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REGISTERED NUMBER: 11835140 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

FRISTON HILL ESTATES LIMITED

FRISTON HILL ESTATES LIMITED (REGISTERED NUMBER: 11835140)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FRISTON HILL ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: P S D Hill





REGISTERED OFFICE: 22a Cornfield Road
Eastbourne
East Sussex
BN21 4QE





REGISTERED NUMBER: 11835140 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

FRISTON HILL ESTATES LIMITED (REGISTERED NUMBER: 11835140)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 375,000 375,000

CURRENT ASSETS
Debtors 5 7,775 7,857
Cash at bank 40,260 39
48,035 7,896
CREDITORS
Amounts falling due within one year 6 79,088 41,848
NET CURRENT LIABILITIES (31,053 ) (33,952 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,947

341,048

CREDITORS
Amounts falling due after more than one
year

7

(227,724

)

(227,724

)

PROVISIONS FOR LIABILITIES 8 (21,502 ) (21,342 )
NET ASSETS 94,721 91,982

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 92,032 92,032
Retained earnings 1,689 (1,050 )
SHAREHOLDERS' FUNDS 94,721 91,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 27 November 2023 and were signed by:




P S D Hill - Director


FRISTON HILL ESTATES LIMITED (REGISTERED NUMBER: 11835140)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Friston Hill Estates 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 375,000
NET BOOK VALUE
At 28 February 2023 375,000
At 28 February 2022 375,000

The director considers the fair value of the investment property to be its open market value at the balance sheet date.

FRISTON HILL ESTATES LIMITED (REGISTERED NUMBER: 11835140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2022 113,619
Cost 261,381
375,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 7,775 7,375
Tax debtor - 482
7,775 7,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,074 1,074
Directors' current accounts 77,414 40,174
Accrued expenses 600 600
79,088 41,848

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan over 5 years 227,724 227,724

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 227,724 227,724

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Deferred tax on losses (86 ) (246 )
Investment property fair value 21,588 21,588
21,502 21,342

Deferred
tax
£   
Balance at 1 March 2022 21,342
Provided during year 160
Balance at 28 February 2023 21,502

FRISTON HILL ESTATES LIMITED (REGISTERED NUMBER: 11835140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


9. RESERVES
Fair
value
reserve
£   
At 1 March 2022
and 28 February 2023 92,032

10. RELATED PARTY DISCLOSURES

During the period the company owed £7,775 (2022: £7,702) to Mole Hill Estates Ltd, a company controlled by the director. This balance remained outstanding at the year end. There are no terms attached to this loan.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P S D Hill.