Holland House Property Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC176032

Holland House Property Investments Limited

Filleted Unaudited Financial Statements

31 December 2024

Holland House Property Investments Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	3

Holland House Property Investments Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Holland House Property Investments Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Holland House Property Investments Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Holland House Property Investments Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Holland House Property Investments Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holland House Property Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Holland House Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Holland House Property Investments Limited. You consider that Holland House Property Investments Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Holland House Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

18 September 2025

Holland House Property Investments Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Current assets

Debtors	5	607,394	607,394
Paintings	6	3,000	3,000
		---------	---------
		610,394	610,394

Creditors: amounts falling due within one year	7	745,954		745,954
		---------		---------
Net current liabilities			135,560	135,560
			---------	---------
Total assets less current liabilities			( 135,560)	( 135,560)
			---------	---------
Net liabilities			( 135,560)	( 135,560)
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 135,660)	( 135,660)
	---------	---------
Shareholders deficit	( 135,560)	( 135,560)
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr C M Taylor

Director

Company registration number: SC176032

Holland House Property Investments Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 160 West George Street, Glasgow, G2 2HQ, Scotland.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Going concern

The company is reliant on the support of the directors and other group entities in order to continue in operational existence and meet its liabilities as they fall due. The directors are satisfied that the group entities will continue to support the company and as such the going concern basis is appropriate for the preparation of the accounts.

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

No depreciation is provided in respect of investment properties. The directors consider that this accounting policy is necessary to provide a true and fair view.

	Plant and machinery	-	33% on cost and 15% on cost

4. Tangible assets

	Plant and machinery
	£
Cost
At 1 January 2024 and 31 December 2024	27,388
	--------
Depreciation
At 1 January 2024 and 31 December 2024	27,388
	--------
Carrying amount
At 31 December 2024	–
	--------
At 31 December 2023	–
	--------

5. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings	607,394	607,394
	---------	---------

Amounts due by group undertakings are unsecured, interest free and have no fixed repayment date.

6. Paintings

	2024	2023
	£	£
Investments in group undertakings	3,000	3,000
	-------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Amounts owed to group undertakings	743,339	743,339
Accruals and deferred income	2,300	2,300
Director loan accounts	50	50
Other creditors	265	265
	---------	---------
	745,954	745,954
	---------	---------

Amounts due to group undertakings are unsecured, interest free and have no fixed repayment date.

8. Directors' advances, credits and guarantees

The company owed Mr A Watt, director, £50. (2023: £50).

9. Related party transactions

The company has granted the Royal Bank of Scotland standard securities over the properties it owns and a floating charge over its assets and undertakings in respect of amounts advanced to group undertaking Orion Developments and Investments Limited. The company provided loan funds to its parent company, Orion Estates and Investments Limited. As at 31 December 2024 the company was owed £607,394 (2023: £607,394). The company was provided with loan funds from Orion Developments and Investments Limited (under control of the parent company, Orion Estate and Investments Limited). As at 31 December 2024 the company owed £743,339 (2023: £743,339).

10. Controlling party

The Company is a 100% subsidiary of Orion Estates and Investments Limited. Orion Estate and Investments Limited is controlled by the directors.