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REGISTERED NUMBER: 08310903 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE HILL CROSS ORGANISATION LIMITED

THE HILL CROSS ORGANISATION LIMITED (REGISTERED NUMBER: 08310903)






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


THE HILL CROSS ORGANISATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J K Barker
R T Barker





REGISTERED OFFICE: North Lingy Moor
Moulton
Richmond
North Yorkshire
DL10 6QN





REGISTERED NUMBER: 08310903 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

THE HILL CROSS ORGANISATION LIMITED (REGISTERED NUMBER: 08310903)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,380,130 2,380,130

CURRENT ASSETS
Debtors 5 328,835 200,000

CREDITORS
Amounts falling due within one year 6 560,958 744,853
NET CURRENT LIABILITIES (232,123 ) (544,853 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,148,007

1,835,277

CREDITORS
Amounts falling due after more than one
year

7

559,657

740,468
NET ASSETS 1,588,350 1,094,809

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 299,900 299,900
Retained earnings 1,288,350 794,809
SHAREHOLDERS' FUNDS 1,588,350 1,094,809

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 HILL CROSS ORGANISATION LIMITED (REGISTERED NUMBER: 08310903)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





J K Barker - Director


THE HILL CROSS ORGANISATION LIMITED (REGISTERED NUMBER: 08310903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

The Hill Cross Organisation 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.

Preparation of consolidated financial statements
The financial statements contain information about The Hill Cross Organisation Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed asset investments
Investments are recognised initially at cost and are reviewed for impairment annually.

3. EMPLOYEES AND DIRECTORS

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

THE HILL CROSS ORGANISATION LIMITED (REGISTERED NUMBER: 08310903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 2,380,130
NET BOOK VALUE
At 31 March 2023 2,380,130
At 31 March 2022 2,380,130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 287,472 200,000
Other debtors 41,363 -
328,835 200,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 189,423 184,853
Amounts owed to group undertakings 371,535 500,000
Other creditors - 60,000
560,958 744,853

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 559,657 740,468

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 749,080 925,321

The bank loan noted above is secured by way of a debenture in the banks favour from The Hill Cross Organisation Limited, a debenture in the banks favour from Tamarisk Designs Limited, a guarantee in the banks favour from the directors limited to £450,000 and a guarantee in the banks favour from The Hill Cross Organisation Limited, Tamarisk Designs Limited and Hill Cross Furniture Limited.

THE HILL CROSS ORGANISATION LIMITED (REGISTERED NUMBER: 08310903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. CALLED UP SHARE CAPITAL

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
R T Barker and J K Barker
Balance outstanding at start of year (60,000 ) -
Amounts advanced 101,363 -
Amounts repaid - (60,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,363 (60,000 )

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

In the year the company made an interest free loan to a fellow group company MHTDF Limited. As at 31 March 2023 the amount outstanding was £287,472 (2022: £200,000).