Registered number
13434930
The Hollies Propertiies Limited
Unaudited Filleted Accounts
30 June 2024
The Hollies Propertiies Limited
Registered number: 13434930
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 381,238 365,988
Current assets
Debtors 4 315 934
Cash at bank and in hand 1,826 5,814
2,141 6,748
Creditors: amounts falling due within one year 5 (202,347) (209,440)
Net current liabilities (200,206) (202,692)
Total assets less current liabilities 181,032 163,296
Creditors: amounts falling due after more than one year 6 (172,695) (176,616)
Net assets/(liabilities) 8,337 (13,320)
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,237 (13,420)
Shareholder's funds 8,337 (13,320)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Georgiou
Director
Approved by the board on 17 March 2025
The Hollies Propertiies Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the rents received or receivable, net of discounts and vat.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and investment property, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 381,238
At 30 June 2024 381,238
Depreciation
At 1 July 2023 15,250
Write back of depreciation (15,250)
At 30 June 2024 -
Net book value
At 30 June 2024 381,238
At 30 June 2023 365,988
4 Debtors 2024 2023
£ £
Trade debtors - 421
Other debtors 315 513
315 934
5 Creditors: amounts falling due within one year 2024 2023
£ £
Private Loan 110,000 110,000
Constantine Investments Limited 41,146 50,146
Bank loans and overdrafts 22,479 22,479
Taxation and social security costs 1,967 465
Other creditors 26,755 26,350
202,347 209,440
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 172,695 176,616
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 82,781 86,701
Secured bank loans 195,174 199,094
The bank loan is secured on the freehold property.
8 Controlling party
The ultimate controlling party of The Hollies Propertiies Limited is Ms P Georgiou.
9 Valuation of Investment Property
The directors carried out a review of the carrying value of the companys investment properties and consider that no change is required to the current valuation.
10 Other information
The Hollies Propertiies Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Hollies
Blind Lane
Tanworth in Arden
Solihull
B94 5HS
The Hollies Propertiies Limited 13434930 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 P Georgiou No description of principal activity 13434930 2022-07-01 2023-06-30 13434930 core:WithinOneYear 2023-06-30 13434930 core:AfterOneYear 2023-06-30 13434930 core:ShareCapital 2023-06-30 13434930 core:RetainedEarningsAccumulatedLosses 2023-06-30 13434930 2023-07-01 2024-06-30 13434930 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13434930 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13434930 bus:Director40 2023-07-01 2024-06-30 13434930 1 2023-07-01 2024-06-30 13434930 2 2023-07-01 2024-06-30 13434930 core:LandBuildings 2023-07-01 2024-06-30 13434930 countries:England 2023-07-01 2024-06-30 13434930 bus:FRS102 2023-07-01 2024-06-30 13434930 bus:FilletedAccounts 2023-07-01 2024-06-30 13434930 2024-06-30 13434930 core:WithinOneYear 2024-06-30 13434930 core:AfterOneYear 2024-06-30 13434930 core:ShareCapital 2024-06-30 13434930 core:RetainedEarningsAccumulatedLosses 2024-06-30 13434930 core:LandBuildings 2024-06-30 13434930 2023-06-30 13434930 core:LandBuildings 2023-06-30 iso4217:GBP xbrli:pure