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REGISTERED NUMBER: 07415038 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Hollybrook Homes Limited

Hollybrook Homes Limited (Registered number: 07415038)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hollybrook Homes Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr D M Cox
Miss V A Cox





SECRETARY: Miss V A Cox





REGISTERED OFFICE: 19 Queen Elizabeth Street
London
SE1 2LP





REGISTERED NUMBER: 07415038 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Hollybrook Homes Limited (Registered number: 07415038)

Abridged Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £ £
FIXED ASSETS
Investment property 4 33,500,000 33,500,000

CURRENT ASSETS
Stocks 550,000 500,000
Debtors 5 18,330,231 20,249,391
Cash at bank and in hand 732,638 882,102
19,612,869 21,631,493
CREDITORS
Amounts falling due within one year (20,117,335 ) (21,714,258 )
NET CURRENT LIABILITIES (504,466 ) (82,765 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,995,534

33,417,235

CREDITORS
Amounts falling due after more than one
year

(1,473,129

)

(1,399,525

)

PROVISIONS FOR LIABILITIES 8 (6,970,880 ) (6,970,880 )
NET ASSETS 24,551,525 25,046,830

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 24,551,524 25,046,829
SHAREHOLDERS' FUNDS 24,551,525 25,046,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Hollybrook Homes Limited (Registered number: 07415038)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 June 2025 and were signed on its behalf by:





Miss V A Cox - Director


Hollybrook Homes Limited (Registered number: 07415038)

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

1. STATUTORY INFORMATION

Hollybrook Homes 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 as modified by the revaluation of certain assets.

The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of these financial statements requires the directors to note judgements and estimates that affect the reported amount of assets and liabilities at the balance sheet date and the reported profits for the financial year.

Accounting standards require the directors to state the carrying amount of the company's investment property at its open market value at the balance sheet date. Determining open market value involves making judgments about various factors which could determine the open market value of the property including current and future market trends. The price that the property may ultimately achieve in the unlikely event of a disposal in free market conditions may differ from the amount at which it is stated in these financial statements.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover for the year represents rents receivable net of value added tax.

Investment property
The company's freehold property is held for investment purposes to earn rentals and capital appreciation. Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Stocks
Stock, comprising property held for sale, is valued at the lower of cost and net realisable value. Cost includes all associated acquisition expenses.

Hollybrook Homes Limited (Registered number: 07415038)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like loans from banks and other third parties.

Debt instruments which are payable or receivable within one year are measured at the undiscounted amount of cash consideration expected to be paid or received.

Debt instruments which are payable or receivable after more than one year are initially measured at the fair value of the cash consideration and thereafter at amortised cost using the effective interest method.

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.

Borrowing costs
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

3. EMPLOYEES AND DIRECTORS

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

Hollybrook Homes Limited (Registered number: 07415038)

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

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2023
and 30 September 2024 33,500,000
NET BOOK VALUE
At 30 September 2024 33,500,000
At 30 September 2023 33,500,000

The company's freehold property was valued as at 31 March 2020 on a fair value basis by Colliers International Valuation UK LLP. The Directors do not consider that there was a material difference between the property's fair value as at 31 March 2020 and 30 September 2023.

Fair value at 30 September 2024 is represented by:
£
Valuation in 2016 9,642,235
Valuation in 2018 10,250,000
Valuation in 2020 7,500,000
Cost 6,107,765
33,500,000

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/9/24 30/9/23
£ £
Trade debtors 865,930 1,135,930
Other debtors 17,353,895 17,311,412
18,219,825 18,447,342

6. LOANS

An analysis of the maturity of loans is given below:

30/9/24 30/9/23
£ £
Amounts falling due within one year or on demand:
Bank loans 19,340,813 20,970,600

Hollybrook Homes Limited (Registered number: 07415038)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£ £
Bank loans 19,340,813 20,970,600

The company's bank borrowings are secured by a fixed charge over its investment property and by floating charges over the remainder of its assets. The company's parent undertaking, Hollybrook (UK) Ltd, has also provided a guarantee in relation to the company's bank borrowings.

8. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£ £
Deferred tax
Other timing differences 6,970,880 6,970,880

Deferred tax
£
Balance at 1 October 2023 6,970,880
Balance at 30 September 2024 6,970,880

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £ £
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£

At 1 October 2023 25,046,829
Deficit for the year (495,305 )
At 30 September 2024 24,551,524

11. ULTIMATE PARENT

Hollybrook Homes Limited is a wholly owned subsidiary undertaking of Hollybrook (UK) Limited, incorporated in England.