REGISTERED NUMBER: 02885743 (England and Wales)

HOLLYBUSH PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S M Case

Mr C J Case

REGISTERED OFFICE:

3&4 Park Place

Cardiff

United Kingdom

CF10 3DP

REGISTERED NUMBER:

02885743 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

30,910

42,139

Investments

5

104

104

Investment property

6

8,622,878

7,735,241

8,653,892

7,777,484

CURRENT ASSETS

Debtors

7

135,078

371,316

Cash at bank and in hand

1,488,252

2,039,488

1,623,330

2,410,804

CREDITORS

Amounts falling due within one year

8

343,412

261,707

NET CURRENT ASSETS

1,279,918

2,149,097

TOTAL ASSETS LESS CURRENT LIABILITIES

9,933,810

9,926,581

PROVISIONS FOR LIABILITIES

446,830

449,577

NET ASSETS

9,486,980

9,477,004

CAPITAL AND RESERVES

Called up share capital

9

200

100

Fair value reserve

10

1,318,008

1,318,008

Retained earnings

10

8,168,772

8,158,896

SHAREHOLDERS' FUNDS

9,486,980

9,477,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th September 2025 and were signed on its behalf by:

Mrs S M Case - Director

1.	STATUTORY INFORMATION

Hollybush Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st January 2024

175,225

12,613

187,838

Additions

-

2,100

2,100

At 31st December 2024

175,225

14,713

189,938

DEPRECIATION

At 1st January 2024

135,951

9,748

145,699

Charge for year

12,206

1,123

13,329

At 31st December 2024

148,157

10,871

159,028

NET BOOK VALUE

At 31st December 2024

27,068

3,842

30,910

At 31st December 2023

39,274

2,865

42,139

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

104

NET BOOK VALUE

At 31st December 2024

104

At 31st December 2023

104

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

7,735,241

Additions

887,637

At 31st December 2024

8,622,878

NET BOOK VALUE

At 31st December 2024

8,622,878

At 31st December 2023

7,735,241

Fair value at 31st December 2024 is represented by:

£

Valuation in 2021

1,073,160

Valuation in 2019

276,636

Valuation in 2016

50,000

Valuation in 2015

357,548

Cost

6,865,534

8,622,878

Investment property comprises a number of commercial properties. The fair value of the investment properties has been arrived at on the basis of a valuation carried out on each property by Chris John & Partners, who are not connected with the company at 31 December 2016. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. The directors have reviewed fair values in the current period and have revised the fair values accordingly.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

97,965

61,238

Other debtors

37,113

310,078

135,078

371,316

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

8,123

10,032

Amounts owed to group undertakings

92,748

92,748

Taxation and social security

105,103

73,227

Other creditors

137,438

85,700

343,412

261,707

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

100

B Ordinary

£1

100

-

200

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st January 2024

8,158,896

1,318,008

9,476,904

Profit for the year

254,916

254,916

Dividends

(245,040

)

(245,040

)

At 31st December 2024

8,168,772

1,318,008

9,486,780