Acorah Software Products - Accounts Production 14.6.300 false true false 30 November 2022 29 November 2023 29 November 2023 07444174 Mr Jamie Chilcott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07444174 2022-11-29 07444174 2023-11-29 07444174 2022-11-30 2023-11-29 07444174 frs-core:CurrentFinancialInstruments 2023-11-29 07444174 frs-core:Non-currentFinancialInstruments 2023-11-29 07444174 frs-core:ShareCapital 2023-11-29 07444174 frs-core:RetainedEarningsAccumulatedLosses 2023-11-29 07444174 frs-bus:PrivateLimitedCompanyLtd 2022-11-30 2023-11-29 07444174 frs-bus:FilletedAccounts 2022-11-30 2023-11-29 07444174 frs-bus:SmallEntities 2022-11-30 2023-11-29 07444174 frs-bus:AuditExempt-NoAccountantsReport 2022-11-30 2023-11-29 07444174 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-30 2023-11-29 07444174 frs-bus:Director3 2022-11-30 2023-11-29 07444174 frs-countries:EnglandWales 2022-11-30 2023-11-29
Registered number: 07444174
Hill Lane Properties Ltd
Financial Statements
For The Year Ended 29 November 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07444174
2023
Notes £ £
CURRENT ASSETS
Stocks 4 2,383,767
Debtors 5 521,188
Cash at bank and in hand 49
2,905,004
Creditors: Amounts Falling Due Within One Year 6 (197,107 )
NET CURRENT ASSETS (LIABILITIES) 2,707,897
TOTAL ASSETS LESS CURRENT LIABILITIES 2,707,897
Creditors: Amounts Falling Due After More Than One Year 7 (2,829,713 )
NET LIABILITIES (121,816 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (121,916 )
SHAREHOLDERS' FUNDS (121,816)
For the year ending 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jamie Chilcott
Director
13th May 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Hill Lane Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07444174 . The registered office is The Farmhouse, Maer Lane, Exmouth, EX8 5DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
4. Stocks
2023
£
Work in progress 2,383,767
5. Debtors
2023
£
Due within one year
Trade debtors 64,800
Other debtors 456,388
521,188
6. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 187,985
Other creditors 900
Taxation and social security 8,222
197,107
Page 2
Page 3
7. Creditors: Amounts Falling Due After More Than One Year
2023
£
Bank loans 2,129,713
Other loans 700,000
2,829,713
8. Share Capital
2023
£
Allotted, Called up and fully paid 100
Page 3