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Company Registration No. 02167643 (England and Wales)
Hollybush House Ltd Unaudited accounts for the year ended 30 September 2024
Hollybush House Ltd Unaudited accounts Contents
Page
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Hollybush House Ltd Company Information for the year ended 30 September 2024
Directors
Kelvin John Craddock Ronald John Craddock James Richard Wedge
Secretary
Ronald John Craddock
Company Number
02167643 (England and Wales)
Registered Office
25/27 Dugdale Street Nuneaton Warwickshire CV11 5QJ UK
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Hollybush House Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
880 
1,036 
Investment property
1,886,444 
2,350,000 
1,887,324 
2,351,036 
Current assets
Inventories
1,060,086 
440,951 
Debtors
2,572,018 
164,324 
Cash at bank and in hand
175,496 
2,504,369 
3,807,600 
3,109,644 
Creditors: amounts falling due within one year
283,446 
(197,085)
Net current assets
4,091,046 
2,912,559 
Total assets less current liabilities
5,978,370 
5,263,595 
Provisions for liabilities
Other provisions
- 
(12,414)
Net assets
5,978,370 
5,251,181 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
5,978,368 
5,251,179 
Shareholders' funds
5,978,370 
5,251,181 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Ronald John Craddock Director Company Registration No. 02167643
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Hollybush House Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Hollybush House Ltd is a private company, limited by shares, registered in England and Wales, registration number 02167643. The registered office is 25/27 Dugdale Street, Nuneaton, Warwickshire, CV11 5QJ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Hollybush House Ltd Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2023
6,462 
At 30 September 2024
6,462 
Depreciation
At 1 October 2023
5,426 
Charge for the year
156 
At 30 September 2024
5,582 
Net book value
At 30 September 2024
880 
At 30 September 2023
1,036 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
2,350,000 
Disposals
(1,150,000)
Net gain from fair value adjustments
686,444 
At 30 September 2024
1,886,444 
The directors revalue the properties periodically and believe the carrying value at the year end was correct. During the year the company sold one property which had been revalued and £686,444 was released from the revaluation reserve. During the previous year the directors revalued the property to include a fair value adjustment of £350,000.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,868 
- 
Accrued income and prepayments
2,229 
- 
Other debtors
2,558,921 
164,324 
2,572,018 
164,324 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
5,290 
Taxes and social security
208,456 
76,070 
Other creditors
123,836 
115,725 
Loans from directors
(618,728)
- 
Accruals
2,990 
- 
(283,446)
197,085 
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Hollybush House Ltd Notes to the Accounts for the year ended 30 September 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kelvin John Craddock
Loan owed by director
- 
618,728 
- 
618,728 
Ronald John Craddock
Loan owed by director
9,689 
- 
9,689 
- 
9,689 
618,728 
9,689 
618,728 
10
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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