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Registration number: 08846130

Hillbrooke Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Hillbrooke Limited

Contents
for the Year Ended 31 March 2024

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Hillbrooke Limited

Company Information
for the Year Ended 31 March 2024

Directors

J Hillyer

P Brooke

Company secretary

Windsor Accountancy Limited

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

08846130 ( England & Wales )

Accountants

Windsor Accountancy Ltd
Chartered Certified Accountants
St. Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Hillbrooke Limited

(Registration number: 08846130)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

115,886

2,351

Other financial assets

6

2,074,458

1,556,320

 

2,190,344

1,558,671

Current assets

 

Debtors

7

646,226

382,098

Cash at bank and in hand

 

258,704

377,112

 

904,930

759,210

Creditors: Amounts falling due within one year

8

(448,222)

(305,619)

Net current assets

 

456,708

453,591

Total assets less current liabilities

 

2,647,052

2,012,262

Provisions for liabilities

(28,972)

-

Net assets

 

2,618,080

2,012,262

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,617,980

2,012,162

Shareholders' funds

 

2,618,080

2,012,262

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2024 and signed on its behalf by:
 

 

Hillbrooke Limited

(Registration number: 08846130)
Balance Sheet as at 31 March 2024

.........................................
J Hillyer
Director

 

Hillbrooke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the Board on 28 August 2024.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Hillbrooke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

50% SL

Motor vehicles

20% RB

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.

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.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

 

Hillbrooke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

13,554

-

13,554

Additions

3,033

128,959

131,992

Disposals

(1,163)

-

(1,163)

At 31 March 2024

15,424

128,959

144,383

Depreciation

At 1 April 2023

11,203

-

11,203

Charge for the year

2,574

15,882

18,456

Eliminated on disposal

(1,162)

-

(1,162)

At 31 March 2024

12,615

15,882

28,497

Carrying amount

At 31 March 2024

2,809

113,077

115,886

At 31 March 2023

2,351

-

2,351

 

Hillbrooke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Investments

Other investments

The market value of the listed investments at 31 March 2024 was £2,074,458 (2023 - £1,556,320).

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Revaluations

2,074,458

2,074,458

At 31 March 2024

2,074,458

2,074,458

Impairment

Carrying amount

At 31 March 2024

2,074,458

2,074,458

7

Debtors

Current

2024
£

2023
£

Trade debtors

640,374

174,431

Prepayments

5,852

205,667

Other debtors

-

2,000

 

646,226

382,098

 

Hillbrooke Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

280,672

205,509

Accruals and deferred income

166,537

100,110

Other creditors

1,013

-

448,222

305,619

9

Related party transactions

Transactions with directors

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Advances and credits

(208)

208

-

 

Other transactions with directors

The balance due to the directors at the year end date was free of interest and deemed repayable on demand.