IRIS Accounts Production v23.4.0.336 08130163 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Fair value model Ordinary Share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081301632022-07-31081301632023-07-31081301632022-08-012023-07-31081301632021-07-31081301632021-08-012022-07-31081301632022-07-3108130163ns15:EnglandWales2022-08-012023-07-3108130163ns14:PoundSterling2022-08-012023-07-3108130163ns10:Director12022-08-012023-07-3108130163ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3108130163ns10:SmallEntities2022-08-012023-07-3108130163ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3108130163ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3108130163ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3108130163ns10:FullAccounts2022-08-012023-07-3108130163ns10:OrdinaryShareClass12022-08-012023-07-3108130163ns10:Director22022-08-012023-07-3108130163ns10:Director32022-08-012023-07-3108130163ns10:RegisteredOffice2022-08-012023-07-3108130163ns5:CurrentFinancialInstruments2023-07-3108130163ns5:CurrentFinancialInstruments2022-07-3108130163ns5:Non-currentFinancialInstruments2023-07-3108130163ns5:Non-currentFinancialInstruments2022-07-3108130163ns5:ShareCapital2023-07-3108130163ns5:ShareCapital2022-07-3108130163ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3108130163ns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-3108130163ns5:RetainedEarningsAccumulatedLosses2023-07-3108130163ns5:RetainedEarningsAccumulatedLosses2022-07-3108130163ns5:ComputerEquipment2022-08-012023-07-3108130163ns5:MotorVehicles2022-07-3108130163ns5:ComputerEquipment2022-07-3108130163ns5:MotorVehicles2022-08-012023-07-3108130163ns5:MotorVehicles2023-07-3108130163ns5:ComputerEquipment2023-07-3108130163ns5:MotorVehicles2022-07-3108130163ns5:ComputerEquipment2022-07-3108130163ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3108130163ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3108130163ns5:DeferredTaxation2022-07-3108130163ns5:DeferredTaxation2023-07-3108130163ns10:OrdinaryShareClass12023-07-3108130163ns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-31
REGISTERED NUMBER: 08130163 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Hillside Estates (Hampshire) Limited

Hillside Estates (Hampshire) Limited (Registered number: 08130163)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hillside Estates (Hampshire) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: N J Foster
Mrs C Foster
Ms F L Fawcett





REGISTERED OFFICE: Millbank Studio
Millbank House
High Street
Hartley Wintney
Hampshire
RG27 8PE





REGISTERED NUMBER: 08130163 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Hillside Estates (Hampshire) Limited (Registered number: 08130163)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,319 43,606
Investment property 5 20,813,356 18,987,048
20,866,675 19,030,654

CURRENT ASSETS
Debtors 6 3,208,741 2,385,772
Cash at bank 435,179 523,479
3,643,920 2,909,251
CREDITORS
Amounts falling due within one year 7 584,049 564,440
NET CURRENT ASSETS 3,059,871 2,344,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,926,546

21,375,465

CREDITORS
Amounts falling due after more than one
year

8

19,755,643

17,910,619
NET ASSETS 4,170,903 3,464,846

CAPITAL AND RESERVES
Called up share capital 11 1 1
Fair value reserve 12 586,185 586,185
Retained earnings 3,584,717 2,878,660
SHAREHOLDERS' FUNDS 4,170,903 3,464,846

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Hillside Estates (Hampshire) Limited (Registered number: 08130163)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





N J Foster - Director


Hillside Estates (Hampshire) Limited (Registered number: 08130163)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Hillside Estates (Hampshire) 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.
Computer equipment - 25% on cost

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.

Financial instruments
Debtors and creditors payable/receivable within one year
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 other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


Hillside Estates (Hampshire) Limited (Registered number: 08130163)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 45,444 5,742 51,186
Additions 57,448 2,157 59,605
Disposals (45,444 ) - (45,444 )
At 31 July 2023 57,448 7,899 65,347
DEPRECIATION
At 1 August 2022 2,272 5,308 7,580
Charge for year 5,745 975 6,720
Eliminated on disposal (2,272 ) - (2,272 )
At 31 July 2023 5,745 6,283 12,028
NET BOOK VALUE
At 31 July 2023 51,703 1,616 53,319
At 31 July 2022 43,172 434 43,606

Hillside Estates (Hampshire) Limited (Registered number: 08130163)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 18,987,048
Additions 1,839,808
Disposals (13,500 )
At 31 July 2023 20,813,356
NET BOOK VALUE
At 31 July 2023 20,813,356
At 31 July 2022 18,987,048

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 10,224 115,849
Other debtors 3,198,517 2,269,923
3,208,741 2,385,772

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 4,541 8,012
Taxation and social security 311,473 314,564
Other creditors 268,035 241,864
584,049 564,440

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 19,755,643 17,910,619

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Directors loan account 15,772,467 -

The debt is secured against the investment properties.

Hillside Estates (Hampshire) Limited (Registered number: 08130163)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


10. DEFERRED TAX
£   
Balance at 1 August 2022 (292,646 )
Accelerated capital allowances
Non Trade Loan Relationships (243,095 )
Revaluation
Balance at 31 July 2023 (535,741 )

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary Share £1 1 1

12. RESERVES
Fair
value
reserve
£   
At 1 August 2022
and 31 July 2023 586,185