Hillington Homes Limited 03252292 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of House Building and Land Development. The properties developed by the company are available for sale when the director considers the maximum value can be obtained. In the meantime the properties are let on an annual basis to provide some income. The company is currently performing site managment services and building work for other third parties. Digita Accounts Production Advanced 6.30.9574.0 true true 03252292 2023-03-01 2024-02-29 03252292 2024-02-29 03252292 core:RetainedEarningsAccumulatedLosses 2024-02-29 03252292 core:ShareCapital 2024-02-29 03252292 core:CurrentFinancialInstruments 2024-02-29 03252292 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 03252292 core:Non-currentFinancialInstruments 2024-02-29 03252292 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 03252292 core:MotorVehicles 2024-02-29 03252292 core:OfficeEquipment 2024-02-29 03252292 core:PlantMachinery 2024-02-29 03252292 bus:SmallEntities 2023-03-01 2024-02-29 03252292 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 03252292 bus:FilletedAccounts 2023-03-01 2024-02-29 03252292 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 03252292 bus:RegisteredOffice 2023-03-01 2024-02-29 03252292 bus:CompanySecretary1 2023-03-01 2024-02-29 03252292 bus:Director1 2023-03-01 2024-02-29 03252292 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03252292 core:ComputerEquipment 2023-03-01 2024-02-29 03252292 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 03252292 core:MotorVehicles 2023-03-01 2024-02-29 03252292 core:OfficeEquipment 2023-03-01 2024-02-29 03252292 core:PlantMachinery 2023-03-01 2024-02-29 03252292 countries:EnglandWales 2023-03-01 2024-02-29 03252292 2023-02-28 03252292 core:MotorVehicles 2023-02-28 03252292 core:OfficeEquipment 2023-02-28 03252292 core:PlantMachinery 2023-02-28 03252292 2022-03-01 2023-02-28 03252292 2023-02-28 03252292 core:RetainedEarningsAccumulatedLosses 2023-02-28 03252292 core:ShareCapital 2023-02-28 03252292 core:CurrentFinancialInstruments 2023-02-28 03252292 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 03252292 core:Non-currentFinancialInstruments 2023-02-28 03252292 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 03252292 core:MotorVehicles 2023-02-28 03252292 core:OfficeEquipment 2023-02-28 03252292 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 03252292

Hillington Homes Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Hillington Homes Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Hillington Homes Limited

Company Information

Director

Mr DG Brasted

Company secretary

Mrs KM Brasted

Registered office

Prospect House
108 Canterbury Road
Herne Bay
Kent
CT6 5SE

Accountants

Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge
Folkestone
Kent
CT18 7TQ

 

Hillington Homes Limited

(Registration number: 03252292)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

362

460

Current assets

 

Stocks

5

178,345

178,345

Debtors

6

348

1,838

Cash at bank and in hand

 

1,020

2,182

 

179,713

182,365

Creditors: Amounts falling due within one year

7

(88,080)

(86,778)

Net current assets

 

91,633

95,587

Total assets less current liabilities

 

91,995

96,047

Creditors: Amounts falling due after more than one year

7

(65,272)

(69,631)

Net assets

 

26,723

26,416

Capital and reserves

 

Called up share capital

100

100

Retained earnings

26,623

26,316

Shareholders' funds

 

26,723

26,416

 

Hillington Homes Limited

(Registration number: 03252292)
Balance Sheet as at 29 February 2024 (continued)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 August 2024
 

.........................................
Mr DG Brasted
Director

   
     
 

Hillington Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

Hillington Homes Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03252292 and registered office address is as follows:


Prospect House
108 Canterbury Road
Herne Bay
Kent
CT6 5SE
 

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the company's ability to continue as a going concern.

 

Hillington Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Judgements

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Fixtures and fittings

15% reducing balance

Computer equipment

33 1/3% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Hillington Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an inconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Hillington Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision in the Balance sheet.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Hillington Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

1,800

250

6,777

8,827

At 29 February 2024

1,800

250

6,777

8,827

Depreciation

At 1 March 2023

1,626

250

6,491

8,367

Charge for the year

26

-

72

98

At 29 February 2024

1,652

250

6,563

8,465

Carrying amount

At 29 February 2024

148

-

214

362

At 28 February 2023

174

-

286

460

5

Stocks

2024
£

2023
£

Other inventories

178,345

178,345

6

Debtors

Current

2024
£

2023
£

Trade debtors

180

960

Prepayments

58

740

Other debtors

110

138

 

348

1,838

 

Hillington Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

86,334

85,403

Trade creditors

 

206

23

Accruals and deferred income

 

1,540

1,352

 

88,080

86,778

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

65,272

69,631

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

65,272

69,631

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,076

5,076

Directors current account

81,258

80,327

86,334

85,403