Hollyrush Developments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4054254

Hollyrush Developments Ltd

Filleted Unaudited Financial Statements

27 August 2025

Hollyrush Developments Ltd

Statement of Financial Position

27 August 2025

	27 Aug 25		28 Aug 24
Note	£	£	£

Fixed assets

Tangible assets	6		188,160	188,215

Current assets

Debtors	7	421,159	361,936
Cash at bank and in hand		202	202
		---------	---------
		421,361	362,138

Creditors: amounts falling due within one year	8	237,684		194,549
		---------		---------
Net current assets			183,677	167,589
			---------	---------
Total assets less current liabilities			371,837	355,804

Creditors: amounts falling due after more than one year	9	187,006	191,216
		---------	---------
Net assets		184,831	164,588
		---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	184,821	164,578
	---------	---------
Shareholders funds	184,831	164,588
	---------	---------

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 period ending 27 August 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 period in question in accordance with section 476 ;

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

Hollyrush Developments Ltd

Statement of Financial Position (continued)

27 August 2025

These financial statements were approved by the board of directors and authorised for issue on 17 August 2026 , and are signed on behalf of the board by:

Mrs K Rafferty
Director

Company registration number: 4054254

Hollyrush Developments Ltd

Notes to the Financial Statements

Period from 29 August 2024 to 27 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.

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.

Judgements and key sources of estimation uncertainty

No significant judgements have been made by the director in preparing these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

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:

	Equipment	-	15% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense

	Period from	Period from
	29 Aug 24 to	1 Sep 23 to
	27 Aug 25	28 Aug 24
	£	£

Current tax:

UK current tax expense	10,157	48,128
Adjustments in respect of prior periods	1,059	( 1,500)
	--------	--------
Total current tax	11,216	46,628
	--------	--------
	--------	--------
Tax on profit	11,216	46,628
	--------	--------

6. Tangible assets

	Freehold property	Equipment	Total
	£	£	£
Cost
At 29 August 2024 and 27 August 2025	187,851	2,503	190,354
	---------	-------	---------
Depreciation
At 29 August 2024	–	2,139	2,139
Charge for the period	–	55	55
	---------	-------	---------
At 27 August 2025	–	2,194	2,194
	---------	-------	---------
Carrying amount
At 27 August 2025	187,851	309	188,160
	---------	-------	---------
At 28 August 2024	187,851	364	188,215
	---------	-------	---------

The company holds investment property with a cost price of £187,851 (2024: £187,851). The properties are reflected in the accounts at their fair value at the balance sheet date. The valuation is carried out annually by Mrs K Rafferty , the director, with reference to the open market.

7. Debtors

	27 Aug 25	28 Aug 24
	£	£
Trade debtors	64,623	113,834
Other debtors	356,536	248,102
	---------	---------
	421,159	361,936
	---------	---------

8. Creditors: amounts falling due within one year

	27 Aug 25	28 Aug 24
	£	£
Bank loans and overdrafts	4,848	6,935
Corporation tax	112,782	106,402
Social security and other taxes	47,474	34,246
Other creditors	72,580	46,966
	---------	---------
	237,684	194,549
	---------	---------

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

	27 Aug 25	28 Aug 24
	£	£
Bank loans and overdrafts	187,006	191,216
	---------	---------

10. Director's advances, credits and guarantees

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

	27 Aug 25
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mrs K Rafferty	166,805	80,026	246,831
	---------	--------	---------

	28 Aug 24
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mrs K Rafferty	76,463	90,342	166,805
	--------	--------	---------