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REGISTERED NUMBER: 07718238 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

HOLLY 1 LTD

HOLLY 1 LTD (REGISTERED NUMBER: 07718238)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOLLY 1 LTD

COMPANY INFORMATION
for the Year Ended 31ST JULY 2024







DIRECTORS: M D E Bayntun
H J Grainger





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SW11 4RN





REGISTERED NUMBER: 07718238 (England and Wales)





ACCOUNTANTS: Underwood Barron Associates Limited
13 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

HOLLY 1 LTD (REGISTERED NUMBER: 07718238)

BALANCE SHEET
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 4,475,000 4,566,000
4,475,000 4,566,000

CURRENT ASSETS
Debtors 6 1,197,964 1,252,702
Cash at bank 26,411 21,602
1,224,375 1,274,304
CREDITORS
Amounts falling due within one year 7 115,380 121,798
NET CURRENT ASSETS 1,108,995 1,152,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,583,995

5,718,506

CREDITORS
Amounts falling due after more than one
year

8

(2,347,718

)

(2,405,163

)

PROVISIONS FOR LIABILITIES (609,449 ) (632,199 )
NET ASSETS 2,626,828 2,681,144

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 1,827,965 1,896,215
Retained earnings 798,763 784,829
SHAREHOLDERS' FUNDS 2,626,828 2,681,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 9th April 2025 and were signed on its behalf by:



M D E Bayntun - Director


HOLLY 1 LTD (REGISTERED NUMBER: 07718238)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2024

1. STATUTORY INFORMATION

Holly 1 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income from the investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023
and 31st July 2024 23,907
DEPRECIATION
At 1st August 2023
and 31st July 2024 23,907
NET BOOK VALUE
At 31st July 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 4,566,000
Revaluations (91,000 )
At 31st July 2024 4,475,000
NET BOOK VALUE
At 31st July 2024 4,475,000
At 31st July 2023 4,566,000

HOLLY 1 LTD (REGISTERED NUMBER: 07718238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2015 1,435,503
Valuation in 2017 (129 )
Valuation in 2018 394,237
Valuation in 2019 46,565
Valuation in 2020 300,000
Valuation in 2021 253,434
Valuation in 2022 99,187
Valuation in 2024 (91,000 )
Cost 2,037,203
4,475,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 2,037,203 2,037,203
Aggregate depreciation (482,629 ) (441,749 )

Investment properties were valued on an open market basis basis on 31st July 2024 by the directors .

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 79 1,029
Amounts owed by associates 14,181 5,039
Other debtors 3,696 1,126
17,956 7,194

Amounts falling due after more than one year:
Amounts owed by associates 1,180,008 1,245,508

Aggregate amounts 1,197,964 1,252,702

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 37,688 41,883
Amounts owed to associates - 3,141
Taxation and social security 6,028 7,256
Other creditors 71,664 69,518
115,380 121,798

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 2,310,937 2,346,382
Amounts owed to associates - 15,300
Other creditors 36,781 43,481
2,347,718 2,405,163

HOLLY 1 LTD (REGISTERED NUMBER: 07718238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 2,160,185 2,178,849
Other loans more 5yrs instal 8,172 14,872
2,168,357 2,193,721

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 2,348,625 2,388,265

The loans are secured by charges on the company's investment properties.

10. RESERVES
Fair
value
reserve
£   
At 1st August 2023 1,896,215
Property revaluation (68,250 )

At 31st July 2024 1,827,965

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24 31.7.23
£    £   
M D E Bayntun
Balance outstanding at start of year 913 463
Amounts repaid 463 450
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,376 913