Company registration number 08653862 (England and Wales)
Hollins Eastway Limited
Unaudited financial statements
For the year ended 30 April 2025
Hollins Eastway Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Hollins Eastway Limited
Balance sheet
As at 30 April 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,800,000
1,800,000
Current assets
Debtors
4
55,090
1,221
Cash at bank and in hand
132,458
190,184
187,548
191,405
Creditors: amounts falling due within one year
5
(82,206)
(88,675)
Net current assets
105,342
102,730
Total assets less current liabilities
1,905,342
1,902,730
Creditors: amounts falling due after more than one year
6
(900,000)
(900,000)
Provisions for liabilities
(250,000)
(250,000)
Net assets
755,342
752,730
Capital and reserves
Called up share capital
7
200
200
Non-distributable profits reserve
8
750,000
750,000
Distributable profit and loss reserves
5,142
2,530
Total equity
755,342
752,730
Hollins Eastway Limited
Balance sheet (continued)
As at 30 April 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 September 2025 and are signed on its behalf by:
Mrs L Goodman
Director
Company registration number 08653862 (England and Wales)
Hollins Eastway Limited
Notes to the financial statements
For the year ended 30 April 2025
- 3 -
1
Accounting policies
Company information

Hollins Eastway Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 3, First Floor, Victoria Court, Bexton Road, Knutsford, Cheshire, WA16 0PF.

1.1
Basis of preparation

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, modified to include the revaluation of freehold properties and to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for development land, together with rental income and related services, net of VAT.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Hollins Eastway Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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 carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2025
2024
Number
Number
Total
0
0
Hollins Eastway Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 5 -
3
Investment property
2025
£
Fair value
At 1 May 2024 and 30 April 2025
1,800,000

Investment property comprises land and retail units at Eastway Hub, Fulwood, Preston. The value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
28,721
-
0
Other debtors
26,369
1,221
55,090
1,221
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,387
7,653
Corporation tax
22,880
37,511
Other taxation and social security
6,313
6,205
Deferred income
3,762
-
0
Other creditors
8,813
96
Accruals and deferred income
34,051
37,210
82,206
88,675

Bank loans due within one year are unsecured.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
900,000
900,000

Included in bank loans is a loan of £900,000 (2024: £900,000) which is secured by a fixed charge on the assets of the company.

Hollins Eastway Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 6 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
200
200
200
200

100 Ordinary shares of £1 each have been issued and fully paid and 100 Ordinary shares of £1 each have been issued and not fully paid.

8
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
750,000
810,000
Non distributable profits in the year
-
(60,000)
At the end of the year
750,000
750,000

Other reserves of £750,000 (202 4: £75 0,000) are a non-distributable reserve representing the fair value increase of investment properties above original cost less the associated deferred tax liability.

9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
2025
2024
£
£
Other related parties
-
0
1,542

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities with common control
8,813
96
Other information

Transactions and balances with other related parties are in respect of entities in which the directors have an interest.

Hollins Eastway Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 7 -
10
Directors' transactions
Advances
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Loan
2.25
-
6,250
6,250
Loan
2.25
-
6,250
6,250
Loan
2.25
-
6,250
6,250
Loan
2.25
-
6,250
6,250
-
25,000
25,000
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