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REGISTERED NUMBER: 11725496 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

HILTON STREET DEVELOPMENTS
(MANCHESTER) LIMITED

HILTON STREET DEVELOPMENTS
(MANCHESTER) LIMITED (REGISTERED NUMBER: 11725496)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILTON STREET DEVELOPMENTS
(MANCHESTER) LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTOR: Mrs E C Underhill





REGISTERED OFFICE: Reedham House
31-33 King Street West
Manchester
M3 2PN





REGISTERED NUMBER: 11725496 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

HILTON STREET DEVELOPMENTS
(MANCHESTER) LIMITED (REGISTERED NUMBER: 11725496)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 - 1,123,073

CURRENT ASSETS
Debtors 5 1 1
Cash at bank 3,447 398
3,448 399
CREDITORS
Amounts falling due within one year 6 (159,918 ) (1,648,160 )
NET CURRENT LIABILITIES (156,470 ) (1,647,761 )
TOTAL ASSETS LESS CURRENT LIABILITIES (156,470 ) (524,688 )

CREDITORS
Amounts falling due after more than one
year

7

-

(31,667

)
NET LIABILITIES (156,470 ) (556,355 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (156,471 ) (556,356 )
SHAREHOLDERS' FUNDS (156,470 ) (556,355 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HILTON STREET DEVELOPMENTS
(MANCHESTER) LIMITED (REGISTERED NUMBER: 11725496)

BALANCE SHEET - continued
31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th March 2024 and were signed by:





Mrs E C Underhill - Director


HILTON STREET DEVELOPMENTS
(MANCHESTER) LIMITED (REGISTERED NUMBER: 11725496)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Hilton Street Developments (Manchester) Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11725496. The address of the registered office is Reedham House, 31-33 King Street West, Manchester, M3 2PN and the principal place of business is 331 Bury New Road, Manchester, M7 2YN.

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.

The concept of going concern is an underlying assumption in the production of financial statements. As there are considerable net liabilities there is a question mark over going concern. Although there is no formal agreement in place the director has indicated he will continue to provide financial support to the company for at least 12 months from the date of these accounts.

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 profit and loss account, 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.

Trade and other debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

HILTON STREET DEVELOPMENTS
(MANCHESTER) LIMITED (REGISTERED NUMBER: 11725496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand. Bank borrowings are included within creditors.

Trade and other creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 1,123,073
Disposals (1,123,073 )
At 31st March 2023 -
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 1,123,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,000
Amounts owed to participating interests - 394,738
Taxation and social security 112 118
Other creditors 159,806 1,243,304
159,918 1,648,160

HILTON STREET DEVELOPMENTS
(MANCHESTER) LIMITED (REGISTERED NUMBER: 11725496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 31,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans - 952,128

Together Money holds charges dated 3 October 2019, creating a fixed and floating charge over the property and undertakings of the company.

Apple P.P.E holds charges dated 9 June 2020, creating a fixed and floating charge over the property and undertakings of the company.

Andrew Higginson holds charges dated 9 June 2020, creating a fixed and floating charge over the property and undertakings of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1.00 1 1