Company registration number 00758607 (England and Wales)
THE HOLLIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
THE HOLLIES LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
THE HOLLIES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Trade and other receivables
3
8,658,353
9,847,849
Cash and cash equivalents
156,310
161,314
8,814,663
10,009,163
Current liabilities
4
(953,683)
(2,302,206)
Net current assets
7,860,980
7,706,957
Equity
Called up share capital
5
7
7
Retained earnings
7,860,973
7,706,950
Total equity
7,860,980
7,706,957

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 10 September 2025 and are signed on its behalf by:
A C Hicks
Director
Company registration number 00758607 (England and Wales)
THE HOLLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

The Hollies Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5th Floor, 3 Dorset Rise, London, EC4Y 8EN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

As noted in the directors' report, the company has ceased trading activity and the shareholders intend to wind up the company in the coming year. Accordingly, the financial statements have been prepared on the basis other than going concern. The directors consider there to be no difference between the valuation on a going concern basis and valuation on liquidation.

1.3
Revenue

Revenue is recognised at the fair value of the fees receivable and royalties received during the year stated net of value added tax. Revenue from events is recognised in the period in which the event took place.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

THE HOLLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
4,212,043
8,903,405
Corporation tax recoverable
372,394
33,522
Other receivables
4,073,916
910,922
8,658,353
9,847,849
4
Current liabilities
2025
2024
£
£
Trade payables
-
0
96
Corporation tax
-
0
303,750
Other taxation and social security
5,172
-
0
Other payables
948,511
1,998,360
953,683
2,302,206
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
7
7
7
7
THE HOLLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
6
Related Party Transactions

At 31 May 2025 the directors owed a total of £2,720,886 (202 4: were owed £610,842). The balance includes interest on the loan account, charged at 2.25% up until 31 May 2024 after which it was interest free. All directors loan s are unsecured and repayable upon demand.

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