| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 September 2024 |
| for |
| Hollybrook (19 QE Street) Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 6 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| Balance at 30 September 2024 |
| 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: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 October 2023 |
| Profit for the year |
| At 30 September 2024 |
| 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. |