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REGISTERED NUMBER: 07275716 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Hollis Morgan Property Limited

Hollis Morgan Property Limited (Registered number: 07275716)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hollis Morgan Property Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr R D Hollis
Mr D O Hollis
Mr A P Morgan
Mr C J Melhuish





SECRETARY: Mr R D Hollis





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG





REGISTERED NUMBER: 07275716 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Hollis Morgan Property Limited (Registered number: 07275716)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,591 55,365

CURRENT ASSETS
Debtors 5 61,657 107,017
Cash at bank 811,025 893,029
872,682 1,000,046
CREDITORS
Amounts falling due within one year 6 538,928 764,029
NET CURRENT ASSETS 333,754 236,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,345

291,382

PROVISIONS FOR LIABILITIES 7 1,680 1,851
NET ASSETS 385,665 289,531

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 384,665 288,531
SHAREHOLDERS' FUNDS 385,665 289,531

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:




Mr D O Hollis - Director



Mr R D Hollis - Director


Hollis Morgan Property Limited (Registered number: 07275716)

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

1. STATUTORY INFORMATION

Hollis Morgan Property 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.

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.
Short leasehold - over the term of the lease
Fixtures and fittings - 33.33% on straight line basis
Computer equipment - 33.33% on straight line basis

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

Hollis Morgan Property Limited (Registered number: 07275716)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 68,982 66,053 27,530 162,565
Additions - - 3,867 3,867
At 30 June 2024 68,982 66,053 31,397 166,432
DEPRECIATION
At 1 July 2023 21,266 60,410 25,524 107,200
Charge for year 1,044 2,103 2,494 5,641
At 30 June 2024 22,310 62,513 28,018 112,841
NET BOOK VALUE
At 30 June 2024 46,672 3,540 3,379 53,591
At 30 June 2023 47,716 5,643 2,006 55,365

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,965 102,957
Prepayments 8,692 4,060
61,657 107,017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 25,458 25,211
Taxation 121,038 69,620
Social security and other taxes 83,908 68,338
Other creditors 95,142 386,920
Directors' loan accounts 205,902 206,263
Accrued expenses 7,480 7,677
538,928 764,029

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,680 1,851

Deferred
tax
£   
Balance at 1 July 2023 1,851
Credit to Income Statement during year (171 )
Balance at 30 June 2024 1,680

Hollis Morgan Property Limited (Registered number: 07275716)

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

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Share capital 1 1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 July 2023 288,531
Profit for the year 346,134
Dividends (250,000 )
At 30 June 2024 384,665

10. RELATED PARTY DISCLOSURES

During the year the company paid £20,000 (2023:£20,000) for management services to a director and shareholder of the company.