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
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
Hollybush House Ltd
Statement of financial position
as at 30 September 2024
Investment property
1,886,444
2,350,000
Inventories
1,060,086
440,951
Cash at bank and in hand
175,496
2,504,369
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
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
Hollybush House Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
Hollybush House Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
At 30 September 2024
6,462
At 30 September 2024
5,582
At 30 September 2023
1,036
Fair value at 1 October 2023
2,350,000
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.
Amounts falling due within one year
Accrued income and prepayments
2,229
-
Other debtors
2,558,921
164,324
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
208,456
76,070
Other creditors
123,836
115,725
Loans from directors
(618,728)
-
Hollybush House Ltd
Notes to the Accounts
for the year ended 30 September 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan owed by director
-
618,728
-
618,728
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).