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REGISTERED NUMBER: 09205549 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Hollybrook (19 QE Street) Limited

Hollybrook (19 QE Street) Limited (Registered number: 09205549)






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 (19 QE Street) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Miss V A Cox
Mr D M Cox





REGISTERED OFFICE: 19 Queen Flizabeth Street
London
SE1 2LP





REGISTERED NUMBER: 09205549 (England and Wales)





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

Hollybrook (19 QE Street) Limited (Registered number: 09205549)

Abridged Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £ £
FIXED ASSETS
Investment property 4 9,100,000 9,100,000

CURRENT ASSETS
Debtors 12,841 149,250
Cash at bank and in hand 315,694 185,151
328,535 334,401
CREDITORS
Amounts falling due within one year (181,684 ) (189,789 )
NET CURRENT ASSETS 146,851 144,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,246,851

9,244,612

CREDITORS
Amounts falling due after more than one
year

(4,377,761

)

(4,381,882

)

PROVISIONS FOR LIABILITIES 6 (469,776 ) (469,776 )
NET ASSETS 4,399,314 4,392,954

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 4,399,214 4,392,854
SHAREHOLDERS' FUNDS 4,399,314 4,392,954

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 (19 QE Street) Limited (Registered number: 09205549)

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 (19 QE Street) Limited (Registered number: 09205549)

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

1. STATUTORY INFORMATION

Hollybrook (19 QE Street) 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 re[ported profits for the financial year.

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

Valuation of Investment Property - the carrying value of this asset is based on the directors' best estimate of its open market value. In forming their view the directors have had regard to informal, independent professional opinion as well as their own understanding of the current commercial property market in that location.

Turnover
Turnover is attributable to rental income, net of value added tax, which is accounted for on an accruals basis.

Investment property
The company's leasehold property was initially measured at cost and has subsequently been carried at fair value with revaluation adjustments recognised in other comprehensive income.

Hollybrook (19 QE Street) Limited (Registered number: 09205549)

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 trade and other creditors and, 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 as incurred.

3. EMPLOYEES AND DIRECTORS

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

Hollybrook (19 QE Street) Limited (Registered number: 09205549)

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 9,100,000
NET BOOK VALUE
At 30 September 2024 9,100,000
At 30 September 2023 9,100,000

Fair value at 30 September 2024 is represented by:
£
Valuation in 2017 2,219,816
Valuation in 2020 100,000
Cost 6,780,184
9,100,000

The investment 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 2024.

5. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£ £
Amount owed to parent company - 3,344,338

The company's borrowings are secured by fixed charges over its investment property.

6. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£ £
Deferred tax
Other timing differences 469,776 469,776

Deferred tax
£
Balance at 1 October 2023 469,776
Balance at 30 September 2024 469,776

Hollybrook (19 QE Street) Limited (Registered number: 09205549)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £ £
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£

At 1 October 2023 4,392,854
Profit for the year 6,360
At 30 September 2024 4,399,214

9. RELATED PARTY DISCLOSURES

At the Balance Sheet date £1,167,724 was owed to Hollybroiok (UK) Ltd, the company's ultimate parent undertaking.

The company's investment property is leased to Hollybrook Ltd.

There exists a cross guarantee for the bank borrowings of Southview House Ltd and Hollybrook Finance Ltd.

Hollybrook Ltd and Hollybrook Finance Ltd, both incorporated in England, are wholly owned subsidiary undertakings Hollybrook (UK) Ltd incorporated in England. Southview House Ltd is a fellow whoilly owned subsidiary undertaking of Hollybrook Finance Ltd.

10. PARENT COMPANY

The company is a wholly owned subsidiary undertaking of Hollybrook Finance Ltd, incorporated in England.