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REGISTERED NUMBER: 07238525 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Strange Hill Limited

Strange Hill Limited (Registered number: 07238525)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Strange Hill Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C R M Hill
C Lancaster





SECRETARY: C R M Hill





REGISTERED OFFICE: Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY





REGISTERED NUMBER: 07238525 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Strange Hill Limited (Registered number: 07238525)

Abridged Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £ £
FIXED ASSETS
Tangible assets 4 820 1,139

CURRENT ASSETS
Debtors 363,474 698,359
Cash at bank and in hand 19,287 97,341
382,761 795,700
CREDITORS
Amounts falling due within one year (347,347 ) (417,120 )
NET CURRENT ASSETS 35,414 378,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,234

379,719

CREDITORS
Amounts falling due after more than one
year

(105,659

)

(29,472

)

PROVISIONS FOR LIABILITIES (156 ) (216 )
NET (LIABILITIES)/ASSETS (69,581 ) 350,031

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (69,582 ) 350,030
SHAREHOLDERS' FUNDS (69,581 ) 350,031

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 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.

Strange Hill Limited (Registered number: 07238525)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 November 2023 and were signed on its behalf by:





C R M Hill - Director


Strange Hill Limited (Registered number: 07238525)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Strange Hill 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.

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.
Fixtures & fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Strange Hill Limited (Registered number: 07238525)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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.

Bounce back loan scheme
The British Business Bank together with lenders provided a range of financial options including the Bounce Back Loan Scheme (BBLS). These loans are backed by a government guarantee and the government will make a Business Interruption payment to cover the first twelve months of interest payments.

A loan of £50,000 has been secured from the company's bankers at a rate of 2.5% per annum. The repayment terms are six years with no repayments for the first twelve months. Any difference between the amount of cash received and the discounted present value has been recognised as other finance income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 March 2022
and 28 February 2023 40,035
DEPRECIATION
At 1 March 2022 38,896
Charge for year 319
At 28 February 2023 39,215
NET BOOK VALUE
At 28 February 2023 820
At 28 February 2022 1,139

Strange Hill Limited (Registered number: 07238525)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 28 February 2023 and the period ended 28 February 2022:

28/2/23 28/2/22
£ £
C R M Hill
Balance outstanding at start of year 107,995 93,488
Amounts advanced 25,537 55,404
Amounts repaid (134,021 ) (40,897 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (489 ) 107,995

C Lancaster
Balance outstanding at start of year (16,135 ) (11,579 )
Amounts advanced 23,523 51,404
Amounts repaid - (55,960 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,388 (16,135 )

6. POST BALANCE SHEET EVENTS

The directors have considered the possible effect on the company of the impact of the worldwide pandemic (COVID-19). Taking into account a period exceeding twelve months from the date of approval of these financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and for this reason will continue to adopt the going concern basis in the preparation of its financial statements.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Strange Hill Holdings Limited.