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REGISTERED NUMBER: 01131582 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Hollybourne Developments Limited

Hollybourne Developments Limited (Registered number: 01131582)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hollybourne Developments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A R Bailey





SECRETARY: M J Tollow





REGISTERED OFFICE: Pemberley Alton House Hotel
Normandy Strret
Alton
Hampshire
GU34 1DW





REGISTERED NUMBER: 01131582 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

Hollybourne Developments Limited (Registered number: 01131582)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,896,636 6,888,990

CURRENT ASSETS
Stocks - 17,114
Debtors 5 123,826 270,838
Cash at bank and in hand 1,451,166 1,490,539
1,574,992 1,778,491
CREDITORS
Amounts falling due within one year 6 5,304,553 5,417,811
NET CURRENT LIABILITIES (3,729,561 ) (3,639,320 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,167,075

3,249,670

CREDITORS
Amounts falling due after more than one
year

7

(448,059

)

(584,474

)

PROVISIONS FOR LIABILITIES (10,748 ) (8,836 )
NET ASSETS 2,708,268 2,656,360

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 9 2,704,268 2,652,360
SHAREHOLDERS' FUNDS 2,708,268 2,656,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Hollybourne Developments Limited (Registered number: 01131582)

Balance Sheet - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2024 and were signed by:





A R Bailey - Director


Hollybourne Developments Limited (Registered number: 01131582)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hollybourne Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of accommodation, the sale of food and beverage and property development.
Revenue from the sale of accommodation is recognised for each night as it takes place at the room rate for that night. Payments in advance for accommodation services not yet provided are treated as a contract liability and included in amounts of deferred income.
The sale of food and beverage is recognised as and when the items are provided to the customer at the price for the items purchased.
Turnover in relation to the property development is recognised based on the stage of completion of the build.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Freehold buildings represents three hotel buildings. It is management's intention to maintain the properties in a good state of repair such that the residual value should never significantly fall below cost, hence the depreciation rate is 0%.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Hollybourne Developments Limited (Registered number: 01131582)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 68 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 6,853,645 98,537 118,543 11,345 7,082,070
Additions - - - 19,320 19,320
Disposals - - - (1,950 ) (1,950 )
At 30 June 2024 6,853,645 98,537 118,543 28,715 7,099,440
DEPRECIATION
At 1 July 2023 - 76,564 106,353 10,163 193,080
Charge for year - 5,493 3,047 3,134 11,674
Eliminated on disposal - - - (1,950 ) (1,950 )
At 30 June 2024 - 82,057 109,400 11,347 202,804
NET BOOK VALUE
At 30 June 2024 6,853,645 16,480 9,143 17,368 6,896,636
At 30 June 2023 6,853,645 21,973 12,190 1,182 6,888,990

Hollybourne Developments Limited (Registered number: 01131582)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 754 14,882
Other debtors 123,072 255,956
123,826 270,838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 84,152 88,594
Taxation and social security 124,186 234,821
Other creditors 5,096,215 5,094,396
5,304,553 5,417,811

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 448,059 584,474

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Other Loans 660,880 789,985

"Other loans" as disclosed at note 11 and note 12 are advances from the Hollybourne Development Executive Pensions Scheme. The full amount of the outstanding loan is secured on the company's freehold premises known as the The Red Lion Hotel.

The company has an outstanding fixed charge on the premises know as Red Lion Hotel, registered on 28 November 2014, . The charge remains outstanding at the balance sheet date.This charge registered with HSBC for a bank overdraft facility. As of the reporting date, the overdraft facility is not in use.

9. RESERVES
Retained
earnings
£   

At 1 July 2023 2,652,360
Profit for the year 51,908
At 30 June 2024 2,704,268

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the director £4,708,881 (2023: £4,704,945).

Hollybourne Developments Limited (Registered number: 01131582)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RELATED PARTY DISCLOSURES

During the financial year, the company entered into a sales transaction with a related party, as defined under FRS 102 (Section 33). The transaction was conducted on normal commercial terms and conditions.

The related party transaction is detailed below:

Sales to Director:
During the year, the company made sales amounting to £306,000 to Anthony Bailey, a director of the company. The sales were made in the ordinary course of business, and no special terms or preferential pricing were applied.

The directors believe that the terms of this transaction were fair and reasonable and in the best interests of the company.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A R Bailey.