Relate AccountsProduction v2.7.2 v2.7.2 2022-02-01 The company was not dormant during the period The company was trading for the entire period The principal actvity is the rental of holiday homes. 26 September 2023 1 2 NI653899 2023-01-31 NI653899 2022-01-31 NI653899 2021-01-31 NI653899 2022-02-01 2023-01-31 NI653899 2021-02-01 2022-01-31 NI653899 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 NI653899 uk-curr:PoundSterling 2022-02-01 2023-01-31 NI653899 uk-bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 NI653899 uk-bus:FullAccounts 2022-02-01 2023-01-31 NI653899 uk-core:ShareCapital 2023-01-31 NI653899 uk-core:ShareCapital 2022-01-31 NI653899 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI653899 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 NI653899 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI653899 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-01-31 NI653899 uk-bus:FRS102 2022-02-01 2023-01-31 NI653899 uk-core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 NI653899 uk-bus:Audited 2022-02-01 2023-01-31 NI653899 uk-core:CurrentFinancialInstruments 2023-01-31 NI653899 uk-core:CurrentFinancialInstruments 2022-01-31 NI653899 uk-core:WithinOneYear 2023-01-31 NI653899 uk-core:WithinOneYear 2022-01-31 NI653899 uk-core:EmployeeBenefits 2022-01-31 NI653899 uk-core:EmployeeBenefits 2022-02-01 2023-01-31 NI653899 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-01-31 NI653899 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-01-31 NI653899 uk-core:OtherDeferredTax 2023-01-31 NI653899 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-01-31 NI653899 uk-core:EmployeeBenefits 2023-01-31 NI653899 uk-core:ParentEntities 2022-02-01 2023-01-31 NI653899 uk-core:UltimateParent 2022-02-01 2023-01-31 NI653899 uk-countries:NorthernIreland 2022-02-01 2023-01-31 NI653899 uk-bus:Director1 2022-02-01 2023-01-31 NI653899 uk-bus:Director2 2022-02-01 2023-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Hillyard Hospitality Limited
 
Financial Statements
 
for the financial year ended 31 January 2023



Hillyard Hospitality Limited
Company Registration Number: NI653899
BALANCE SHEET
as at 31 January 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 33,436 39,381
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Current Assets
Debtors 6 2,309 9,608
Cash and cash equivalents 8,890 16,867
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11,199 26,475
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Creditors: amounts falling due within one year 7 (39,541) (58,963)
───────── ─────────
Net Current Liabilities (28,342) (32,488)
───────── ─────────
Total Assets less Current Liabilities 5,094 6,893
 
Provisions for liabilities 9 (4,095) (4,437)
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Net Assets 999 2,456
═════════ ═════════
 
Equity
Called up share capital 1,000 1,000
Retained earnings (1) 1,456
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Equity attributable to owners of the company 999 2,456
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
Approved by the Board and authorised for issue on 26 September 2023 and signed on its behalf by
           
________________________________     ________________________________
Seamus Devlin     Martin O'Higgins
Director     Director
           



Hillyard Hospitality Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 January 2023

   
1. General Information
 
Hillyard Hospitality Limited is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is 23 Main Street, Castlewellan, Co. Down, BT31 9DF, Northern Ireland which is also the principal place of business of the company. The company number is NI653899. These financial statements cover the individual entity Hillyard Hospitality Limited for the financial year end 31st January 2023. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 January 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 10% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
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 comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Balance Sheet bank overdrafts are shown within Creditors.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by John MacMahon & Co.
The Auditor's Report was signed by John McGinn (Senior Statutory Auditor) for and on behalf of John MacMahon & Co on 26th September 2023.
 
       
4. Employees
 
  2023 2022
  Number Number
 
Employees 1 2
  ═════════ ═════════
       
5. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 February 2022 61,086 61,086
  ───────── ─────────
 
At 31 January 2023 61,086 61,086
  ───────── ─────────
Depreciation
At 1 February 2022 21,705 21,705
Charge for the financial year 5,945 5,945
  ───────── ─────────
At 31 January 2023 27,650 27,650
  ───────── ─────────
Net book value
At 31 January 2023 33,436 33,436
  ═════════ ═════════
At 31 January 2022 39,381 39,381
  ═════════ ═════════
       
6. Debtors 2023 2022
  £ £
 
Taxation  (Note 8) - 8,606
Prepayments and accrued income 2,309 1,002
  ───────── ─────────
  2,309 9,608
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Trade creditors 1,436 2,248
Amounts owed to group undertakings 19,107 42,315
Taxation  (Note 8) 3,784 743
Other creditors 452 420
Accruals:
Pension accrual 171 146
Other accruals 14,591 13,091
  ───────── ─────────
  39,541 58,963
  ═════════ ═════════
       
8. Taxation 2023 2022
  £ £
 
Debtors:
VAT - 8,606
  ═════════ ═════════
Creditors:
VAT 3,152 -
PAYE / NI 632 743
  ───────── ─────────
  3,784 743
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 4,437 4,437 1,616
Charged to profit and loss (342) (342) 2,821
  ───────── ───────── ─────────
At financial year end 4,095 4,095 4,437
  ═════════ ═════════ ═════════
   
10. Pension costs - defined contribution
 
The company operates a defined contribution pension scheme.  The assets of the scheme are held separately from those of the company in an independently administered fund.  Pension costs amounted to £666 (2022 - £583).
Unpaid contributions outstanding at 31 January 2023 amounted to £171 (31 January 2022 - £146).
           
11. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
 
All inter company balances are repayable on demand.
   
12. Parent and ultimate parent company
 
The company regards FPDG Ltd as its parent company.
 
The companys ultimate parent undertaking is FPDG Ltd.
The address of FPDG Ltd is 23 Main Street, Castelwellan, Co.Down, BT31 9DF.
FPDG Ltd is regarded as both the controlling party and the ultimate controlling party.
 
The parent of the largest group in which the results are consolidated is FPDG Ltd.
FPDG Ltd is registered in Northern Ireland.