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Company No: 04624185 (England and Wales)

# THE HOLLIES HOTEL LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

THE HOLLIES HOTEL LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

THE HOLLIES HOTEL LIMITED

## BALANCE SHEET

As at 31 December 2025
THE HOLLIES HOTEL LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 3,293 |  | 4,333
Tangible assets | 4 | 15,384 |  | 24,162
|  | 18,677 |  | 28,495
Current assets |  |  |  |
Stocks |  | 9,078 |  | 8,618
Debtors | 5 | 2,989,733 |  | 3,159,359
Cash at bank and in hand |  | 1,714,852 |  | 1,633,983
|  | 4,713,663 |  | 4,801,960
Creditors: amounts falling due within one year | 6 | ( 385,578) |  | ( 703,596)
Net current assets |  | 4,328,085 |  | 4,098,364
Total assets less current liabilities |  | 4,346,762 |  | 4,126,859
Provision for liabilities |  | 0 |  | ( 314)
Net assets |  | 4,346,762 |  | 4,126,545
Capital and reserves |  |  |  |
Called-up share capital |  | 5,000 |  | 5,000
Profit and loss account |  | 4,341,762 |  | 4,121,545
Total shareholders' funds |  | 4,346,762 |  | 4,126,545

For the financial year ending 31 December 2025 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 financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The Hollies Hotel Limited (registered number: 04624185) were approved and authorised for issue by the Board of Directors on 08 April 2026. They were signed on its behalf by:

R J Walsh Director |

THE HOLLIES HOTEL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
THE HOLLIES HOTEL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

The Hollies Hotel Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Hollies Hotel, Bower Hinton, Martock, TA12 6LG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable in respect of accommodation and related activities in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.
The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line
Other intangible assets | 20 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

###### Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 20 % reducing balance
Fixtures and fittings | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in other operating income over the period in which the related costs are recognised, and timing differences are presented as other debtors or deferred income within the balance sheet. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 30 |  | 30

#### 3. Intangible assets

| Goodwill |  | Other intangible assets |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 90,000 |  | 30,255 |  | 120,255
At 31 December 2025 | 90,000 |  | 30,255 |  | 120,255
Accumulated amortisation |  |  |  |  |
At 01 January 2025 | 90,000 |  | 25,922 |  | 115,922
Charge for the financial year | 0 |  | 1,040 |  | 1,040
At 31 December 2025 | 90,000 |  | 26,962 |  | 116,962
Net book value |  |  |  |  |
At 31 December 2025 | 0 |  | 3,293 |  | 3,293
At 31 December 2024 | 0 |  | 4,333 |  | 4,333

#### 4. Tangible assets

| Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 45,165 |  | 765,779 |  | 810,944
Disposals | ( 7,600) |  | ( 99,712) |  | ( 107,312)
At 31 December 2025 | 37,565 |  | 666,067 |  | 703,632
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 37,862 |  | 748,920 |  | 786,782
Charge for the financial year | 1,461 |  | 7,109 |  | 8,570
Disposals | ( 7,530) |  | ( 99,574) |  | ( 107,104)
At 31 December 2025 | 31,793 |  | 656,455 |  | 688,248
Net book value |  |  |  |  |
At 31 December 2025 | 5,772 |  | 9,612 |  | 15,384
At 31 December 2024 | 7,303 |  | 16,859 |  | 24,162

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 41,886 |  | 70,983
Other debtors | 2,947,847 |  | 3,088,376
| 2,989,733 |  | 3,159,359

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 21,816 |  | 29,133
Taxation and social security | 147,587 |  | 141,941
Other creditors | 216,175 |  | 532,522
| 385,578 |  | 703,596

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Related party transactions

Transactions with the entity's directors

Advances

The Director's loan account is repayable on demand and interest is charged on the overdrawn balances exceeding £10,000 at the official HMRC rates.
At 1 January 2025, the balance owed by T M Walsh was £nil. During the year, £681,141 was advanced and £681,141 was repaid by T M Walsh. At 31 December 2025, the balance owed by the director was £nil.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Beaumont Premier Properties Limited (a company owned by the directors) | 2,574,002 |  | 2,724,017
Suburban Commercial Limited (R J Walsh and T D Walsh are directors) | 360,000 |  | 360,000

Included in other debtors is a loan with Beaumont Premier Properties Limited. There are no fixed terms for repayment and no interest has been charged.
Included in other debtors is a loan with Suburban Commercial Limited. There are no fixed terms for repayment and no interest has been charged.