Surf AccountsProduction v1.0.0 v1.0.0 2022-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principle activity of the company is buying and selling of  investment properties. 8 November 2023 1 1 NI650825 2023-02-28 NI650825 2022-02-28 NI650825 2021-02-28 NI650825 2022-03-01 2023-02-28 NI650825 2021-03-01 2022-02-28 NI650825 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI650825 uk-curr:PoundSterling 2022-03-01 2023-02-28 NI650825 uk-bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 NI650825 uk-bus:FullAccounts 2022-03-01 2023-02-28 NI650825 uk-bus:Director1 2022-03-01 2023-02-28 NI650825 uk-bus:RegisteredOffice 2022-03-01 2023-02-28 NI650825 uk-bus:Agent1 2022-03-01 2023-02-28 NI650825 uk-core:ShareCapital 2023-02-28 NI650825 uk-core:ShareCapital 2022-02-28 NI650825 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI650825 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 NI650825 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 NI650825 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-02-28 NI650825 uk-bus:FRS102 2022-03-01 2023-02-28 NI650825 uk-core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 NI650825 uk-core:WithinOneYear 2023-02-28 NI650825 uk-core:WithinOneYear 2022-02-28 NI650825 uk-core:WithinOneYear 2023-02-28 NI650825 uk-core:WithinOneYear 2022-02-28 NI650825 uk-core:AfterOneYear 2023-02-28 NI650825 uk-core:AfterOneYear 2022-02-28 NI650825 uk-core:AfterOneYear 2023-02-28 NI650825 uk-core:AfterOneYear 2022-02-28 NI650825 uk-core:BetweenOneTwoYears 2023-02-28 NI650825 uk-core:BetweenOneTwoYears 2022-02-28 NI650825 uk-core:BetweenTwoFiveYears 2023-02-28 NI650825 uk-core:BetweenTwoFiveYears 2022-02-28 NI650825 uk-core:MoreThanFiveYears 2023-02-28 NI650825 uk-core:MoreThanFiveYears 2022-02-28 NI650825 uk-core:EmployeeBenefits 2022-02-28 NI650825 uk-core:EmployeeBenefits 2022-03-01 2023-02-28 NI650825 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-02-28 NI650825 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-02-28 NI650825 uk-core:OtherDeferredTax 2023-02-28 NI650825 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-02-28 NI650825 uk-core:EmployeeBenefits 2023-02-28 NI650825 2022-03-01 2023-02-28 NI650825 uk-bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI650825
 
 
Hinterland Capital Ltd
 
Unaudited Financial Statements
 
for the financial year ended 28 February 2023
Hinterland Capital Ltd
Director and Other Information

 
Director Mr David Hutchinson
 
 
Company Registration Number NI650825
 
 
Registered Office 6 Danesfort Park South
Belfast
Co. Down
BT9 7RG
Northern Ireland
 
 
Accountants HCA Chartered Accountants Ltd
Chartered Accountants
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Bankers Danske Bank
  Business Banking Department
  Donegall Square West
  Belfast
  Co. Antrim
  BT1 6JS
  Northern Ireland



Hinterland Capital Ltd
Company Registration Number: NI650825
Statement of Financial Position
as at 28 February 2023

2023 2022
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 194,516 195,164
───────── ─────────
 
Current Assets
Debtors 5 98 96
Cash and cash equivalents 1,967 2,248
───────── ─────────
2,065 2,344
───────── ─────────
Creditors: amounts falling due within one year 6 (27,264) (25,344)
───────── ─────────
Net Current Liabilities (25,199) (23,000)
───────── ─────────
Total Assets less Current Liabilities 169,317 172,164
 
Creditors:
amounts falling due after more than one year 7 (158,305) (165,496)
 
Provisions for liabilities 9 - (124)
───────── ─────────
Net Assets 11,012 6,544
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 10,912 6,444
───────── ─────────
Equity attributable to owners of the company 11,012 6,544
═════════ ═════════
 
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 Income Statement and Director's Report.
           
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 8 November 2023
           
           
________________________________          
Mr David Hutchinson          
Director          
           



Hinterland Capital Ltd
Notes to the Financial Statements
for the financial year ended 28 February 2023

   
1. General Information
 
Hinterland Capital Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 6 Danesfort Park South, Belfast, Co. Down, BT9 7RG, Northern Ireland. The principle activity of the company is buying and selling of  investment properties. The financial statements have been presented in Pound (£) 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 28 February 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 goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment 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 property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% 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.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.
 
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.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
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.
 
Employee benefits
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. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
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 Statement of Financial Position 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 Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1).
 
  2023 2022
  Number Number
 
Director 1 1
  ═════════ ═════════
         
4. Property, plant and equipment
  Investment Fixtures, Total
  properties fittings and  
    equipment  
  £ £ £
Cost
At 1 March 2022 194,516 2,598 197,114
  ───────── ───────── ─────────
 
At 28 February 2023 194,516 2,598 197,114
  ───────── ───────── ─────────
Depreciation
At 1 March 2022 - 1,950 1,950
Charge for the financial year - 648 648
  ───────── ───────── ─────────
At 28 February 2023 - 2,598 2,598
  ───────── ───────── ─────────
Net book value
At 28 February 2023 194,516 - 194,516
  ═════════ ═════════ ═════════
At 28 February 2022 194,516 648 195,164
  ═════════ ═════════ ═════════
       
5. Debtors 2023 2022
  £ £
 
Prepayments and accrued income 98 96
  ═════════ ═════════
       
6. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 7,192 7,071
Taxation  (Note 8) 2,068 847
Director's current account 13,214 10,176
Accruals 4,790 7,250
  ───────── ─────────
  27,264 25,344
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 73,305 80,496
Director's loan accounts 85,000 85,000
  ───────── ─────────
  158,305 165,496
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 7,192 7,071
Repayable between one and two years 7,314 7,192
Repayable between two and five years 22,699 22,319
Repayable in five years or more 43,292 50,985
  ───────── ─────────
  80,497 87,567
  ═════════ ═════════
 
 
There is a fixed and floating charged registered by Northern Bank Limited, which covers all the property or undertaking of the company.
       
8. Taxation 2023 2022
  £ £
 
Creditors:
Corporation tax 2,068 847
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 124 124 247
Charged to profit and loss (124) (124) (123)
  ───────── ───────── ─────────
At financial year end - - 124
  ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 28 February 2023.
   
11. Director's advances, credits and guarantees
 
The advance by the director is interest free and unsecured. The director will only seek repayment when the company is in a posiiton to do so.
   
12. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the period-end.