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REGISTERED NUMBER: 06758285 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

HILLSIDE VENTNOR LIMITED

HILLSIDE VENTNOR LIMITED (REGISTERED NUMBER: 06758285)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILLSIDE VENTNOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Mr Gert Rolien Bach Nielsen





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: 06758285 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

HILLSIDE VENTNOR LIMITED (REGISTERED NUMBER: 06758285)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 238 713
Investments 5 25,000 25,000
25,238 25,713

CURRENT ASSETS
Stocks 4,800 4,700
Debtors 6 145,763 278,302
Cash at bank and in hand 12,026 21,724
162,589 304,726
CREDITORS
Amounts falling due within one year 7 140,044 269,501
NET CURRENT ASSETS 22,545 35,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,783

60,938

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 22,783 35,938
47,783 60,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HILLSIDE VENTNOR LIMITED (REGISTERED NUMBER: 06758285)

BALANCE SHEET - continued
31 DECEMBER 2022


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 director and authorised for issue on 7 November 2023 and were signed by:





Mr Gert Rolien Bach Nielsen - Director


HILLSIDE VENTNOR LIMITED (REGISTERED NUMBER: 06758285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Hillside Ventnor 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements contain information about Hillside Ventnor Limited as an individual company.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Income from accommodation is recognised at the date provided. Deposits are non-refundable and recognised on the date of stay.

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 - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.


HILLSIDE VENTNOR LIMITED (REGISTERED NUMBER: 06758285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
At the time of approving the financial statements, the director has confirmed that the company will cease trading within the next twelve months and will no longer be operational. Thus the company has not adopted the going concern basks for the preparation of the financial statements for the year.

Post year end all the assets as shown in the balance sheet are expected to be disposed of and all creditors settled.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 January 2022
and 31 December 2022 47,316
DEPRECIATION
At 1 January 2022 46,603
Charge for year 475
At 31 December 2022 47,078
NET BOOK VALUE
At 31 December 2022 238
At 31 December 2021 713

HILLSIDE VENTNOR LIMITED (REGISTERED NUMBER: 06758285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2022
and 31 December 2022 25,000
NET BOOK VALUE
At 31 December 2022 25,000
At 31 December 2021 25,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Brasserie Ventnor Limited
Registered office: Hillside, IOW Ventnor
Nature of business: Brasserie
%
Class of shares: holding
Ordinary 100.00

Associated company

Brook Cottage Catering Ltd
Registered office: 30 Pier Street, Ventnor, PO38 1SX
Nature of business: Licensed restaurants
%
Class of shares: holding
Ordinary 10.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Amounts owed by group undertakings 121,191 259,112
Other debtors 24,572 19,190
145,763 278,302

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Amounts owed to group undertakings 39,098 25,092
Taxation and social security (23 ) 1,101
Other creditors 100,969 243,308
140,044 269,501

HILLSIDE VENTNOR LIMITED (REGISTERED NUMBER: 06758285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


8. ULTIMATE CONTROLLING PARENT

The ultimate parent undertaking is Neilor Limited, which prepares group financial statements. The registered office of Neilor Limited is Appledram Barns, Birdham Road, Chichester, PO20 7EQ.