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REGISTERED NUMBER: SC095422 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Hillkirk Properties Limited

Hillkirk Properties Limited (Registered number: SC095422)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hillkirk Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Alan A Caplan





REGISTERED OFFICE: 7 Treemain Road
Whitecraigs
Glasgow
G46 7LB





REGISTERED NUMBER: SC095422 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Hillkirk Properties Limited (Registered number: SC095422)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 549,000 549,000

CURRENT ASSETS
Cash at bank 48,423 87,093

CREDITORS
Amounts falling due within one year 5 84,779 115,708
NET CURRENT LIABILITIES (36,356 ) (28,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

512,644

520,385

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 7 191,857 191,857
Retained earnings 7 320,687 328,428
SHAREHOLDERS' FUNDS 512,644 520,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Hillkirk Properties Limited (Registered number: SC095422)

Balance Sheet - continued
30 September 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 director and authorised for issue on 15 November 2023 and were signed by:





Alan A Caplan - Director


Hillkirk Properties Limited (Registered number: SC095422)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Hillkirk Properties Limited is a private company, limited by shares , registered in Scotland. 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.
Heritable property - not provided

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

Hillkirk Properties Limited (Registered number: SC095422)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Heritable
property
£   
COST OR VALUATION
At 1 October 2022
and 30 September 2023 549,000
NET BOOK VALUE
At 30 September 2023 549,000
At 30 September 2022 549,000

The market values of the investment properties have been arrived at on the basis of a valuation carried out on 30 September 2018 by the director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the state of the rental market in the areas where the properties are situated.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,726
Taxation and social security 5,221 4,723
Other creditors 79,558 109,259
84,779 115,708

6. CALLED UP SHARE CAPITAL

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

Hillkirk Properties Limited (Registered number: SC095422)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 328,428 191,857 520,285
Profit for the year 22,259 22,259
Dividends (30,000 ) (30,000 )
At 30 September 2023 320,687 191,857 512,544