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REGISTERED NUMBER: 07677828 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

JOHN HILTON LIMITED
TRADING AS
JOHN HILTON

JOHN HILTON LIMITED (REGISTERED NUMBER: 07677828)
TRADING AS JOHN HILTON






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN HILTON LIMITED
TRADING AS JOHN HILTON

Company Information
for the Year Ended 31 March 2023







DIRECTORS: E G Skinner
M A Foster





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 07677828 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

JOHN HILTON LIMITED (REGISTERED NUMBER: 07677828)
TRADING AS JOHN HILTON

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,855 40,026
Investment property 5 550,000 550,000
629,855 590,026

CURRENT ASSETS
Debtors 6 18,485 13,917
Cash at bank and in hand 1,319,359 1,268,838
1,337,844 1,282,755
CREDITORS
Amounts falling due within one year 7 1,152,246 964,494
NET CURRENT ASSETS 185,598 318,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,453

908,287

CREDITORS
Amounts falling due after more than one
year

8

(205,352

)

(218,135

)

PROVISIONS FOR LIABILITIES 9 (43,625 ) (36,058 )
NET ASSETS 566,476 654,094

CAPITAL AND RESERVES
Called up share capital 103 102
Revaluation reserve 125,816 125,816
Retained earnings 440,557 528,176
SHAREHOLDERS' FUNDS 566,476 654,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

JOHN HILTON LIMITED (REGISTERED NUMBER: 07677828)
TRADING AS JOHN HILTON

Balance Sheet - continued
31 March 2023


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

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 16 September 2023 and were signed on its behalf by:




M A Foster - Director



E G Skinner - Director


JOHN HILTON LIMITED (REGISTERED NUMBER: 07677828)
TRADING AS JOHN HILTON

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

John Hilton Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

JOHN HILTON LIMITED (REGISTERED NUMBER: 07677828)
TRADING AS JOHN HILTON

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 35,470 10,467 6,347 52,284
Additions 43,828 - 4,669 48,497
At 31 March 2023 79,298 10,467 11,016 100,781
DEPRECIATION
At 1 April 2022 1,210 9,419 1,629 12,258
Charge for year 7,273 258 1,137 8,668
At 31 March 2023 8,483 9,677 2,766 20,926
NET BOOK VALUE
At 31 March 2023 70,815 790 8,250 79,855
At 31 March 2022 34,260 1,048 4,718 40,026

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 550,000
NET BOOK VALUE
At 31 March 2023 550,000
At 31 March 2022 550,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 155,329
Cost 394,671
550,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,760 11,533
Other debtors 4,000 500
Directors' loan accounts 1,725 1,884
Prepayments 4,000 -
18,485 13,917

JOHN HILTON LIMITED (REGISTERED NUMBER: 07677828)
TRADING AS JOHN HILTON

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,783 10,240
Trade creditors 6,023 8,760
Client accounts 1,069,871 853,022
Tax 10,176 46,437
Social security and other taxes - (89 )
VAT 30,837 30,426
Other creditors 4,500 -
Pension liability 2,198 2,240
Directors' loan accounts 9,858 6,958
Accrued expenses 6,000 6,500
1,152,246 964,494

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 13,312 12,783
Bank loans - 2-5 years 43,314 41,618
Bank loans more 5 yr by instal 148,726 163,734
205,352 218,135

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 148,726 163,734

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 43,625 36,058

Deferred
tax
£   
Balance at 1 April 2022 36,058
Accelerated capital allowances 7,567
Balance at 31 March 2023 43,625

10. RELATED PARTY DISCLOSURES

In the year, the company paid rents totalling £10,000 (2022: £10,000) to Mr E Skinner.

11. ULTIMATE CONTROLLING PARTY

The company's directors each own half of the share capital, therefore, the company is not under the control of any one party.