Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true22022-12-01falseBuying and selling of own real estate. Renting and leasing of construction and civil engineering machinery and equipment.3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13727872 2022-12-01 2023-11-30 13727872 2021-11-08 2022-11-30 13727872 2023-11-30 13727872 2022-11-30 13727872 c:Director1 2022-12-01 2023-11-30 13727872 d:MotorVehicles 2022-12-01 2023-11-30 13727872 d:MotorVehicles 2023-11-30 13727872 d:MotorVehicles 2022-11-30 13727872 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13727872 d:FurnitureFittings 2022-12-01 2023-11-30 13727872 d:FurnitureFittings 2023-11-30 13727872 d:FurnitureFittings 2022-11-30 13727872 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13727872 d:OfficeEquipment 2022-12-01 2023-11-30 13727872 d:OfficeEquipment 2023-11-30 13727872 d:OfficeEquipment 2022-11-30 13727872 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13727872 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13727872 d:CurrentFinancialInstruments 2023-11-30 13727872 d:CurrentFinancialInstruments 2022-11-30 13727872 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13727872 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13727872 d:ShareCapital 2023-11-30 13727872 d:ShareCapital 2022-11-30 13727872 d:RetainedEarningsAccumulatedLosses 2023-11-30 13727872 d:RetainedEarningsAccumulatedLosses 2022-11-30 13727872 c:OrdinaryShareClass1 2022-12-01 2023-11-30 13727872 c:OrdinaryShareClass1 2023-11-30 13727872 c:OrdinaryShareClass1 2022-11-30 13727872 c:FRS102 2022-12-01 2023-11-30 13727872 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13727872 c:FullAccounts 2022-12-01 2023-11-30 13727872 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13727872 2 2022-12-01 2023-11-30 13727872 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13727872









HILLS CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
HILLS CAPITAL LIMITED
REGISTERED NUMBER: 13727872

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
161,456
190,963

  
161,456
190,963

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
592,849
565,097

Cash at bank and in hand
  
13,369
20,059

  
606,218
585,156

Creditors: amounts falling due within one year
 6 
(846,668)
(817,373)

NET CURRENT LIABILITIES
  
 
 
(240,450)
 
 
(232,217)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(78,994)
(41,254)

  

NET LIABILITIES
  
(78,994)
(41,254)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(79,094)
(41,354)

  
(78,994)
(41,254)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
HILLS CAPITAL LIMITED
REGISTERED NUMBER: 13727872
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



D L Hills
Director

Date: 20 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HILLS CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


GENERAL INFORMATION

Hills Capital Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business is Salisbury House, Station Road, Cambridge, CB1 2LA. The 
The company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

At the balance sheet date the Company had net liabilities of £78,994 (2022 - £41,254). The financial statements have been prepared on a going concern basis as the shareholders continue to support the Company to ensure it is able to meet its liabilities as they fall due.

 
2.3

TURNOVER

Turnover comprises loan interest receivable for loans made on commercial terms.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
HILLS CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
4 years
Fixtures and fittings
-
4 years
Office equipment
-
4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
HILLS CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

30 November
Period ended
30 November
2023
2022
£
£

Wages and salaries
36,000
59,277

Social security costs
2,056
-

38,056
59,277


The average monthly number of employees, including directors, during the year was 2 (2022 - 3).

Page 5

 
HILLS CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


TANGIBLE FIXED ASSETS





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 December 2022
194,562
-
2,049
196,611


Additions
18,750
500
1,323
20,573



At 30 November 2023

213,312
500
3,372
217,184



DEPRECIATION


At 1 December 2022
5,256
-
392
5,648


Charge for the year on owned assets
49,225
43
812
50,080



At 30 November 2023

54,481
43
1,204
55,728



NET BOOK VALUE



At 30 November 2023
158,831
457
2,168
161,456



At 30 November 2022
189,306
-
1,657
190,963


5.


DEBTORS

2023
2022
£
£


Other debtors
590,003
564,420

Prepayments and accrued income
2,846
677

592,849
565,097


Page 6

 
HILLS CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
964
80,931

Other taxation and social security
2,056
-

Other creditors
838,998
731,447

Accruals and deferred income
4,650
4,995

846,668
817,373



7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7