Hoolihan Limited - Accounts to registrar (filleted) - small 22.3
Hoolihan Limited - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2022 |
| for |
| Hoolihan Limited |
| Hoolihan Limited (Registered number: SC228723) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2022 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Hoolihan Limited (Registered number: SC228723) |
| Balance Sheet |
| 31 July 2022 |
| 31.7.22 | 31.7.21 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Hoolihan Limited (Registered number: SC228723) |
| Balance Sheet - continued |
| 31 July 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Hoolihan Limited (Registered number: SC228723) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2022 |
| 1. | STATUTORY INFORMATION |
| Hoolihan Limited is a private company, limited by shares, domiciled in Scotland, registration number SC228723. The registered office is 24 Gamekeepers Road, Edinburgh, EH4 6LU. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents invoiced rental income, excluding value added tax. Income is recognised based on the proportion of the rental period which is complete. |
| Tangible fixed assets and depreciation |
| Plant and machinery etc | - |
| Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition. |
| The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hoolihan Limited (Registered number: SC228723) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Provisions |
| Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material. |
| Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 August 2021 |
| and 31 July 2022 |
| DEPRECIATION |
| At 1 August 2021 |
| and 31 July 2022 |
| NET BOOK VALUE |
| At 31 July 2022 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2021 |
| Revaluations | 45,000 |
| At 31 July 2022 |
| NET BOOK VALUE |
| At 31 July 2022 |
| At 31 July 2021 |
| Hoolihan Limited (Registered number: SC228723) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2022 |
| 5. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued, it would have been included at the following historical cost of £354,317 (2021: £354,317). |
| Investment property was valued on an open market basis on 31/03/2015 by Graham & Sibbald. The directors have further reviewed the valuation of the investment properties at 31 July 2022 and have increased the valuation by £295,000. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.22 | 31.7.21 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.22 | 31.7.21 |
| £ | £ |
| Taxation and social security |
| Other creditors |