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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HILL TWINE SOLICITORS LTD

HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HILL TWINE SOLICITORS LTD

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: K R Hill
S Hill





REGISTERED OFFICE: 7 Trinity
161 Old Christchurch Road
Bournemouth
Dorset
BH1 1JU





REGISTERED NUMBER: 08876213 (England and Wales)






HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,124 9,016
10,124 9,016

CURRENT ASSETS
Debtors 6 122,721 127,561
Cash at bank and in hand 82,987 179,547
205,708 307,108
CREDITORS
Amounts falling due within one year 7 59,659 56,786
NET CURRENT ASSETS 146,049 250,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,173

259,338

CREDITORS
Amounts falling due after more than one year 8 - (1,055 )

PROVISIONS FOR LIABILITIES (2,531 ) (1,933 )
NET ASSETS 153,642 256,350

CAPITAL AND RESERVES
Called up share capital 9 50 100
Capital redemption reserve 50 -
Retained earnings 153,542 256,250
SHAREHOLDERS' FUNDS 153,642 256,350

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.

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 13 September 2023 and were signed on its behalf by:





K R Hill - Director


HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Hill Twine Solicitors Ltd 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.

Turnover
Fee income is recognised as the right to consideration obtained through the performance of contractual obligations.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Amounts recoverable on contracts
Services provided to clients during the year, which at the balance sheet date have not been billed to clients, are recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022
and 31 March 2023 30,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 April 2022 21,463
Additions 3,732
At 31 March 2023 25,195
DEPRECIATION
At 1 April 2022 12,447
Charge for year 2,624
At 31 March 2023 15,071
NET BOOK VALUE
At 31 March 2023 10,124
At 31 March 2022 9,016


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,582 65,061
Amounts recoverable on contracts 75,609 54,779
Other debtors 5,530 7,721
122,721 127,561

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,055 981
Trade creditors 1,195 3,216
Taxation and social security 51,615 44,637
Other creditors 5,794 7,952
59,659 56,786

HILL TWINE SOLICITORS LTD (REGISTERED NUMBER: 08876213)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 1,055

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 50 100