Holly House Care Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11481000

Holly House Care Limited

Filleted Unaudited Financial Statements

31 March 2025

Holly House Care Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,213,450	1,204,977

Current assets

Debtors	6	1,213,474	1,361,006
Cash at bank and in hand		38,732	50,758
		------------	------------
		1,252,206	1,411,764

Creditors: amounts falling due within one year	7	330,707		282,533
		------------		------------
Net current assets			921,499	1,129,231
			------------	------------
Total assets less current liabilities			2,134,949	2,334,208

Creditors: amounts falling due after more than one year	8		1,122,697	1,167,250

Provisions	81,254	83,653
	------------	------------
Net assets	930,998	1,083,305
	------------	------------

Capital and reserves

Called up share capital	99	99
Other reserves	564,102	672,127
Profit and loss account	366,797	411,079
	---------	------------
Shareholders funds	930,998	1,083,305
	---------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Holly House Care Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr A Vyas
Director

Company registration number: 11481000

Holly House Care Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.Revenue is recognised when fee income is received from residents.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment	-	15% straight line
Motor vehicles	-	25% straight line
Computer equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 43 (2024: 40 ).

5. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	1,075,529	186,414	–	11,809	1,273,752
Additions	4,000	18,700	19,300	1,563	43,563
	------------	---------	--------	--------	------------
At 31 March 2025	1,079,529	205,114	19,300	13,372	1,317,315
	------------	---------	--------	--------	------------
Depreciation
At 1 April 2024	–	66,808	–	1,967	68,775
Charge for the year	–	29,127	2,815	3,148	35,090
	------------	---------	--------	--------	------------
At 31 March 2025	–	95,935	2,815	5,115	103,865
	------------	---------	--------	--------	------------
Carrying amount
At 31 March 2025	1,079,529	109,179	16,485	8,257	1,213,450
	------------	---------	--------	--------	------------
At 31 March 2024	1,075,529	119,606	–	9,842	1,204,977
	------------	---------	--------	--------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	14,834	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,090,245	1,184,338
Other debtors	108,395	176,668
	------------	------------
	1,213,474	1,361,006
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	28,350	–
Trade creditors	1,285	13,260
Amounts owed to group undertakings and undertakings in which the company has a participating interest	87,667	–
Corporation tax	119,843	112,999
Social security and other taxes	12,542	11,909
Other creditors	81,020	144,365
	---------	---------
	330,707	282,533
	---------	---------

The bank loan is secured by a mortgage on the property owned and occupied by the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,122,697	1,167,250
	------------	------------

The bank loan is secured by a mortgage on the property owned and occupied by the company.

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A Vyas	69,223	76,007	( 89,080)	56,150
	--------	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A Vyas	( 10,175)	135,587	( 56,189)	69,223
	--------	---------	--------	--------

The director's loan is interest free and repayable on demand.