,339,392 31,745 1,371,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,812 24,722
Amounts owed by group undertakings 778,068 778,500
Other debtors 54,447 15,422
914,327 818,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,075 12,968
Taxation and social security 65,572 135,476
Other creditors 325,482 179,226
424,129 327,670

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 6,408 6,408
Between one and five years 8,010 14,418
14,418 20,826

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: £    £   
2 Ordinary shares 1 2 2

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Botham (Senior Statutory Auditor)
for and on behalf of Botham Accounting Limited

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.