Silverfin false 30/04/2023 01/05/2022 30/04/2023 D D Garcia 01/02/2013 A L Hill 01/07/2020 D T C Pollock 09/10/2006 A P M Steele 31/07/2020 17 January 2024 The principal activity of the Company during the financial year was insurance intermediation in connection with life insurance. 02674369 2023-04-30 02674369 bus:Director1 2023-04-30 02674369 bus:Director2 2023-04-30 02674369 bus:Director3 2023-04-30 02674369 bus:Director4 2023-04-30 02674369 2022-04-30 02674369 core:CurrentFinancialInstruments 2023-04-30 02674369 core:CurrentFinancialInstruments 2022-04-30 02674369 core:Non-currentFinancialInstruments 2023-04-30 02674369 core:Non-currentFinancialInstruments 2022-04-30 02674369 core:ShareCapital 2023-04-30 02674369 core:ShareCapital 2022-04-30 02674369 core:RetainedEarningsAccumulatedLosses 2023-04-30 02674369 core:RetainedEarningsAccumulatedLosses 2022-04-30 02674369 core:OtherPropertyPlantEquipment 2022-04-30 02674369 core:OtherPropertyPlantEquipment 2023-04-30 02674369 2022-05-01 2023-04-30 02674369 bus:FullAccounts 2022-05-01 2023-04-30 02674369 bus:SmallEntities 2022-05-01 2023-04-30 02674369 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 02674369 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 02674369 bus:Director1 2022-05-01 2023-04-30 02674369 bus:Director2 2022-05-01 2023-04-30 02674369 bus:Director3 2022-05-01 2023-04-30 02674369 bus:Director4 2022-05-01 2023-04-30 02674369 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 02674369 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Company No: 02674369 (England and Wales)

HILL OLDRIDGE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

HILL OLDRIDGE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

HILL OLDRIDGE LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
HILL OLDRIDGE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTORS D D Garcia
A L Hill
D T C Pollock
A P M Steele
SECRETARY D T C Pollock
REGISTERED OFFICE Ormond House
26/27 Boswell Street
London
WC1N 3JZ
United Kingdom
COMPANY NUMBER 02674369 (England and Wales)
CHARTERED ACCOUNTANTS Dixon Wilson
22 Chancery Lane
London
WC2A 1LS
HILL OLDRIDGE LIMITED

BALANCE SHEET

As at 30 April 2023
HILL OLDRIDGE LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,127 3,190
Investment property 4 800,000 825,000
802,127 828,190
Current assets
Debtors
- due within one year 5 141,233 95,081
- due after more than one year 5 243,202 364,877
Cash at bank and in hand 2,080,875 1,821,443
2,465,310 2,281,401
Creditors: amounts falling due within one year 6 ( 444,607) ( 531,093)
Net current assets 2,020,703 1,750,308
Total assets less current liabilities 2,822,830 2,578,498
Provision for liabilities ( 798) ( 798)
Net assets 2,822,032 2,577,700
Capital and reserves
Called-up share capital 60,000 60,000
Profit and loss account 2,762,032 2,517,700
Total shareholders' funds 2,822,032 2,577,700

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hill Oldridge Limited (registered number: 02674369) were approved and authorised for issue by the Board of Directors on 17 January 2024. They were signed on its behalf by:

D T C Pollock
Director
HILL OLDRIDGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
HILL OLDRIDGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hill Oldridge Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ormond House, 26/27 Boswell Street, London, WC1N 3JZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Commission receivable on an indemnity basis is recognised at the inception of the related policy subject to adjustments for amounts expected to be clawed back. Non-indemnity commission is recognised at the inception of the related policy, as the right to consideration arises.

Renewal and trail commission are recognised evenly over the life of the individual policy, as the right to consideration arises.

Income from advisory work is recognised in the period in which services are provided.

Income earned by an appointed representative is included within revenue. The corresponding commission is included within shared commision on the Profit and Loss Account.

Turnover includes rental income. This is recognised in the period to which the income relates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 15 - 33.33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Investment property

Investment properties are included at fair value at each reporting date. The value is based on observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Gains and losses are recognised in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2022 12,454 12,454
At 30 April 2023 12,454 12,454
Accumulated depreciation
At 01 May 2022 9,264 9,264
Charge for the financial year 1,063 1,063
At 30 April 2023 10,327 10,327
Net book value
At 30 April 2023 2,127 2,127
At 30 April 2022 3,190 3,190

4. Investment property

Investment property
£
Valuation
As at 01 May 2022 825,000
Fair value movement (25,000)
As at 30 April 2023 800,000

Valuation

In the opinion of the directors, the fair value of the investment property was £800,000 at the balance sheet date. The directors have taken account of the views of the current letting agent and the observable market prices of comparable properties, but no formal valuation has been carried out.

Historic cost

If the investment properties had been accounted for at cost, the properties would have been measured as follows:

2023 2022
£ £
Historical cost 1,270,700 1,270,700

5. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Trade debtors 50,027 32,641
Other debtors 91,206 62,440
141,233 95,081
Debtors: amounts falling due after more than one year
Other debtors 243,202 364,877

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 31,630 33,884
Corporation tax 65,727 110,600
Other taxation and social security ( 4,903) 10,044
Other creditors 352,153 376,565
444,607 531,093

7. Financial commitments

Other financial commitments

2023 2022
£ £
Total minimum operating lease payments 101,232 33,745

As at 30 April 2023 the company had total minimum commitments over the terms of non-cancellable operating leases as above.