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REGISTERED NUMBER: 06468923 (England and Wales)
















HILL PROPERTIES (ESSEX) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HILL PROPERTIES (ESSEX) LIMITED (REGISTERED NUMBER: 06468923)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HILL PROPERTIES (ESSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: I. Drury





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





BUSINESS ADDRESS: Unit 1 Springfield Industrial Estate
Springfield Road
Burnham-on-Crouch
Essex
CM0 8UA





REGISTERED NUMBER: 06468923 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

HILL PROPERTIES (ESSEX) LIMITED (REGISTERED NUMBER: 06468923)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,874 10,440
Investment property 5 1,109,742 1,109,742
1,118,616 1,120,182

CURRENT ASSETS
Debtors 6 381,623 321,749
Cash at bank and in hand 54,744 143,463
436,367 465,212
CREDITORS
Amounts falling due within one year 7 576,890 579,870
NET CURRENT LIABILITIES (140,523 ) (114,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

978,093

1,005,524

CREDITORS
Amounts falling due after more than one
year

8

690,523

719,689
NET ASSETS 287,570 285,835

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 287,470 285,735
SHAREHOLDERS' FUNDS 287,570 285,835

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HILL PROPERTIES (ESSEX) LIMITED (REGISTERED NUMBER: 06468923)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 July 2024 and were signed by:





I. Drury - Director


HILL PROPERTIES (ESSEX) LIMITED (REGISTERED NUMBER: 06468923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hill Properties (Essex) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

HILL PROPERTIES (ESSEX) LIMITED (REGISTERED NUMBER: 06468923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 23,000
DEPRECIATION
At 1 January 2023 12,560
Charge for year 1,566
At 31 December 2023 14,126
NET BOOK VALUE
At 31 December 2023 8,874
At 31 December 2022 10,440

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,109,742
NET BOOK VALUE
At 31 December 2023 1,109,742
At 31 December 2022 1,109,742

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 381,623 321,749

HILL PROPERTIES (ESSEX) LIMITED (REGISTERED NUMBER: 06468923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,795 29,264
Trade creditors - 633
Taxation and social security 4,088 8,478
Other creditors 543,007 541,495
576,890 579,870

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 690,523 719,689

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years otherwise
than by instalments

-

478,343

Repayable by instalments
Bank loans more than 5 years by
instalments

96,454

113,889

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 720,318 748,953

The mortgage loans are secured by charges over the respective properties.

HILL PROPERTIES (ESSEX) LIMITED (REGISTERED NUMBER: 06468923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. CONTINGENT LIABILITIES

The following companies (controlled by the director, I. Drury) have entered into a Composite Accounting Agreement. Each participating company has provided a guarantee to the Bank. Under the terms of the agreement the Bank is authorised to allow set-off for interest purposes and in certain circumstances to seize credit balances and apply them in reduction of liabilities including debit balances within the Composite Accounting System.

R.W.Hill (Piling) Limited
R.W.Hill (Felixstowe) Limited
Hill Piling Limited
Pinch Group Limited
Hill Properties (Essex) Limited