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Company Registration No. SC161081 (Scotland)
Hillview Developments Limited Unaudited accounts for the year ended 31 May 2023
Hillview Developments Limited Unaudited accounts Contents
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Hillview Developments Limited Company Information for the year ended 31 May 2023
Directors
Alessandro Saccomando Nadia Millar Guilia Saccomando
Company Number
SC161081 (Scotland)
Registered Office
Auchengree Farm Lenzie Road Stepps GLASGOW Lanarkshire G33 6BZ Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Hillview Developments Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
305 
672 
Investment property
3,100,000 
3,100,000 
Investments
693,450 
693,450 
3,793,755 
3,794,122 
Current assets
Debtors
139,919 
114,235 
Cash at bank and in hand
871,927 
638,976 
1,011,846 
753,211 
Creditors: amounts falling due within one year
(226,369)
(170,913)
Net current assets
785,477 
582,298 
Total assets less current liabilities
4,579,232 
4,376,420 
Provisions for liabilities
Deferred tax
(217,953)
(217,953)
Net assets
4,361,279 
4,158,467 
Capital and reserves
Called up share capital
100,000 
100,000 
Fair value reserve
1,589,966 
1,589,966 
Profit and loss account
2,671,313 
2,468,501 
Shareholders' funds
4,361,279 
4,158,467 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
Nadia Millar Director Company Registration No. SC161081
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Hillview Developments Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Hillview Developments Limited is a private company, limited by shares, registered in Scotland, registration number SC161081. The registered office is Auchengree Farm, Lenzie Road Stepps, GLASGOW, Lanarkshire, G33 6BZ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33%
Computer equipment
33%
Investment property
Investment properties are valued at their open market value at the balance sheet date. Any surplus on revaluation is transferred to the investment property revaluation reserve. Any deficit is deducted from the investment property revaluation reserve, except for permanent diminutions in value, which are charged to the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
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Hillview Developments Limited Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
3,057 
At 31 May 2023
3,057 
Depreciation
At 1 June 2022
2,385 
Charge for the year
367 
At 31 May 2023
2,752 
Net book value
At 31 May 2023
305 
At 31 May 2022
672 
5
Investment property
2023 
£ 
Fair value at 1 June 2022
3,100,000 
At 31 May 2023
3,100,000 
6
Investments
Other investments 
£ 
Valuation at 1 June 2022
693,450 
Valuation at 31 May 2023
693,450 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,134 
15,817 
Accrued income and prepayments
3,280 
2,913 
Other debtors
120,505 
95,505 
139,919 
114,235 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
14,481 
12,279 
Taxes and social security
51,050 
48,814 
Other creditors
126,107 
75,290 
Accruals
1,805 
1,780 
Deferred income
32,926 
32,750 
226,369 
170,913 
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Hillview Developments Limited Notes to the Accounts for the year ended 31 May 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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